$294,900
3 Bed · 2 Bath · 1,050 Sq Ft
3BR/2BA fixer with hardwood floors and investment upside in Bentley Woods
3
Beds
2
Baths
1,050
Sq Ft
1970
Built
0.33 acres
Lot
1-car carport
Garage
This single-story brick ranch sits on a generous 0.33-acre parcel in Raleigh's established Bentley Woods neighborhood — a rare combination of level yard space and central location. The exterior reads solid and traditional; inside you'll find original hardwood in the living areas and bedrooms paired with luxury vinyl plank in the kitchen and baths. The home was built in 1970 and retains classic ranch proportions: compact, efficient rooms on a single level, a covered carport, and ample backyard for gardening, play, or an addition (subject to zoning).
The interior needs renovation but contains practical bones that will reward a thoughtful update. A central living room anchors the plan with hardwood underfoot, while the kitchen and bathrooms already feature durable LVP that simplifies immediate occupancy or rental. A high-efficiency HVAC system provides modern comfort and helps reduce near-term capital outlay. With roughly 1,050 square feet, the layout is approachable for first-time buyers, downsizers, or investors looking to renovate and re-rent.
Investors will note the recent rental history: the property produced $1,850/month in July 2025, translating to a solid gross yield relative to the current list price. Comparable sales in the area suggest an estimated market value range of $260,000–$290,000, placing this listing within striking distance of local market norms depending on scope of updates. Renovation dollars focused on the kitchen, baths, and cosmetic finishes can materially increase resale or rental upside in a neighborhood seeing steady appreciation.
Location is a key asset: Triangle Town Center shopping is about 2.5 miles away, Wake Tech is roughly 1.2 miles, and Durant Nature Preserve sits near 3.0 miles for weekend trails and green space. Wake County Public Schools serve the lot with Fox Road Elementary (5/10), Wakefield Middle (8/10), and Wakefield High (8/10). Buyers with renovation plans should confirm lot boundaries and complete a full inspection and roof assessment, but for those willing to invest, this brick ranch delivers a durable canvas and a strong, centrally located footprint in Raleigh.
Bentley Woods offers a quietly established suburban character with roomy yards and mature streetscapes. Residents appreciate quick access to Triangle Town Center for shopping and restaurants, Wake Tech for continuing education and community events, and Durant Nature Preserve for outdoor recreation. The neighborhood is family-oriented with solid middle and high school options, while short commutes to major employment corridors keep daily life convenient. This is a block where renovation projects translate into equity gains because upgraded homes are in steady demand.
The local market around 27616 is currently balanced but favors sellers modestly: inventory sits low at about 2.5 months while average days on market hover around 30 days. The one-year appreciation rate is approximately 5%, with a five-year gain near 25%, and a median sale price in the area around $280,000. For single-family ranches similar to this one, buyers will find steady demand driven by proximity to retail, community college campuses, and suburban employment centers. Comparable sales in the immediate area vary — historical sales from this block show prices from roughly $106k (2005) up to $300k for renovated ranches in recent years, placing realistic value for a renovated 3BR between $260k and $290k. Inventory and days-on-market suggest that competitively priced, updated homes sell quickly; meanwhile, homes needing work can be attractive to investors because rental demand is healthy (the subject previously leased at $1,850/month). For buyers: this is a favorable time to acquire a renovator’s property if you can act decisively and budget appropriately for improvements. For sellers: properly staged updates and modest price adjustment to reflect condition could shorten market time and capture current buyer appetite.
Fox Road Elementary
Elementary
Wakefield Middle
Middle
Wakefield High
High
Solid access to outdoor recreation: Durant Nature Preserve is about 3 miles away for hiking and trails, Triangle Town Center provides shopping and services nearby, and Wake Tech campus amenities are within 1.2 miles.
A 3-bedroom ranch in a growing Raleigh neighborhood, offering potential for value appreciation post-renovation. Suitable for investors seeking rental income or homeowners looking for a project.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$260K
Midpoint
$275K
High
$290K
$261.9/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for condition and lot size. Assessed value of $240,544 appears below market.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Steady population growth with increasing property values. Walkability Rating estimate: 50/100.
Close proximity to shopping centers, educational institutions, and recreational areas.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$1.76/SF
Rented at $1,850/month
$100.95/SF
Sold in 2005
Looking to buy or sell? Connect with a licensed local agent who knows this area.
Request a ShowingYour inquiry will be connected with a licensed local real estate professional through our brokerage partner.
No agency is currently featured for this market. Join the CompCasa Local Partner Program to get your brokerage placed on property pages like this one.
Learn About the Partner ProgramCompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.