1602 Malta Avenue, Raleigh NC
- 4 Bed
- 2 Bath
- 1196 ft2
- 0.1 ac
For Sale $240,000
Remarks:
Opportunity knocks at 1602 Malta Ave in Raleigh! This 4-bedroom, 2-bath home offers 1,196 sqft of potential in one of Raleigh’s fastest growing areas. Built in 1998, this property is primed for a full renovation or redevelopment play. R-10 Zoning and lot width allows for a large single family or duet-style two-unit townhome build (confirmed with Raleigh Development). With an estimated flip ARV of $425,000 and nearby new builds selling above $1M , this is a strong value-add opportunity for investors looking to capitalize on the area’s rapid appreciation. Whether you’re planning a fix-and-flip or exploring new construction potential, the upside here is undeniable. Full inspection report available—bring your contractor and your vision!
General Information:
| List Price: | $240,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1196 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4358614 |
| Subdivision: | None |
| Style: | Ranch |
| Bathrooms: | 2 |
| Year Built: | 1998 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-04-2026 | Listed | $240,000 | $201 |
| 04-03-2026 | Listed | $299,000 | $250 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Fuller Elementary | 1 miles | KG-05 | 7 |
| Washington Elementary | 2 miles | KG-05 | 8 |
| The Exploris School | 2 miles | KG-06 | 9 |
| Powell Elementary | 2 miles | PK-05 | 4 |
| Hope Charter Leadership Academy | 2 miles | KG-05 | 1 |
| Partnership Elementary | 2 miles | KG-05 | 5 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1602 Malta Avenue, Raleigh NC | 0 mi | $240,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 27610
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Realty One Group Revolution
1602 Malta Avenue, Raleigh NC is a 1196 ft2 on a 0.140 acres Appraisal lot. This is for $240,000. This has 4 bedrooms, 2 baths, and was built in 1998.
Based on information submitted to the MLS GRID as of 2026-05-04 10:10:20 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
