511 E Franklin St, Raleigh, NC 27604
OFF MARKET

511 E Franklin St
Raleigh, NC 27604

Mordecai
  • Studio
  • 2 Baths
  • 2,160 sqft (on 0.27 acres)

$992,600

Trulia Estimate
as of Aug 16, 2026
Est. Refi. Payment $5,672/mo*
Refinance Your Home

$992,600

Trulia Estimate
as of Aug 16, 2026
Est. Refi. Payment $5,672/mo*
Refinance Your Home
Studio
2 Baths
2,160 sqft
(on 0.27 acres)

Home Value

Trulia Estimate
$993K
Since last month
Decreased$25K (-2.4%)
Since last year
Decreased$24K (-2.4%)
Since last sale
Increased$896K (+942.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +63% in the last 10 years
MonthEstimated value
2026
August 2026$991K
July 2026$997K
June 2026$1.02M
May 2026$1.03M
April 2026$987K
March 2026$979K
February 2026$960K
January 2026$941K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
816 N Bloodworth St, Raleigh, NC
0.10
Single-Family Home
$740,000
05/15/26
3
2
1,740
518 Holden St, Raleigh, NC
0.03
Single-Family Home
$642,000
07/01/26
3
2
1,359
605 Polk St, Raleigh, NC
0.27
Single-Family Home
$865,000
03/31/26
3
2
1,899
519 Holden St, Raleigh, NC
0.06
Single-Family Home
$620,000
07/30/26
2
2
1,282
516 N East St, Raleigh, NC
0.24
Single-Family Home
$1,264,000
04/14/26
3
2.5
2,385
530 Elm St, Raleigh, NC
0.18
Single-Family Home
$887,000
11/21/25
3
2
1,839
704 E Franklin St, Raleigh, NC
0.15
Single-Family Home
$500,000
05/06/26
2
1,221
907 Elm St, Raleigh, NC
0.14
Single-Family Home
$600,000
07/27/26
3
2
1,319
214 Lafayette Rd, Raleigh, NC
0.28
Single-Family Home
$600,000
05/26/26
3
2
1,192
506 Glascock St, Raleigh, NC
0.32
Single-Family Home
$875,000
06/11/26
4
2.5
2,098

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
516 E Franklin St, Raleigh, NC 27604
0.03
$779,500
4
2.5
2,188
Off Market
518 Holden St, Raleigh, NC 27604
0.03
$642,000
3
2
1,359
Recently Sold
515 Pace St, Raleigh, NC 27604
0.06
$1,213,300
4
3.5
3,113
Off Market
504 Holden St, Raleigh, NC 27604
0.07
$908,000
3
2.5
1,780
Off Market
601 E Franklin St, Raleigh, NC 27604
0.03
$790,100
2
2
1,874
Off Market
515 Holden St, Raleigh, NC 27604
0.06
$509,300
2
2
1,116
Off Market
808 Elm St, Raleigh, NC 27604
0.04
$1,325,000
4
3.5
3,042
Off Market
519 Holden St, Raleigh, NC 27604
0.06
$620,000
2
2
1,282
Recently Sold
606 E Franklin St, Raleigh, NC 27604
0.06
$841,600
3
2
1,483
Off Market
816 N Bloodworth St, Raleigh, NC 27604
0.10
$740,000
3
2
1,740
Recently Sold
816 N Bloodworth St #1, Raleigh, NC 27604
0.10
$740,000
-
-
-
Recently Sold
608 E Franklin St, Raleigh, NC 27604
0.07
$857,800
2
2
1,415
Off Market

Local Information

  • Map ViewExplore the area around 511 E Franklin St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1924
Lot Size
0.27 acres
Living Area
2,160 sqft
Price/Sqft
$460
Parking
Garage

About this House

This single-family home is located at 511 E Franklin St, Raleigh, NC. 511 E Franklin St is in the Mordecai neighborhood in Raleigh, NC and in ZIP code 27604. This property has 2 bathrooms and approximately 2,160 sqft of floor space. This property has a lot size of 0.27 acres and was built in 1924.
511 E Franklin St, Raleigh, NC 27604 is a studio, 2 bathroom, 2,160 sqft single-family home in Mordecai, built in 1924. It last sold for $95,000 on Jan 18, 1990. It is currently off market. The Trulia Estimate is $992,600, with a rent estimate of $3,485/month.

Home Details for 511 E Franklin St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2
Interior Details
Number of Rooms: 10
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1924Year Updated: 1980
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Exterior Features

Exterior Home Features
Exterior: Wood
Parking & Garage
GarageParking: Garage

Community

Units in Building: 1

Lot Information

Lot Area: 0.27 acres

Price and Tax history

DateEventPrice
Jan 18, 1990
Source: N/A
Sold
$95,000

Market trends in Raleigh

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$440K
$8.33KMoM
Sale-to-List Price
98.9%
Price per sq ft
$235
$1MoM
Available listings
2216
26MoM
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Around this home

Neighborhood Overview

Mordecai
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Mordecai

At least 35 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 91 % Say it's walkable to restaurants

  • 90 % Say there are sidewalks

  • 83 % Say car is needed

  • 79 % Say parking is easy

  • 78 % Say people would walk alone at night

  • 72 % Say there's holiday spirit

  • 69 % Say kids play outside

  • 69 % Say neighbors are friendly

  • 69 % Say it's quiet

  • 66 % Say yards are well-kept

  • 57 % Say streets are well-lit

  • 56 % Say they plan to stay for at least 5 years

  • 48 % Say there's wildlife

  • 38 % Say there are community events

  • 24 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Lots of parks and sidewalks to walk pets without harassment from local residents. Restaurants nearby also happily accommodate pets with outdoor seating"
    1
    Flag
  • Sarah G.
    "There are public transit locations all around my neighborhood and great shops and local restaurants within walking distance. A great, quaint neighborhood with lots of young families. "
    0
    Flag
  • Pamela L.
    "Very close knit historic community with unique original architecture. I love the community feeling I get when talking to my neighbors. It’s like we are a large family "
    5
    Flag
  • Ledguitar73
    "Safe for kids to ride bikes after dark, just like an old school neighborhood. Also regular potlucks at the Mordecai house."
    0
    Flag
  • Carameljeng
    "It’s quite and no crimes here . There is no issue with the neighbors , and it’s child friendly . You leave here for years with no issue of an sort"
    3
    Flag

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Homes for sale near 511 E Franklin St

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Off Market Homes Near 511 E Franklin St

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Frequently asked questions about 511 E Franklin St

  • What is 511 E Franklin St estimated to be worth?
    Trulia's estimated value for 511 E Franklin St in Raleigh, NC is $992,600.
  • What is the price history for 511 E Franklin St?
    511 E Franklin St in Raleigh, NC last sold for $95,000 in January 1990.
  • 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 $440K. That is up $8.33K from the prior month.
  • How big is the lot at 511 E Franklin St?
    The lot at 511 E Franklin St in Raleigh, NC is about 0.27 acres (11,761 sq ft).
  • Does 511 E Franklin St have a garage?
    Yes, 511 E Franklin St in Raleigh, NC has a garage.