Kyle Drive Assemblage — Sale in Raleigh, NC

  • Price: $695K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Raleigh, NC 27616

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Kyle Drive Assemblage — Sale in Raleigh, NC, photo 1 of 2
Kyle Drive Assemblage — Sale in Raleigh, NC, photo 2 of 2

Description

Rare 1.21‑acre two‑parcel assemblage in a growing North Raleigh corridor just off Louisburg Road (US‑401). This listing includes 5621 Kyle Drive (PIN 1736166080) and 5615 Kyle Drive (PIN 1736156950). Currently zoned R‑10 and marketed with an active rezoning strategy toward higher‑density mixed‑use (NX/CX). Ideal for neighborhood retail, small commercial, townhomes, or mixed‑use redevelopment. Existing homes provide potential interim income while entitlement is pursued. Strong surrounding residential density and corridor growth make this a compelling infill opportunity. Land Size: 1.21 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Raleigh, NC is listed for sale at $695,000. Compare it against other multifamily listings for sale in Raleigh, NC — view the full market.

As of Q1 2026, the Raleigh multifamily market showed average asking rents near $1551.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

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