5101 Memory Rd
Raleigh, NC 27609
Falls of Neuse- 3 Beds
- 1 Bath
- 1,348 sqft (on 0.41 acres)
3 Beds
1 Bath
1,348 sqft
(on 0.41 acres)
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1958
Lot Size
0.41 acres
Living Area
1,348 sqft
Price/Sqft
$361
HOA
None
About this House
Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Property is vacant, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5105 Memory Rd as a simuataneous closing/transaction--seeMLS-2532285 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.
5101 Memory Rd, Raleigh, NC 27609 is a 3 bedroom, 1 bathroom, 1,348 sqft single-family home in Falls of Neuse, built in 1958. It last sold for $475,000 on Mar 28, 2024 (14% below the $550,000 asking price). It is currently off market. The Trulia Estimate is $487,100, with a rent estimate of $2,083/month.
Home Details for 5101 Memory Rd
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Interior Details Basement: Crawl SpaceNumber of Rooms: 5 |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 1348 Square Feet |
Heating & Cooling Heating: NoneNo CoolingAir Conditioning: NoneNo Heating |
Fireplace & Spa Number of Fireplaces: 1Has a Fireplace |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Vinyl |
View Has a View |
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Exterior Home Features No Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Concrete,Driveway |
Frontage Not on Waterfront |
Finished Area Finished Area (above surface): 1348 Square Feet |
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Year Built Year Built: 1958 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialStructure Type: Site BuiltArchitecture: Bungalow |
Building Construction Materials: BrickNot a New Construction |
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Price List Price: $550,000 |
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MLS Status: Closed |
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Direction & Address City: RaleighCommunity: Not in a Subdivision |
School Information Elementary School: Wake - MillbrookJr High / Middle School: Wake - East MillbrookHigh School: Wake - Millbrook |
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Building Area Building Area: 1348 Square Feet |
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No HOA |
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Lot Area: 0.41 acres |
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Mls Number: 2532283Above Grade Unfinished Area: 1348 |
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Source Internet Entire Listing Display |
Last check for updates: about 21 hours ago
Listed by Philip Layton, (919) 740-3324
Market-One Realty, LLC
Bought with: Dana Lemon, (706) 224-1517, Property Specific, LLC
Source: Doorify MLS, MLS#2532283

Price History for 5101 Memory Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 03/28/2024 | $475,000 | Sold | Doorify MLS #2532283 |
| 12/20/2023 | $550,000 | Pending | Doorify MLS #2532283 |
| 09/14/2023 | $550,000 | Listed For Sale | Doorify MLS #2532283 |
| 08/17/2023 | ListingRemoved | Doorify MLS #2526694 | |
| 08/12/2023 | $550,000 | Listed For Sale | Doorify MLS #2526694 |
Market trends in Raleigh
Last updated June 2026
Avg. sale price
$432K
$4.75KMoM
Sale-to-List Price
98.9%
0.3%MoM
Price per sq ft
$234
$3MoM
Available listings
2183
10MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,943 |
| Assessment | $335,120 |
Home facts updated by county records
Comparable Sales for 5101 Memory Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.44 | Single-Family Home | $450,000 | 02/09/26 | 3 | 2 | 1,874 | |
0.29 | Single-Family Home | $670,000 | 05/29/26 | 3 | 3 | 1,937 | |
0.33 | Single-Family Home | $575,000 | 07/21/26 | 5 | 4 | 3,969 | |
0.34 | Single-Family Home | $537,000 | 05/05/26 | 4 | 2.5 | 2,774 | |
0.31 | Single-Family Home | $615,000 | 10/16/25 | 4 | 3 | 2,482 | |
0.24 | Single-Family Home | $690,000 | 04/30/26 | 4 | 3.5 | 2,071 | |
0.50 | Single-Family Home | $650,000 | 10/22/25 | 3 | 2.5 | 1,790 | |
0.80 | Single-Family Home | $520,000 | 04/23/26 | 3 | 2 | 1,594 | |
0.44 | Single-Family Home | $600,000 | 03/23/26 | 4 | 2.5 | 2,609 | |
0.77 | Single-Family Home | $450,000 | 10/08/25 | 3 | 1.5 | 1,326 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 5101 Memory Rd.
What Locals Say about Falls of Neuse
At least 102 Trulia users voted on each feature.
90 % Say it's dog friendly
84 % Say car is needed
83 % Say there are sidewalks
75 % Say there's holiday spirit
73 % Say it's walkable to grocery stores
72 % Say streets are well-lit
71 % Say people would walk alone at night
70 % Say parking is easy
68 % Say it's walkable to restaurants
63 % Say it's quiet
62 % Say kids play outside
60 % Say yards are well-kept
52 % Say they plan to stay for at least 5 years
46 % Say there's wildlife
42 % Say neighbors are friendly
33 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 5101 Memory Rd
Off Market Homes Near 5101 Memory Rd
Frequently asked questions about 5101 Memory Rd
- What is 5101 Memory Rd estimated to be worth?Trulia's estimated value for 5101 Memory Rd in Raleigh, NC is $487,100.
- What is the price history for 5101 Memory Rd?5101 Memory Rd in Raleigh, NC last sold for $475,000 in March 2024.
- Is Raleigh a buyer's or seller's market?Raleigh is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Raleigh?The median sale price in Raleigh is $432K. That is up $4.75K from the prior month.
- How big is the lot at 5101 Memory Rd?The lot at 5101 Memory Rd in Raleigh, NC is about 0.41 acres (17,860 sq ft).
- Does 5101 Memory Rd have parking?Yes, 5101 Memory Rd in Raleigh, NC has on-site parking.

The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.

