See Home Value
$610,000
● Multifamily - Off Market

Undisclosed Address

Raleigh, NC
bedrooms
8 Beds
bathrooms
4 Baths
square feet
2,792 Ft²
$3,516
Est. Monthly

About This Property

Excellent investment opportunity in a convenient and accessible Raleigh location! This fully remodeled quadplex over $180K invested sits on a spacious 0.87-acre lot, offering a rare combination of completely updated rental units, generous outdoor space, and strong long-term investment potential.

Each unit features 2 bedrooms and 1 full bath and has been remodeled to provide a clean, modern, and low-maintenance living environment. Interior updates include fresh paint, durable luxury vinyl plank flooring throughout, and no carpet for easy upkeep. The updated kitchens feature brand-new stainless steel appliances, including a refrigerator, electric range, and range hood. Spacious bedrooms, full baths with shower/tub combinations, and optional washer/dryer access add everyday convenience and functionality.

The large lot provides extra outdoor space for relaxing, entertaining, gardening, or enjoying the wooded setting and added privacy. Off-street parking and practical property features further enhance tenant appeal.

Prime Raleigh location near Downtown Raleigh, just minutes from Garner, NC State University, shopping, dining, I-40, and surrounding areas. Fully leased and income-producing, this remodeled quadplex is ready for its next owner to start enjoying rental income from day one, while offering both immediate cash flow potential and long-term value.
Unit Size
2,792 Ft²
Days on Market
88 days
Land Size
0.87 acres
Price per sqft
$236
Property Type
Multifamily
Property Taxes
$274
HOA Dues
-
Year Built
-

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Last updated: 3 months ago (TMLS #10168156)

Price History

Date / Event Date Event Price
Aug 14, 2026 Sold
Sold
Jun 26, 2026 In contract -
In contract
May 18, 2026 Listed by Cary-Raleigh Realty, Inc. $660,000
Listed by Cary-Raleigh Realty, Inc.

Property Highlights

Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 4
Flooring Type: Luxury Vinyl
Exterior Details
Square Footage: 2792
Year Built: 1952
Building Area Total: 2792
Levels: One
Construction Materials: Brick
Patio and Porch Features: Deck
Lot Size Area: 0.87
Lot Size Units: Acres
Lot Size Acres: 0.87
Lot Size Square Feet: 37897
Water Source: Public
Financial Details
Tax Map Number: 1-4
Tax Assessed Value: $368,242
Tax Annual Amount: $3,291
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Zoned
Heating Type: Forced Air
Sewer : Public Sewer

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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