Oakwood Homes with Basement

Welcome to Oakwood, a picturesque subdivision nestled in the heart of Raleigh, North Carolina. Known for its vibrant community spirit and lush landscapes, Oakwood is the perfect blend of suburban tranquility and urban convenience. This charming neighborhood is characterized by its tree-lined streets, beautifully maintained parks, and a welcoming atmosphere that makes it ideal for families, young professionals, and retirees alike.

One of the standout features of Oakwood is its stunning homes, many of which come equipped with spacious basements. These versatile spaces can serve a multitude of purposes—be it a cozy family room, a home gym, or an entertainment area for hosting friends and family. The basements not only provide additional living space but also offer ample storage options, making them a practical choice for homeowners.

Living in Oakwood means enjoying easy access to Raleigh's vibrant downtown, where you can indulge in a variety of dining, shopping, and cultural experiences. The subdivision is also conveniently located near top-rated schools, making it an attractive option for families seeking quality education for their children. With a strong sense of community, residents often come together for neighborhood events and activities, fostering lasting friendships and a sense of belonging.

If you’re looking for a home that combines comfort, style, and functionality, Oakwood is the perfect place to call home. Discover the charm of this delightful subdivision and explore the myriad of homes with basements that offer endless possibilities for your lifestyle. Welcome to Oakwood, where your dream home awaits!

Newest Oakwood Homes with Basement

$360,000

3 Beds ⋅ 3 Baths ⋅ 10181092 MLS ⋅ ACTIVE Status

This beautifully updated 3-bedroom, 2.5-bathroom ranch-style home combines classic one-story convenience with fresh, contemporary design. The heart of the home features tons of light in a renovated open-concept floor plan where the kitchen, dining, and living areas flow together seamlessly, creating an inviting space perfect for effortless entertaining. There are three spacious bedrooms, including newly renovated primary and secondary bathrooms. Step outside to find massive, front and back yards that offer an incredible space for outdoor living, gardening, or weekend barbecues. Situated in a highly accessible Knightdale neighborhood, this move-in-ready gem is just minutes from local parks, shopping, and dining, with exceptionally quick access to I-540, Highway 64, and Highway 87 for an easy commute.

224 Faison Dr, Knightdale

$945,000

6 Beds ⋅ 4 Baths ⋅ 10172819 MLS ⋅ ACTIVE Status

Captivating 1925 Craftsman Bungalow in Downtown Raleigh's Oakwood Community! Steeped in history and brimming with architectural integrity, this circa 1925 Craftsman bungalow offers a rare blend of timeless character and modern versatility. Situated in one of Downtown Raleigh's most prestigious and architecturally significant neighborhoods, this home stands as a beautiful testament to a century of craftsmanship - now thoughtfully updated for contemporary living. From the street, the home captivates with classic Craftsman appeal. Inside, the main and upper levels greet you with the grandeur of a bygone era: original hardwood floors, intricate historic millwork, and sun-drenched living spaces. The 100-year heritage of the property has been meticulously preserved while seamlessly integrating modern conveniences, featuring contemporary finishes and an open, airy layout that is absolutely perfect for entertaining. One of the property's most remarkable features is the fully finished daylight basement. Far from a typical cellar, this "Garden Suite" is a refined, independent living space that offers endless possibilities to suit your lifestyle. Multigenerational Living: An ideal, private setup for extended family or long-term guests who want autonomy. The Ultimate Au Pair or Guest Suite: A sophisticated urban oasis complete with its own kitchen, laundry facilities, and living quarters. Passive Income Potential: With a completely separate ground-level entrance and private patio, it serves as a premium, self-contained rental unit that keeps your primary living quarters entirely private. Optional Triplex Configuration: Apart from the Garden Suite Basement, the main and upper levels can be easily sectioned off and rented to tenants and guests as private apartments. While the home isn't metered separately, each level has its own kitchen or kitchenette, laundry, and living spaces. Beyond the rocking chair front porch, you are just steps away from the very best of Raleigh. Oakwood's tree-lined streets offer a peaceful, neighborhood feel while keeping you effortlessly close to top-tier dining, local galleries, boutiques, and the vibrant energy of the city center. Parking is no longer an issue, either, with a driveway deep enough for more than 3 vehicles to park off-street. When you want to relax at home, the property sits on an oversized downtown lot, providing a lush, private backyard sanctuary and an expansive deck designed for al fresco dining under the stars. A century of history, beautifully reimagined. Whether you envision this as a sprawling 6-bedroom legacy estate, investment property, or a home with a built-in guest retreat, this Oakwood treasure is ready for its next chapter.

807 E Edenton St, Raleigh

Start Your Search

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .