Capitol Heights Homes with Wake - Conn Elementary Elementary School

Capitol Heights Homes with Wake - Conn Elementary Elementary School

Welcome to Capitol Heights, a charming subdivision nestled in the vibrant city of Raleigh, North Carolina. This delightful community is situated in Wake County, offering residents the perfect blend of suburban tranquility and urban convenience. With its tree-lined streets and friendly atmosphere, Capitol Heights is not just a place to live; it’s a place to call home.

One of the standout features of this neighborhood is its proximity to Wake - Conn Elementary School, making it an ideal choice for families with young children. Parents will appreciate the school’s commitment to fostering a nurturing and educational environment, ensuring that their little ones receive a quality education right in their own backyard. The school’s dedicated staff and engaging curriculum are just a few of the reasons why families choose to settle in Capitol Heights.

The homes in Capitol Heights are as diverse as the families that reside here, showcasing a variety of architectural styles that cater to different tastes and preferences. Whether you’re looking for a cozy bungalow or a spacious family home, this subdivision has something for everyone. The community’s well-maintained yards and inviting outdoor spaces provide the perfect backdrop for family gatherings and neighborhood barbecues.

Living in Capitol Heights means enjoying the best of Raleigh, with easy access to parks, shopping, and dining options. The vibrant downtown area is just a short drive away, offering a plethora of entertainment choices, from art galleries to gourmet restaurants. Experience the charm of Capitol Heights and discover why so many families choose to make this wonderful community their home.

Newest Capitol Heights Homes with Wake - Conn Elementary Elementary School

$625,000
8 Beds ⋅ 2 Baths ⋅ 10180777 MLS ⋅ ACTIVE Status
Exceptional opportunity to acquire a cash-flowing asset in one of Raleigh's most desirable and rapidly evolving urban neighborhoods. Located at 700 Glascock Street, this income-producing property sits on a highly visible corner lot comprising approximately 0.22 acres and offers investors immediate returns alongside compelling long-term redevelopment potential. The property is zoned R-10 and positioned within one of Raleigh's most active redevelopment corridors. Surrounded by luxury new construction and high-end infill development, the site is ideally situated to benefit from continued neighborhood growth and increasing land values. Currently operating as an 8-room income-producing property generating approximately $62,700 in annual gross income ($5,225/month), the asset benefits from strong rental demand and flexible month-to-month occupancy agreements. The property has been well maintained and improved, with major updates already completed, including a new roof in 2023; HVAC systems installed in 2019; furnaces replaced in 2018 and 2019; a hot water heater installed in 2019; updated bathrooms and kitchen cabinetry in 2023; new windows installed in 2024 and 2025; new gutters in 2025; and fresh interior and exterior paint completed in 2025. Public water and sewer service, along with approximately 10 off-street parking spaces, further enhance the property's functionality and appeal. Beyond the property's income potential, the location offers the highly desirable lifestyle amenities driving demand throughout Downtown Raleigh's urban core. Residents are close to a growing collection of restaurants, retail destinations, and neighborhood gathering spots while enjoying convenient access to Oakwood Park, Gateway Plaza, area schools, greenway trails, and public transit. A nearby dog park and numerous recreational amenities further enhance the area's appeal. The combination of connectivity, and the city's sought-after "live, work, play" lifestyle makes this location particularly attractive to both tenants and long-term investors. Whether pursuing stable cash flow, a value-add investment strategy, land banking, or future redevelopment, 700 Glascock Street offers multiple paths to value creation in one of Raleigh's strongest growth markets. Opportunities combining current income, corner-lot positioning, and proximity to Downtown Raleigh are increasingly difficult to find.

700 Glascock St, Raleigh
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .