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513 & 515 Hoke St. 2 Multifamily Properties Offered at $425,000 in Raleigh, NC



INVESTMENT HIGHLIGHTS
- Located in Gastonia’s business district
- Includes three offices, a large lobby, and a spacious bonus room
- Signage available and accessible via bus line
- Freshly renovated with new kitchen, flooring, and paint
- Originally built in 1955 and renovated in 2021
- Ideal for professional or small business use
EXECUTIVE SUMMARY
Priced to sell! 175K price improvement!!!!! Remarkable investment opportunity w/ this duplex located in prime downtown Raleigh! (Also available-513 Hoke street (adjacent) ! While this property requires extensive renovations, it presents an incredible canvas for seasoned investors looking to add value and build on the surrounding growth. Each building sits on .16 acres, features two-- 3 bed 1 bath, ideal for long or short term rental opportunities. Each building is 1728 SQ ft, and priced at 425K each. Make an offer! With a tax land value alone of $300,000 (DOUBLE your investment if both purchased). Only a 6 min drive to NC State & 4 min to the newly developed Dorthea Dix Park, featuring The 18.5 acre Gipson Play Area w/ multiple playgrounds, sensory maze, splash fountain & more! Encircled by NEW construction, this is an opportunity to secure properties in an ideal location! 10 min to Walnut Creek Amphitheater, 3 min to the Convention Center, restaurants, culture- endless posibilities! Ability to capitalize on a prime investment & make this property your next success story!
PROPERTY FACTS
| Price | $425,000 | Number of Properties | 2 |
| Price / SF | $81.98 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,184 SF |
| Status | Active | Total Land Area | 0.32 AC |
| Price | $425,000 |
| Price / SF | $81.98 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,184 SF |
| Total Land Area | 0.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 515 Hoke St, Raleigh, NC 27601 | Multifamily | 3,456 SF | 1983 | - |
| 513 Hoke St, Raleigh, NC 27601 | Multifamily | 1,728 SF | 1983 | - |
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513 & 515 Hoke St.
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