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2618 Bedford Ave, Raleigh, NC, 27607

2beds
1baths
1,061sqft
$575,000
$542price/sqft
$3,690/moest. monthly cost
$147,600/yrincome needed

About This Home

This parcel accompanies MLS# 10162920 and they will be sold together. Exceptional opportunity for investors, builders, or end users in the highly desirable University Park neighborhood. Ideally situated within walking distance to The Village District and NC State University, this offering includes two lots being sold together at 2618 Bedford Ave and 711 Latta St 1/2, totaling approximately 0.50 acres and presenting endless possibilities for redevelopment or expansion. Build two separate homes, keep the lots independent for future flexibility, or combine them to create one custom residence-- the choice is yours. The existing home is move-in ready and features recent updates, including new luxury vinyl plank flooring, an updated kitchen, and fresh interior paint--making it perfect as a rental, temporary residence, or while planning your build. Prime location, strong investment potential, and multiple development options make this a rare find in one of Raleigh's most sought-after areas.

Getting Around

50
WalkingSomewhat Walkable
47
TransitSome Transit
80
BikeVery Bikeable

Schools

6/10
Olds ElementaryGrades PK-50.4 mi
6/10
Martin MiddleGrades 6-81.6 mi
7/10
Needham Broughton HighGrades 9-120.9 mi

Construction

Condition

  • Year built: 1952

Materials

  • Foundation: Combination
  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,061

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,061
  • Total interior livable area: 1,061 sqft

Property

Details

  • Parcel number: 0794844163
  • Zoning: R-6
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes

Lot

  • Lot size: 0.50 Acres
  • Lot size dimensions: See plat map

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Heat Wave
Tornado

FEMA Declared Disasters in Wake County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,907$34,884
Home Insurance *$168$2,016
Property Taxes $415$4,980
Electricity $200$2,405
Total$3,690$44,280
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$126,514/yr
40% on housing$110,700/yr
45% on housing$98,400/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$542This listing

vs Other Active Listings

Avg $/sqft

ZIP 27607$385
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27607$337
Wake County$224

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-24Listed for sale$635,000
2026-01-10Listing removed$649,000
2025-12-11Price change$649,000
2025-11-17Price change$699,000
2025-11-05Price change$749,000
2025-08-28Listed for sale$799,000
2025-04-04Listing removed$1,500
2025-03-20Listed for rent$1,500
2021-06-01Listing removed--
2021-04-29Listed for rent$1,200
2021-02-24Listing removed--
2020-05-01Listing removed$650
2020-04-20Listed for rent$650
2019-07-10Listing removed$1,250
2019-06-09Listed for rent$1,250
2018-10-05Listing removed$1,250
2018-08-20Price change$1,250
2018-08-15Listed for rent$1,400
2017-03-28Sold$225,000

For Sale by Agent

AgentGretchen Coley
BrokerageCompass -- Raleigh

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