Prime Raleigh Investment & Lifestyle Opportunity. Discover a rare 4-bedroom, 3-bath modern home in one of Downtown Raleigh's most desirable and walkable neighborhoods-just steps from Transfer Co. Food Hall, Moore Square, and Fayetteville Street. Perfect for both investors and primary buyers, this property combines luxury design, strong rental income potential, and long-term appreciation. Eligible for Airbnb, short-term, or mid-term rentals, this versatile property includes two connected units, offering flexible living arrangements or dual-income options. Interior highlights: Wide-plank herringbone hardwood floors and custom tilework throughout Samsung Bespoke appliances, gas range, and sleek modern kitchen Private primary balcony and rooftop terrace with skyline views Five-zone HVAC, tankless water heater, and metal roof for efficiency and low maintenance Enjoy urban living at its best-walk to restaurants, breweries, coffee shops, entertainment venues, and green spaces. This home's unbeatable location ensures consistent demand and strong rental returns. Investor advantage: Take full advantage of the 100% bonus depreciation available in 2025, turning this purchase into a powerful tax-advantaged real estate investment. Whether expanding your STR portfolio or looking for a modern downtown residence, this property delivers location, design, and income potential in one exceptional package. Visit for details or to schedule a tour.
Property Features
Bedrooms
- Bedrooms: 4
- Primary Bedroom Level: Second
- Bedroom 2 Level: Main
- Bedroom 3 Level: Second
- Bedroom 4 Level: Third
Other Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Primary Bathroom Level: Second
Heating and Cooling
- Cooling Features: Central Air, Heat Pump, Zoned
- Heating Features: Forced Air, Heat Pump
- Heating: Yes
Interior Features
- Flooring: Hardwood, Slate, Tile
Land Info
- Lot Size Acres: 0.13
- Lot Size Square Feet: 5663
Exterior and Lot Features
- Road Maintenance: Public Maintained Road
Garage and Parking
- Open Parking Spaces: 2
- Open Parking: Yes
- Parking Total: 2
Homeowners Association
- Association: Yes
- Association Fee: 133
- Association Fee Frequency: Monthly
- Association Fee Includes: Insurance, Pest Control
- Calculated Total Monthly Association Fees: 133
- Association Name: Alston Urban Residences HOA
- Association Phone: 9190000000
School Information
- Elementary School: Wake County Schools
- High School: Wake County Schools
- Middle School: Wake County Schools
Other Property Info
- Standard
- Annual Tax Amount: 4500
- Source Listing Status: Active
- County: Wake
- Directions: From downtown turn on Davie St, Turn right on Alston St, first building on left hand side
- Tax Year: 2025
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Not in a Subdivision
- Parcel Number: 1713076184
- Postal Code Plus 4: 2011
- Subdivision: Not in a Subdivision
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 2102
- Year Built: 2025
- Above Grade Finished Area: 2102
- BelowGradeFinishedArea: 0
- Building Area Total: 2102
- Construction Materials: Block, Fiber Cement
- Foundation Details: Concrete Perimeter
- Levels: Three Or More
- New Construction: Yes
- Roof: Metal
- Levels or Stories: 3
- Structure Type: Duplex, Site Built
- Total Above Grade Sqft Area: 2102
- Total Area Sqft: 2102
- Year Built Effective: 2025
- Architectural Style: Contemporary, Modern
Utilities
- Sewer: Public Sewer
- Water Source: Public