Investment Opportunity in Downtown Raleigh. Income-Producing Multi-Unit Property! Three of the four units are currently leased, representing $4,075 in projected monthly gross rental income ($48,900 annually), with Unit 3 offering an opportunity for additional revenue. Unit 1 is leased at $1,475/month, Unit 2 is leased at $1,500/month, and Unit 4 is leased at $1,100/month. Located in the heart of Raleigh's Historic Oakwood neighborhood! Minutes from Downtown Raleigh's restaurants, shopping, entertainment, and employment centers. The property has undergone renovations and improvements while retaining the charm and character of its historic surroundings. Whether you're looking to expand your investment portfolio, establish a long-term rental investment, or explore an owner-occupied investment opportunity, this property offers multiple possibilities in an established, desirable Raleigh location. Don't miss your chance to invest in Historic Oakwood!
For sale
Price cut: $50.1K (9/21)
$799,900
404 E Edenton St, Raleigh, NC 27601
6beds
3,677sqft
Quadruplex
Built in 1910
-- sqft lot
$-- Zestimate®
$218/sqft
$-- HOA
What's special
- 136 days
- 831
- 66
Zillow last checked:
Listing updated:
Listed by:
Anna Powell 910-985-0441,
EXP Realty LLC,
Melissa Enders 919-302-0863,
EXP Realty LLC
Source: Doorify MLS,MLS#: 10174559
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Electric, Forced Air, Varies by Unit, Gas Pack
Cooling
- Central Air, Ceiling Fan(s), Electric, Gas, Varies by Unit
Appliances
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,677
- Total interior livable area: 3,677 sqft
- Finished area above ground: 3,677
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
- Details: Driveway, street parking.
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Patio
- Has view: Yes
- View description: Downtown
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 170328899361000 0046564
- Zoning: OX-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Unknown
- Foundation: Crawlspace
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Historic Oakwood
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $647,861
- Annual tax amount: $5,930
- Date on market: 6/17/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
- Lease term: 12 Months
- Total actual rent: 3900
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Price change | $799,900-5.9%$218/sqft |
Source: eXp Realty #10174559 Report a problem | ||
| 8/25/2026 | Price change | $850,000-3.3%$231/sqft |
Source:  Doorify MLS #10174559 Report a problem | ||
| 7/18/2026 | Price change | $879,000-2.2%$239/sqft |
Source: Doorify MLS #10174559 Report a problem | ||
| 6/17/2026 | Listed for sale | $899,000+57.7%$244/sqft |
Source: Doorify MLS #10174559 Report a problem | ||
| 11/25/2025 | Sold | $570,000-12.3%$155/sqft |
Source: Public Record Report a problem | ||
| 6/19/2025 | Listing removed | $650,000$177/sqft |
Source: Doorify MLS #10035898 Report a problem | ||
| 12/17/2024 | Price change | $650,000-3.7%$177/sqft |
Source: Doorify MLS #10035898 Report a problem | ||
| 11/20/2024 | Pending sale | $675,000$184/sqft |
Source: Doorify MLS #10035898 Report a problem | ||
| 9/25/2024 | Price change | $675,000-3.6%$184/sqft |
Source: Doorify MLS #10035898 Report a problem | ||
| 7/14/2024 | Pending sale | $700,000$190/sqft |
Source: Doorify MLS #10035898 Report a problem | ||
| 6/15/2024 | Listed for sale | $700,000$190/sqft |
Source: Doorify MLS #10035897 Report a problem | ||
| 5/22/2024 | Listing removed | -- |
Source: Doorify MLS #2509811 Report a problem | ||
| 5/21/2024 | Listed for sale | $700,000$190/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
