409 Alston Street 101

Raleigh, NC 27601

Downtown Raleigh Investment Opportunity -- STR Eligible + Rooftop Views. This 4-bedroom townhome style condo offers one of the most flexible ownership opportunities in Downtown Raleigh with the rare opportunity to secure instant equity with the recently 2025 appraised value WAY ABOVE list price. With short-term rental eligibility, a multi-level layout, and 4 private bedrooms, the property is well suited for investors, house-hack buyers, or shared living arrangements. Located just minutes from Downtown Raleigh, Transfer Co. Food Hall, Moore Square, and Fayetteville Street, this multi-level 4 bedroom / 3 full bath home delivers a true urban lifestyle with premium design. Thoughtfully crafted interiors feature a 5-zone HVAC system for personalized comfort, herringbone hardwood flooring, recessed lighting, custom tile work, and sleek modern finishes throughout. The kitchen showcases Samsung Bespoke appliances, gas range, quartz counter tops and contemporary cabinetry. The primary suite features an ensuite bathroom with a sleek modern design, dual vanity, and large soaking tub and rain down shower for a spa like experience, additionally features a walk in closet with custom shelving and a private balcony for added outdoor living. A thoughtfully designed laundry room continues the sleek modern design and natural tones with custom cabinetry, matching front loan Samsung washer and dryer units, and a counter top for the easy of folding. The third/top floor is creatively designed as a flex space that can be used as the forth bedroom/guest room, home office, or an entertainment space with a wet bar, wine fridge, and direct access to the rooftop terrace offering impressive skyline views of Downtown Raleigh. The two additional bedrooms offer ensuite or direct bath access--ideal for guests, roommates, or shared living arrangements. The property's unique connected two-unit configuration provides outstanding versatility. Buyers or investors Interested in both units together for the positive financial gain of renting out both units or living in one - renting out the other; the Combined units feature a total of 8 bedrooms and 6 full bathrooms. The layout supports co-living, multi-generational living, work-from-home setups, income-producing opportunities, or shared ownership. Eligible for short-term and mid-term rental use. Ownership structure is flexible--fractional/co- ownership and LLC buyers are permitted under the declaration; additionally permitted to dissolve the HOA should you wish. Energy-efficient and low-maintenance features include a tankless water heater and metal roof. Professional landscaping and the private parking pads add to the overall asthetic appeal of this property. Surrounded by restaurants, breweries, coffee shops, parks, and cultural attractions, this residence combines modern design, downtown convenience, and strong attraction value. An excellent choice for anyone seeking a contemporary urban home with built-in equity and exceptional flexibility, located in Downtown Raleigh, and close proximity to top rated schools. Schedule your showing today!

Listing courtesy of Landon Stone of Real Broker, LLC



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Last checked: 2026-03-16 10:12 AM UTC