509 Cape Avenue, Raleigh, NC 27601

Raleigh
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
509 Cape Avenue,Raleigh, NC 27601
$969,000
  • 6 Beds
  • 4 Baths
  • 2,513 sq. ft.
  • Multi-family
  • Active
Listed by: natalee choby
Office: rich realty group
MLS#:10157441
Source:RD

Price summary

  • Price:$969,000
  • Price per sq. ft.:$385.59

About this home

Attention investors and builders! Two fully leased duplexes in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully renovated and permitted units on large corner lot with plenty of parking on and off street with very little traffic. Individually metered for water and electric and long term tenants pay utilities (no gas). Two 1 bed/1bath and two 2 bed/1 bath. Unit 812 is furnished MTR. No HOA! This amazing location offers walkable downtown living while offering views of open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more. Amazing location for Airbnb! Long term development potential.

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Home facts

  • Year built:1940
  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10157441
  • Added:124 day(s) ago
  • Updated:August 06, 2026 at 03:17 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Linoleum, Luxury Vinyl, Tile
  • Dining Description:Eat-in Kitchen, Kitchen/Dining Room Combination
  • Kitchen Description:Dishwasher, Dryer, Electric Oven, Electric Range, Oven, Refrigerator, Washer/Dryer, Water Heater
  • Living area:2,513 sq. ft.

Heating and cooling

  • Cooling:Ductless, Electric, Multi Units, Wall Unit(s)
  • Heating:Ductless, Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1940
  • Building area:2,513 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Cleared, Corner, Near Public Transit, Views
  • Construction Materials:Block, Brick Veneer
  • Exterior Features:Courtyard, Porch
  • Foundation Description:Block
  • Levels:One

Schools

  • Middle school:Wake County Schools
  • Elementary school:Wake County Schools

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$969,000
  • Price per sq. ft.:$385.59
  • Tax amount:$4,809

Features and amenities

  • Laundry features:In Hall

Parking

  • Total parking spaces:10
  • Parking description:Concrete, Gravel, Off Street, On Site, On Street
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