Updated Duplexes Near Downtown
509 Cape Avenue, Raleigh, NC 27601
MULTI_FAMILY - Raleigh, NC
Property size:
2,513 SFLot size:
0.29 AcresPrice / SF:
$387/SF- Added:
- Apr 3, 2026
- Days on Market:
- 43
- Last Refresh:
- May 15 at 2:06 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
- Bathroom 4, Dining Room, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
- 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, Vinyl, Linoleum
- 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
MLS# 10157441
Listing URL
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
- Prime Downtown Raleigh location facing Chavis Park, offering walkable access to downtown amenities and green space.
- Two duplexes on two deeded lots, presenting a significant investment or building opportunity.
- Four updated units with long‑term tenants, providing immediate rental income.
- Individually metered for water and electric, with tenants responsible for utilities.
- Ample parking available both on and off‑street.
- No HOA fees.
Overview
This property features two duplexes situated on two deeded lots in downtown Raleigh, facing the grounds of Chavis Park. The property includes four updated units on a large corner lot, with ample on and off-street parking and minimal traffic. Each unit is individually metered for water and electricity. The property consists of two 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units. One unit is furnished as a mid-term rental. Located in an area with walkable access to downtown, the property faces open park areas with walking trails and expansive green lawns. It offers convenient access to 440/RDU, schools, and hospitals. The lot size is 0.29 acres and the property size is 2513 square feet. The zoning is R-10. The property is suitable for investors and builders.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.632094
- Latitude
- 35.76994
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four updated units near Chavis Park, walkable to downtown.
Where is this quadplex located?
The property is located at 509 Cape Avenue Raleigh, NC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Downtown Raleigh location facing Chavis Park, offering walkable access to downtown amenities and green space.; Two duplexes on two deeded lots, presenting a significant investment or building opportunity.; Four updated units with long‑term tenants, providing immediate rental income.
