$1,195,000
 $6,415 est/mo Sourced by Back At You

516 W Peace Street,Raleigh, NC 27603

Raleigh, NC 27603

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Description

Rich in character and full of timeless appeal, this well-maintained 1908 home offers a rare combination of historic charm and modern updates in a prime location. Featuring 10' ceilings, gleaming hardwood floors, a spacious foyer and central hallway, this inviting home also includes a generous living room, and a bright eat-in kitchen. Two bedrooms and one full bath complete the thoughtfully designed floor plan. Enjoy relaxing on the welcoming wraparound front porch or take advantage of the large rear parking area with convenient side alley access to a quiet neighborhood street. The home is in very good condition and has been updated with a new HVAC system and a newer hot water heater, providing peace of mind while preserving its classic character. Currently zoned NX-3 for Neighborhood Business, this versatile property offers exceptional flexibility. Continue to enjoy it as a charming residence or explore the many possibilities for a neighborhood business. A unique opportunity to own a property with historic charm, modern conveniences, and outstanding potential. Price Reduction!

Details

MLS #10183887
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1908
Days On Site37
Listing Provided ByBerkshire Hathaway HomeService | Amanda Williams

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet1,708
Story(s)1
ZoningNX-3
Acreage0.12

Interior

Interior FeaturesEntrance Foyer, High Ceilings, Kitchen Island, Shower Only
Heating Yes / NoNo
Cooling Yes / NoYes
CoolingCentral Air, Electric, Gas
Fireplace FeaturesDecorative, See Remarks
Fireplaces Total4
Fireplace Yes / NoYes
Laundry FeaturesLaundry Room
Rooms Total5

Exterior

Exterior FeaturesSmart Camera(s)/Recording
RoofShingle
Foundation DetailsBrick/Mortar
Lot FeaturesFront Yard
Community FeaturesSidewalks
Construction MaterialsWood Siding
Patio And Porch FeaturesCovered, Porch, Wrap Around, See Remarks

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo
Parking FeaturesAlley Access, Open, Paved

Location

Community FeaturesSidewalks

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Assessed Value541125
Tax Legal DescriptionLo1 Southern Pt Brinkley Prop
Tax Year2022

Area Information

StateNC
CountyWake
CityRaleigh
Zip Code27603
AreaWake
Community NameNot in a Subdivision
School DistrictWake - Needham Broughton High
Elementary SchoolWake - Wiley Elementary
High SchoolWake - Needham Broughton High
Listing VS Median (in Not in a Subdivision)
Price:
$1,195,000
low | high
Med:
$395,000
100% of Average
sqft:
1,708
low | high
Med:
1,225
78.27868852459% of Average
$ / sqft:
$700
low | high
Med:
$322
100% of Average
On site:
37
low | high
Med:
102
36.274509803922% of Average
Sourced by Back At You

Market Activity 27603

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Learn More About This Property

StateNC
CountyWake
CityRaleigh
Zip Code27603
AreaWake
Community NameNot in a Subdivision
School DistrictWake - Needham Broughton High
Elementary SchoolWake - Wiley Elementary
High SchoolWake - Needham Broughton High
Listing VS Median (in Not in a Subdivision)
Price:
$1,195,000
low | high
Med:
$395,000
100% of Average
sqft:
1,708
low | high
Med:
1,225
78.27868852459% of Average
$ / sqft:
$700
low | high
Med:
$322
100% of Average
On site:
37
low | high
Med:
102
36.274509803922% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $896K - $1.493M
sqft: 1,000 - 2,000
Listing Updated: August 18, 2026 at 12:58:32 PM PDT