Excellent investment opportunity in a convenient and accessible Raleigh location! This fully remodeled quadplex over $180K invested sits on a spacious 0.87-acre lot, offering a rare combination of completely updated rental units, generous outdoor space, and strong long-term investment potential. Each unit features 2 bedrooms and 1 full bath and has been remodeled to provide a clean, modern, and low-maintenance living environment. Interior updates include fresh paint, durable luxury vinyl plank flooring throughout, and no carpet for easy upkeep. The updated kitchens feature brand-new stainless steel appliances, including a refrigerator, electric range, and range hood. Spacious bedrooms, full baths with shower/tub combinations, and optional washer/dryer access add everyday convenience and functionality. The large lot provides extra outdoor space for relaxing, entertaining, gardening, or enjoying the wooded setting and added privacy. Off-street parking and practical property features further enhance tenant appeal. Prime Raleigh location near Downtown Raleigh, just minutes from Garner, NC State University, shopping, dining, I-40, and surrounding areas. Fully leased and income-producing, this remodeled quadplex is ready for its next owner to start enjoying rental income from day one, while offering both immediate cash flow potential and long-term value.
For sale
$660,000
Raleigh, NC 27603
8beds
2,792sqft
Quadruplex, Multi Family
Built in 1952
-- sqft lot
$-- Zestimate®
$236/sqft
$-- HOA
What's special
Spacious bedroomsFresh paintOff-street parkingRange hoodElectric rangeFully remodeled quadplexUpdated kitchens
- 35 days |
- 995 |
- 95 |
Zillow last checked:
Listing updated:
Listed by:
Hannah Chan 919-426-1854,
Cary-Raleigh Realty, Inc.
Source: Doorify MLS,MLS#: 10168156
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Ceiling Fan(s), Central Air, Zoned
Features
- Flooring: Vinyl
Interior area
- Total structure area: 2,792
- Total interior livable area: 2,792 sqft
- Finished area above ground: 2,792
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
Lot
- Size: 0.87 Acres
Details
- Parcel number: 1702368432
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Shingle
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Twin Lakes Estates
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $236/sqft
- Annual tax amount: $3,291
- Date on market: 5/20/2026
- Lease term: 12 Months
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $660,000+209.9%$236/sqft |
Source: | ||
| 5/4/2025 | Listing removed | $1,085 |
Source: Doorify MLS #10077584 Report a problem | ||
| 4/26/2025 | Price change | $1,085-0.9% |
Source: Doorify MLS #10077584 Report a problem | ||
| 4/1/2025 | Listed for rent | $1,095 |
Source: Doorify MLS #10077584 Report a problem | ||
| 3/22/2025 | Listing removed | $1,095 |
Source: Zillow Rentals Report a problem | ||
| 3/16/2025 | Price change | $1,095-7.6% |
Source: Zillow Rentals Report a problem | ||
| 2/18/2025 | Listed for rent | $1,185 |
Source: Zillow Rentals Report a problem | ||
| 4/4/2013 | Sold | $213,000-9.4%$76/sqft |
Source: Public Record Report a problem | ||
| 2/6/2013 | Price change | $235,000-6%$84/sqft |
Source: Prudential York Simpson Underwood Realty #1856503 Report a problem | ||
| 9/27/2012 | Listed for sale | $250,000$90/sqft |
Source: Prudential York Simpson Underwood Realty #1856503 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,291 +0.4% | $368,242 |
| 2024 | $3,278 +16.3% | $368,242 +46.6% |
| 2023 | $2,818 +7.4% | $251,158 |
| 2022 | $2,623 +3.9% | $251,158 |
| 2021 | $2,524 | $251,158 |
| 2020 | -- | $251,158 +16.1% |
| 2019 | -- | $216,247 |
| 2018 | -- | $216,247 |
| 2017 | -- | $216,247 |
| 2016 | -- | $216,247 +35.4% |
| 2015 | -- | $159,693 |
| 2014 | -- | $159,693 |
| 2013 | -- | $159,693 |
| 2012 | -- | $159,693 |
| 2011 | -- | $159,693 |
| 2010 | -- | $159,693 |
| 2009 | -- | $159,693 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Southwest Raleigh
Nearby schools
GreatSchools rating
- 9/10Salem ElementaryGrades: PK-5Distance: 11.3 mi
- 10/10Salem MiddleGrades: 6-8Distance: 11.2 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: Wake - Salem
- Middle: Wake - Salem
- High: Wake - Athens Dr
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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