See Home Value
$475,000
● House - Off Market

602 Quarry Street

Raleigh, NC 27601
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,732 Ft²
$2,623
Est. Monthly
5.05%
Cap Rate

About This Property

Great Investment Opportunity or Perfect First Home!

This income-producing 4-bedroom, 2-bathroom home is a fantastic opportunity for investors or first-time buyers. Currently rented until August as a successful Airbnb with a strong rental history, it's generating steady income from day one.

Situated just minutes from Downtown Raleigh in a rapidly revitalizing neighborhood, this property offers both convenience and strong potential for future value appreciation. The main level features 2 bedrooms and 1 full bathroom, while the recently finished walk-out basement adds 2 additional bedrooms, a full bathroom, a kitchenette, and a private entrance-ideal for use as a separate apartment, in-law suite, or additional rental unit.
Unit Size
1,732 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$286
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1952

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Last updated: 2 years ago (TMLS #10080063)

Price History

Date / Event Date Event Price
Apr 30, 2025 Sold
Sold
Apr 11, 2025 In contract -
In contract
Mar 5, 2025 Listed by Coldwell Banker HPW $495,000
Listed by Coldwell Banker HPW
Feb 17, 2022 Sold
Sold
Jun 12, 2021 Listed by Coldwell Banker HPW $310,000
Listed by Coldwell Banker HPW

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 837
  • Building Area: 837
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 837
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: 602 QIARRY STREET

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050800

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0030609
  • District: 01
  • Parcel: 1713.09-16-6155 0030609
  • Municipality: RALEIGH
  • Latitude: 35.7721
  • Longitude: -78.6236

    Address

  • Full Address: 602 Quarry St
  • Address - House Number: 602
  • Address - Street Name: Quarry
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C012
  • 4-Digit Zip Code: 2040
  • Zip Code: 27601

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $152,867

    Appraisal Valuation

  • Standard Deviation: 0.142
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 83
  • Final Value: 297,605
  • High Value: 339,866
  • Low Value: 255,344

    Market Valuation

  • Market Total Value: $149,004
  • Market Land Value: $121,500
  • Market Improvement Value: $27,504

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $149,004
  • Assessed Land Value: $121,500
  • Assessed Improvements Value: $27,504

    Sales

  • Current Sale Contract Date: Feb 15, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Central Raleigh


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Nearby Rentals

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  • 2 Baths
  • 1,040 ft²
823 Cotton Place, Raleigh, NC, 27601 Listing by Tim Lehan
Unit for rent at 300 Worth Street, Raleigh, NC, 27601

$2,395 /mo

  • 3 Beds
  • 2 Baths
300 Worth Street, Raleigh, NC, 27601 Listing by Pam Madigan
Unit for rent at 400 W North Street, Raleigh, NC, 27603

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,238 ft²
400 W North Street #826A, Raleigh, NC, 27603 Listing by Ann-Cabell Baum


Frequently Asked Questions

When was property at 602 Quarry Street built and last sold?
The property at 602 Quarry Street was built in 1952 and last sold on Feb 15, 2022 for $290,000.
How much is this home worth?
The estimated value of the home located at 602 Quarry Street is $0.
What are some comparable homes to 602 Quarry Street?
There are currently no comparable homes to 602 Quarry Street.