404 E Edenton ST, Raleigh, NC 27601
404 E Edenton ST, Raleigh, NC 27601
404 E Edenton ST, Raleigh, NC 27601
404 E Edenton ST, Raleigh, NC 27601
404 E Edenton ST, Raleigh, NC 27601
404 E Edenton ST, Raleigh, NC 27601
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Meagan Black

Meagan Black

+1(434) 728-5913
Listed by EXP Realty LLC
$ 799,900
Est. payment | /mo

6 Beds

5 Baths

3,677 SqFt

Save
$ 799,900
Est. payment | /mo
Save

6 Beds

5 Baths

3,677 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,677 sqft

Price per Sqft $217

Subdivision Historic Oakwood

MLS Listing ID 10174559

Bedrooms 6

Full Baths 5

HOA Y/N No

Year Built 1910

Annual Tax Amount $5,930

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Quadruplex

Source Doorify MLS

Land Area 3677

Property Description

Investment Opportunity in Downtown Raleigh. Income-Producing Multi-Unit Property! Three of the four units are currently leased or nearing lease execution, representing $3,900 in projected monthly gross rental income ($46,800 annually), with Unit 3 offering an opportunity for additional revenue. Unit 1 is pending lease execution at $1,300/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!

Location

State NC

County Wake

Community Historic Oakwood

Area 0.1

Zoning OX-3

Interior

Heating Varies by Unit

Cooling Ceiling Fan(s), Central Air, Electric, Gas, Varies by Unit

Flooring Hardwood

Fireplace No

Laundry In Unit

Exterior

Parking Features Driveway, On Street

View Downtown

Roof Type Shingle

Garage No

Building

Story Two

Water Public

New Construction No

Others

Tax ID 170328899361000 0046564

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Doorify MLS
Schools and Properties Nearby

Learn More About LPT Realty

Meagan Black
Meagan Black

License ID: 334577

+1(434) 728-5913

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404 E Edenton ST