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5605 North Hills Drive, 
Raleigh, NC 27612

$575,000

3

Beds

3

Baths

1,924

Sq Ft

Multi-Family

Active

Listed by

Kathy Peterson
Coldwell Banker Howard Perry and Walston

919-876-8824

Last updated:

July 18, 2026, 12:14 PM

MLS#

10161071

Source:

RD

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Source MLS Verified

About This Home

5605 North Hills Drive

PRIME MIDTOWN RALEIGH TEARDOWN / REDEVELOPMENT LOT - 0.31-acre R-4 zoned lot with no HOA located in a proven redevelopment corridor just minutes from North Hills. Surrounded by ongoing teardown activity and high-end custom construction, including the adjacent lot currently cleared for new construction, this site offers immediate confirmation of redevelopment momentum. Gently sloped, rectangular lot (approximately 90' × 150') provides an efficient footprint for a new custom build. Public water and sewer available. Lot extends beyond existing rear fence (buyer to verify). Existing 1,924 SF 1973 structure conveys strictly as-is and is being marketed for land value only. Ideal for builder or end-user seeking to replace existing housing stock in a rapidly transitioning area with strong resale support from recent nearby new construction. Convenient access to North Hills, Shelley Lake Park, greenways, shopping, dining, and major commuter routes. Exterior/showings of lot only.

Home Facts

Multi-Family

3 Baths

3 Bedrooms

Built in 1973

Price Summary

575,000

$298 per Sq. Ft.

MLS #:

10161071

Last Updated:

July 18, 2026, 12:14 PM

Added:

3 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

1,924 Sq. Ft.

Structure

Structure

Architectural Style:

Traditional

Building Area:

1,924 Sq. Ft.

Year Built:

1973

Lot

Lot Size (Sq. Ft):

13,504

Finances & Disclosures

Finances

Price:

$575,000

Price per Sq. Ft:

$298 per Sq. Ft.

5605 North Hills Drive

KP

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Kathy Peterson

(919) 217-9936

(919) 217-9936

Contact
MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.