632 E Franklin St, Raleigh, NC 27604

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $161 per day and long-term for an average of $2,049 per month, based on similar listings in the area. Estimated short-term cap rate of -2.5%. Estimated long-term cap rate of -3.8%. This quintessential historic craftsman bungalow is nestled on a picturesque corner lot at the edge of Historic Oakwood, blending timeless charm with modern comforts. Original architectural details include shingle gabled ends, exposed rafter tails, and double-hung 4/1 wood windows that preserves its rich character, while a new roof and complete exterior painting (Nov. 2023) ensure lasting beauty. Inside, 10' ceilings, original hardwood floors, and plaster walls set the stage for warm and inviting living spaces. The original fireplace and mantle, now enhanced with a gas insert serve as a cozy focal point. The home also features a partially floored attic and an unfinished basement with interior access and a separate walk-out entrance, offering excellent storage or expansion potential. Architectural sketch available for an additional bathroom as well! Enjoy outdoor living from the charming front porch, a private screened-in back porch, and a rear brick patio, all surrounded by a wood-fenced backyard with gated access from Watauga and E. Franklin. A paved driveway accommodates three vehicles, and mature trees, lush plantings, and vibrant shrubbery add to the home's serene setting. Unfinished walk-out basement ready to be finished. Just steps from shops, restaurants, and nightlife, this home offers the perfect balance of historic charm and urban convenience in one of Raleigh's most sought-after neighborhoods. Don't miss this rare opportunity to own a piece of Oakwood's storied history!