Investor Opportunity or Owner-Occupant Dream! This well-maintained duplex offers the flexibility to fit multiple lifestyles. The 2-bedroom unit is already leased at $1,600/month through July 15, 2027, providing immediate, reliable rental income from day one. The 3-bedroom unit is currently vacant, making it ideal for an owner looking to live in one unit while the rental income helps offset the mortgage, taxes, and insurance—or for an investor seeking to lease the second unit at market rent to maximize cash flow. Located on Atlantic Avenue in Raleigh, the property offers convenient access to shopping, dining, major roadways, employment centers, and everyday amenities. With strong rental demand and the rare combination of immediate income plus owner-occupancy potential, this property is an excellent opportunity for investors, first-time buyers, or anyone looking to build wealth through real estate while enjoying the benefits of rental income.
Features
5 bedrooms
3 bathrooms
2344 sq. ft. floor area
crop_free14374.8 sq. ft. lot size
cottageDuplex
Property history for 3408 Atlantic Avenue
1998
Sold
$137,500
30 Apr 1998 by Chuck Baker, of Howard Perry & Walston Realtor
Happy sellers in Raleigh
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Local market activity for 5 bedroom duplexes in Raleigh
Sold
For Sale
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