Glenwood neighborhood contains lots of cottages and bungalows dating to the turn of the last century. 
Land for the neighborhood was acquired from the Devereaux plantation during the 1890's.
Many of the streets are named for US presidents, some for early Glenwood residents.
A nice history of the area can be found at the neighborhood website below.
Glenwood (along with Brooklyn) has been designated Glenwood-Brooklyn Historic District.

A mixed-use section of Raleigh known as Glenwood South runs along Glenwood Avenue just south of Peace St. (off this map).  Glenwood South is in the midst of a revitalization and now provides a wealth of entertainment, shopping and dining options within walking distance Glenwood neighborhood.
Enjoy free outdoor concerts in Fletcher Park.

Neighborhood Links:
Glenwood/Brooklyn Neighborhood Website