| 5/1/2024 | Pending sale | $700,000$190/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
| 1/17/2024 | Price change | $700,000+7.7%$190/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
| 8/31/2023 | Listed for sale | $650,000$177/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
| 7/17/2023 | Pending sale | $650,000$177/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
| 7/9/2023 | Price change | $650,000-7.1%$177/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
| 5/10/2023 | Listed for sale | $700,000$190/sqft |
Source: Doorify MLS #2509811 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,690 +0.4% | $647,861 |
| 2024 | $5,667 -3.4% | $647,861 +21.2% |
| 2023 | $5,867 +7.6% | $534,590 |
| 2022 | $5,453 +4% | $534,590 |
| 2021 | $5,242 +1.8% | $534,590 |
| 2020 | $5,146 -5.4% | $534,590 +14.7% |
| 2019 | $5,440 | $465,946 |
| 2018 | $5,440 +11.3% | $465,946 |
| 2017 | $4,887 +2.1% | $465,946 |
| 2016 | $4,787 -0.9% | $465,946 +0.8% |
| 2015 | $4,828 | $462,408 |
| 2014 | -- | $462,408 |
| 2013 | -- | $462,408 |
| 2012 | -- | $462,408 |
| 2011 | -- | $462,408 |
| 2010 | -- | $462,408 |
| 2009 | -- | $462,408 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Central
Similar homes
- $700,0003 bd3 ba2k sqftFord-Kennedy House, Raleigh, NC 27604For Sale
MLS ID #10185413, David Mang. Doorify MLS - $699,0004 bd4 ba2.2k sqftAPal Building, Raleigh, NC 27601New Construction
MLS ID #10199729, Jason Queen. Doorify MLS - $885,0003 bd4 ba2.2k sqftDukes Properties & Construction LLC, Raleigh, NC 27601New Construction
MLS ID #10184148, Jason Queen. Doorify MLS - $824,0004 bd3 ba2.2k sqft1307 Wake Forest Rd, Raleigh, NC 27604For Sale
MLS ID #10154543, Abbie Davis. Doorify MLS - $775,0003 bd4 ba2.1k sqft1306 Glenwood Ave #101, Raleigh, NC 27605For SaleMLS ID #10190366, Kate Kenney. Doorify MLS
- $774,9004 bd4 ba4.2k sqft5420 Overdale Ln, Raleigh, NC 27603For SaleMLS ID #10187359, Liz Ballard. Doorify MLS
- $899,0004 bd3 ba2.4k sqft807 Glascock St, Raleigh, NC 27604For SaleMLS ID #10184771, Liz Brown. Doorify MLS
- $510,0005 bd3 ba2.3k sqft3408 Atlantic Ave, Raleigh, NC 27604For SaleMLS ID #10168294, Brandon Williams. Doorify MLS
- $725,0003 bd3 ba2.6k sqft3926 Sunset Maple Ct, Raleigh, NC 27612For SaleMLS ID #10200466, Sheri Hagerty. Doorify MLS
- $499,0005 bd3 ba2.4k sqft820 Nuttree Pl, Raleigh, NC 27606For SaleMLS ID #10199704, Valerie DeLoach. Doorify MLS
- $885,0003 bd3 ba2k sqft2718 Peachtree St, Raleigh, NC 27608For SaleMLS ID #10151751, Dustin Hickman. Doorify MLS
- $1,100,0004 bd3 ba3.2k sqft203 Baggett Ave, Raleigh, NC 27604New ConstructionMLS ID #10173603, Liz Brown. Doorify MLS
- $650,0004 bd4 ba4k sqft4809 Will O Dean Road, Raleigh, NC 27616For Sale
MLS ID #100600459, Linsey Dale, HTR Southern Properties. Hive MLS - $689,9004 bd4 ba3.2k sqft204 Raindrop Ct, Raleigh, NC 27615For SaleMLS ID #10181858, Conner Franck. Doorify MLS
- $1,148,0003 bd4 ba2.2k sqft613 S West St, Raleigh, NC 27601For SaleMLS ID #10189379, Laura Deans. Doorify MLS
- $895,0004 bd3 ba3.5k sqft7915 Longleaf Branch Ct, Raleigh, NC 27612For SaleMLS ID #10200009, Anne Godwin. Doorify MLS
- $1,195,0004 bd3 ba2.5k sqft1509 Caswell St, Raleigh, NC 27608For SaleMLS ID #10174474, Graham Young. Doorify MLS
- $935,0004 bd3 ba2.4k sqft1512 E Jones St, Raleigh, NC 27610New ConstructionMLS ID #10197205, Beatriz Elena Gutierrez. Doorify MLS
- $799,9994 bd4 ba3.1k sqft1109 Fanning Dr, Wake Forest, NC 27587For SaleMLS ID #10188026, Martha McNair. Doorify MLS
- $749,0003 bd2 ba3.2k sqft36 W Academy St, Wendell, NC 27591For SaleMLS ID #10187592, Justin Daniel. Doorify MLS
