509 Cape Avenue, Raleigh, NC 27601
MULTI_FAMILY - Raleigh, NC
- Added:
- Apr 3, 2026
- Days on Market:
- 89
- Last Refresh:
- Jun 30 at 11:06 pm
Property Features for 509 Cape Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-10
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Dining Room, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4
- Parking
- 10
- Parking features
- On Street, Off Street
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, Kitchen/Dining Room Combination
- Exterior features
- Courtyard
- Appliances
- Dishwasher, Dryer, Electric Oven, Electric Range, Oven, Refrigerator, Washer/Dryer, Water Heater
- Standard status
- Active
- APN
- 170352951327000 0017724
- Size
- 2,513 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lo46 & 47 Watsons Addition Bm1885-00027
- Tax Annual Amount
- 4809
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Electric (Heating)
- Cooling system
- Wall Unit(s), Multi Units, Ductless, Electric
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile, Linoleum, Vinyl
- Building materials
- Block, Brick Veneer
- Roof type
- Shingle
Listing agent Natalee Choby License #231144 (919) 264-4977
Listing office Rich Realty Group 2021 Fairview Road, Raleigh, NC (919) 710-0256
Listing date Apr 3, 2026
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two fully leased duplexes with 4 renovated and permitted units on a large corner lot
- Unit mix: two 1 bed/1 bath and two 2 bed/1 bath
- Individually metered for water and electric; long‑term tenants pay utilities (no gas)
- Off‑street and on‑street parking plus porch and courtyard
- Year built: 1940; block with brick veneer; shingle roof
- Electric heating and wall unit/digitalless cooling; appliances include refrigerator, electric range/oven, dishwasher, washer/dryer
Overview
The duplexes are located downtown and face the grounds of Chavis Park. The site offers plenty of parking on and off the street, which can help reduce day-to-day friction for residents and visitors. The listing also notes easy access to 440/RDU as well as nearby schools and hospitals.
For investors, this is a four-unit income property with a straightforward unit configuration and tenant-paid electric and water via individual meters. For builders and operators, the large corner-lot setup may also fit ongoing residential redevelopment or value-add planning within the R-10 zoning parameters. The furnished unit may be useful for operators considering short-term occupancy alongside traditional long-term rentals, depending on licensing and execution.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.632094
- Latitude
- 35.76994
