Capitol Heights Homes for Sale

Capitol Heights Homes for Sale

Welcome to Capitol Heights, a charming subdivision nestled in the heart of Raleigh, North Carolina. This vibrant community is perfectly positioned in Wake County, offering residents the perfect blend of suburban tranquility and urban convenience. With its tree-lined streets, friendly neighbors, and a strong sense of community, Capitol Heights is an ideal place for families, professionals, and retirees alike.

Capitol Heights boasts a variety of homes for sale that cater to diverse lifestyles and preferences. Whether you’re seeking a cozy bungalow, a modern townhome, or a spacious single-family residence, you’ll find a wealth of options that fit your needs. Many of these homes feature contemporary designs, open floor plans, and inviting outdoor spaces, perfect for entertaining or enjoying a quiet evening under the stars.

Living in Capitol Heights means you’re just minutes away from downtown Raleigh, where you can explore an array of dining, shopping, and entertainment options. Enjoy the local parks, take advantage of the nearby greenways, or immerse yourself in the rich cultural scene that Raleigh has to offer. With excellent schools and convenient access to major highways, commuting to work or school is a breeze.

If you’re looking for a community that embodies the spirit of Southern hospitality while offering modern amenities, Capitol Heights is the place for you. Explore our current listings of homes for sale and discover the opportunity to become part of this welcoming neighborhood. Your dream home awaits in Capitol Heights!

Newest Capitol Heights Homes for Sale

$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 .