502 Freeman St, Raleigh, NC 27601
Property image
Property image
OFF MARKET

502 Freeman St
Raleigh, NC 27601

South Central
  • 3 Beds
  • 2 Baths
  • 1,235 sqft

$480,700

Trulia Estimate
as of Jul 30, 2026
Est. Refi. Payment $2,800/mo*

$480,700

Trulia Estimate
as of Jul 30, 2026
Est. Refi. Payment $2,800/mo*
3 Beds
2 Baths
1,235 sqft

Local Information

  • Map ViewExplore the area around 502 Freeman St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Living Area
1,235 sqft
Price/Sqft
$389

About this House

This property is available now! Less than a mile to downtown Raleigh, Transfer Co. Food Hall, Moore Square, Redhat, IMAX/Marbles Museum and much more!

Remodeled in 2019, this downtown craftsman style ranch home with added Primary Suite is just a minutes walk to downtown!

1,235 square feet 3 Bed, 2 Bath

Amenities include:
Stainless-steel appliances
Gas Range
Granite countertops
Large, 200 sq ft Front Porch
Off-street parking
Washer/dryer
Hickory hardwood floors
Granite/tile/marble bathrooms

Tenant responsible for all utilities: gas, electric, water, cable/internet
502 Freeman St, Raleigh, NC 27601 is a 3 bedroom, 2 bathroom, 1,235 sqft single-family home in South Central. It last sold for $192,500 on Jun 21, 2018 (9,525% above the $2,000 asking price). More recently, it was listed as a rental in May 2026 with an asking price of $2,300 per month. That rental listing was removed on July 29, 2026. It is currently off market. The Trulia Estimate is $480,700, with a rent estimate of $2,297/month.

Home Details for 502 Freeman St

Interior Features

Heating & Cooling
Heating: CentralAir ConditioningCooling System: Air Conditioner, Central AirHeating Fuel: Central
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Price History for 502 Freeman St

DatePriceEventSource
07/29/2026$2,000ListingRemovedZillow Rentals
07/22/2026$2,000PriceChange
Zillow Rentals
05/06/2026$2,300Listed For RentZillow Rentals
05/27/2024ListingRemovedZillow Rentals
05/02/2024$2,300Listed For RentZillow Rentals
08/12/2021ListingRemovedZillow Rental Manager
07/31/2021$2,300Listed For RentZillow Rental Manager
07/01/2021ListingRemovedZillow Rental Manager
06/24/2021$2,300Listed For RentZillow Rental Manager
05/24/2021ListingRemovedZillow Rental Manager
05/19/2021$2,200Listed For RentZillow Rental Manager
03/24/2021ListingRemovedN/A
07/09/2019$1,975ListingRemovedN/A
06/07/2019$1,975PriceChange
N/A
05/20/2019$2,000Listed For RentN/A
06/21/2018$192,500Sold
N/A

Market trends in Raleigh

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$432K
$4.75K
MoM
Sale-to-List Price
98.9%
0.3%
MoM
Price per sq ft
$234
$3
MoM
Available listings
2183
10
MoM
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Property Tax and Assessment

Year2025
Tax$4,166
Assessment$475,440
Home facts updated by county records

Comparable Sales for 502 Freeman St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.20
Single-Family Home
$337,500
03/24/26
3
2
1,215
0.16
Single-Family Home
$475,000
09/26/25
3
2
1,080
0.11
Single-Family Home
$575,000
07/17/26
3
2
1,546
0.41
Single-Family Home
$212,000
06/08/26
3
1.5
988
0.20
Single-Family Home
$505,000
08/19/25
3
2
1,066
0.19
Single-Family Home
$510,000
06/24/26
3
2
1,634
0.11
Single-Family Home
$280,000
04/16/26
2
1
1,150
0.12
Single-Family Home
$370,000
11/21/25
3
1
960
0.04
Single-Family Home
$655,000
07/17/26
3
2.5
1,704
0.29
Single-Family Home
$248,000
01/12/26
3
1
1,131

Nearby homes

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Assigned Schools

These are the assigned schools for 502 Freeman St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about South Central

At least 35 Trulia users voted on each feature.
  • 86 % Say it's dog friendly

  • 85 % Say parking is easy

  • 83 % Say there are sidewalks

  • 76 % Say there's holiday spirit

  • 72 % Say streets are well-lit

  • 69 % Say yards are well-kept

  • 67 % Say car is needed

  • 66 % Say neighbors are friendly

  • 62 % Say kids play outside

  • 61 % Say they plan to stay for at least 5 years

  • 58 % Say it's walkable to restaurants

  • 58 % Say people would walk alone at night

  • 58 % Say there are community events

  • 38 % Say there's wildlife

  • 38 % Say it's quiet

  • 31 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Best neighborhood in Raleigh. New cool modern homes everywhere! Good food also ! Lots of very friendly dogs "
  • Trulia User
    "I lived in this part of Raleigh 10 years ago. Has a small feeling with big city accommodations. The streets and parks are clean and safe to enjoy with the family."
  • Raul D.
    "A dangerous part of town that’s cheap and affordable. I live here because it’s affordable. Not the ideal place or neighborhood I’d like to be in. "
  • Dlbennet
    "I have lived in this area for the past 4 years and have really enjoyed it. On days with nice weather my wife and I consistently walk to the area around Raleigh Times and have a drink or just enjoy the area. Lots to do and see and there is always something going on. Crime has been no more of a problem for me than when I lived in Cary and all the extra entertainment and convenience really makes it a fun place to live. "

LGBTQ Local Legal Protections

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Homes for sale near 502 Freeman St

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Off Market Homes Near 502 Freeman St

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