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$975,000
40 Days On Site

509 Cape Avenue
Raleigh, NC 27601

For Sale|Quadruplex|Active
6
Beds
4
Total Baths
4
Full Baths
2,513
SqFt
$388
/SqFt
1940
Built
Subdivision:
Not in a Subdivision
County:
Wake

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509 Cape Avenue509 Cape Avenue509 Cape Avenue509 Cape Avenue
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Monthly Payment (Est.)

$4,448
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Attention investors and builders! Two duplexes on two deeded lots in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully updated 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 facing open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more. One unit intentionally vacant for showings.

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Listing Snapshot
Price 
$975,000
Days On Site 
40 Days
Bedrooms 
6
Inside Area (SqFt) 
2,513 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1940
MLS® Number 
10157441
Status 
Active
Property Tax 
$4,809.22
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
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What's This?
Private
Recent Activity
4 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.29
Foundation 
Block
Lease Term 
12 Months
Levels 
One
Number Of Stories 
1
Parking 
CommonConcreteGravelOff StreetOn SiteOn Street
Parking Spaces 
10
Property Condition 
Updated/Remodeled
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
2513
SqFt Total 
2513
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R-10
Interior Features
Appliances 
DishwasherDryerElectric OvenElectric RangeOvenRefrigeratorWasher/DryerWater Heater
Cooling 
DuctlessElectricMulti UnitsWall Unit(s)
Flooring 
LinoleumVinylTile
Heating 
DuctlessElectric
Interior 
Ceiling Fan(s)Eat-in Kitchen
Laundry Features 
In HallSee Remarks
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Exterior Features
Construction Details 
BlockBrick Veneer
Exterior 
Courtyard
Frontage 
See Remarks
Lot Features 
ClearedCorner LotNear Public TransitViewsSee Remarks
Patio And Porch 
Porch
Road Frontage 
City Street
Roof 
Shingle
View 
DowntownPark/GreenbeltSkylineTrees/Woods
Waterview 
DowntownPark/GreenbeltSkylineTrees/Woods
Community Features
Financing Terms Available 
CashConventional
School District 
Wake County Schools
Schools
School District
Wake County Schools
Elementary School
Wake County Schools
Middle School
Wake County Schools
High School
Unknown
Listing courtesy of Natalee Choby of Rich Realty Group



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Last checked: 2026-05-14 08:30 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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