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    400 Chamberlain St Raleigh, NC 27607

    For Sale
    $1,250,000

    MULTI_FAMILY - Raleigh, NC

    Property size:
    4,434 SF
    Lot size:
    0.28 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 400 Chamberlain St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RX-3 on both
    APN
    Pin # 0794923844 and Pin # 0794924804
    Size
    4,434 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Wood, Vinyl, Carpet
    Building materials
    Brick
    Roof type
    Shingle

    Society Real Estate, LLC (919) 249-8383 [email protected]

    Listing agent Bill Cobey (919) 961-8888

    Listing date Nov 21, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Raleigh Redevelopment Opportunity

    This property presents a redevelopment opportunity in downtown Raleigh, North Carolina. The combined listing at 400 Chamberlain St. and 2308 Stafford Ave. totals 0.28 acres. Located one block from the Village District, the site offers potential for 5 or 6 townhome lots, or 3 to 4 single-family lots. The property is currently configured as a multifamily property with four units, generating a total rental income of $6,500 per month. This allows for continued income while awaiting permits for redevelopment. The property is zoned RX-3. Current survey and preliminary footprint designs are available in the documents. The property size is 4,434 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.665026
    Latitude
    35.790598

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    FAQs

    What type of property is this?
    Residential land & home lot - Prime downtown location near Village District with income potential.
    Where is this residential land & home lot located?
    The property is located at 400 Chamberlain St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime Downtown Raleigh redevelopment opportunity; - Potential for multiple townhome or single-family lots; - Located only one block from the Village District
    (919) 961-8888
    Request Owner's contact information
    400 Chamberlain St Raleigh, NC 27607
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    Raleigh, NC 27607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Chamberlain St Raleigh, NC 27607
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