This special property on a desirable .35-acre corner lot offers a rare opportunity in one of Raleigh's premier locations. Set in an exceptional, walkable neighborhood near parks, the Village District, the Rose Garden, Hillsborough Street, and NC State, the home provides wonderful flexibility for today's lifestyle and tomorrow's vision. Thoughtfully updated over time, the home features open living spaces, hardwood floors throughout, a stylish, functional kitchen with granite countertops and stainless steel appliances and a newer roof (2024). The basement offers a finished recreation room with a full-sized bar, creating valuable bonus space beyond the main finished square footage. Whether you choose to further update and personalize the existing home or explore the opportunity to build your dream home, this property offers outstanding potential in a highly sought-after setting. Laundry currently in basement but could easily be moved upstairs into the former "kitchenette" space to make a generous main level laundry room! A rare two-car garage and existing elevator shaft add even more possibility, including potential adaptation for multi-generational living (Note: the built-in elevator has not been used for several decades, but the space remains for a future owner to evaluate and reimagine). Come explore the possibilities of this unique property in an unbeatable Raleigh location.