$550,000
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5105 Memory Lane, Raleigh, NC 27609

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3 Beds
1 Bath
1,449 Sq Ft

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Though the property is currently being lived in, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5101 Memory Rd as a simuataneous closing/transaction--seeMLS#2532283 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.

Listing By: Philip Layton - Market-One Realty, LLC nctriangle Realty.com
  • MLS# 2532285
  • Date Listed09/14/2023
  • Bedrooms 3
  • Bathrooms 1 Full baths
  • Lot Size 0.46 acres (20,038 sq. ft)
  • Subdivision Not in a Subdivision
  • County Wake
  • Year Built 1957
  • Square Feet 1,449 sq. ft
  • Price Per Sq. Ft $379.57

Interior Features

  • Flooring Vinyl
  • Cooling None
  • Heating None

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.46
  • Lot Size SQFT 20,037.60
  • Lot Features -

Directions

North on Falls of Neuse Rd Right on Millbrook Right on Memory

Financial Considerations

  • Tax Amount $2,323
  • Terms Cash, Conventional, FHA, VA Loan

Schools near 27609

Explore the local neighborhood highlights and top-rated schools near 27609 in Raleigh, NC.

Nearby Schools

Source: School Digger

Millbrook Elementary School

Public • PK - 5 • Serves this home

0.18 mi

Distance

Douglas Elementary

Public • PK - 5

1.71 mi

Distance

Brentwood Elementary

Public • PK - 5

2.18 mi

Distance

Casa Esperanza Montessori

Public • PK - 8

2.75 mi

Distance

Brooks Elementary

Public • PK - 5

3.2 mi

Distance

Root Elementary School

Public • PK - 5

3.62 mi

Distance

Wilburn Elementary

Public • PK - 5

3.94 mi

Distance

Joyner Elementary

Public • PK - 5

4.19 mi

Distance

Conn Elementary

Public • PK - 5

4.98 mi

Distance

Lynn Road Elementary

Public • PK - 5

5.12 mi

Distance

Carroll Middle

Public • 6 - 8

2.44 mi

Distance

East Millbrook Middle

Public • 6 - 8

2.83 mi

Distance

West Millbrook Middle

Public • 6 - 8

4.32 mi

Distance

Durant Road Middle

Public • 6 - 8

5.39 mi

Distance

Oberlin Magnet Middle School

Public • 6 - 8

5.53 mi

Distance

Longview

Public • 6 - 12

5.95 mi

Distance

River Oaks Middle

Public • 6 - 8

6.52 mi

Distance

Martin Middle

Public • 6 - 8

6.76 mi

Distance

River Bend Middle School

Public • 6 - 8

6.77 mi

Distance

Moore Square Museum Magnet Mid

Public • 6 - 8

7.09 mi

Distance

Millbrook High

Public • 9 - 12

1.46 mi

Distance

Sanderson High

Public • 9 - 12

3.24 mi

Distance

Raleigh Charter High School

Public • 9 - 12

5.81 mi

Distance

Phillips High

Public • 9 - 12

5.98 mi

Distance

Needham Broughton High

Public • 9 - 12

6.69 mi

Distance

William G Enloe High

Public • 9 - 12

7.02 mi

Distance

Wake Young Men's Leadership Academy

Public • 8 - 12 • Serves this home

7.09 mi

Distance

Youthbuild - Capital Area Workforce

Public • 10 - 13

7.3 mi

Distance

Wake Early College Of Health And Sciences

Public • 9 - 12

7.42 mi

Distance

Friendship Christian School

Private • PK - 12

1.24 mi

Distance

Fletcher Academy

Private • 02 - 12

1.79 mi

Distance

St. Thomas More Academy

Private • 06 - 12

2.1 mi

Distance

Trilogy School

Private • 02 - 12

2.41 mi

Distance

St. David's School

Private • PK - 12

4.24 mi

Distance

Ravenscroft School

Private • PK - 12

4.32 mi

Distance

Neuse Christian Academy

Private • KG - 12

4.32 mi

Distance

Raleigh Christian Academy

Private • PK - 12

4.73 mi

Distance

Montessori School Of Raleigh

Private • PK - 12

4.94 mi

Distance

True Abalities Learning.academy

Private • UG - UG

5.15 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 27609

Discover key demographics, population statistics, and environmental insights for the Raleigh, NC area.

Population & Environment

Source: Sperling's Best Places

Walkability in NC / 27609

Source: Walk Score

58/100

Somewhat Walkable

Walk Score ®

35/100

Some Transit

Transit Score ®

55/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

4 nearby routes: 4 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 36/100, Transit Score: 29/100, Bike Score: 39/100.

Property Change History

Points of Interest near 5105 Memory Lane, Raleigh, NC 27609

Frequently Asked Questions for 5105 Memory Lane

Source: Realty.com

5105 Memory Lane, Raleigh, NC 27609 in Not in a Subdivision, Raleigh, NC 27609 is a single family listed at $550,000. Highlights include 3 bedrooms, 1 bathroom, 1,449 sq. ft., built in 1957, 0.46 acre lot, $380 per sq. ft.. Realty.com has 3 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 3 photos of 5105 Memory Lane.

Our records indicate that 5105 Memory Lane was built in 1957.

The full address for this home is 5105 Memory Lane, Raleigh, NC 27609.

5105 Memory Lane has been listed on Realty.com since Thu September 14, 2023

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 36/100, Transit Score: 29/100, Bike Score: 39/100.

There are 3 schools assigned to this home. Check out the schools near 5105 Memory Lane. Millbrook Elementary School (Grades: PK - 5), Wake Young Women's Leadership Academy (Grades: 6 - 12), Wake Young Men's Leadership Academy (Grades: 8 - 12)

Listing provided courtesy of: Market-one Realty, Llc (tel: 919-876-2726)
Listing agent: Philip Layton (tel: 919-878-3891) (#R10964)

This content last refreshed on 2026-07-15 21:49:32. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.