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$969,000

Listing Price

6beds

4baths

1,073sqft

12,632sqft lot

509 Cape Ave, Raleigh, NC 27601

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Multi-Family

Home type

--

Price / sqft

1940

Year built

Home Details

Attention investors and builders! Two fully leased duplexes in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully renovated and permitted 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 offering views of open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more. Amazing location for Airbnb! Long term development potential.

Interior Details

Square Feet
  • 1073

Bedrooms
  • 6

Bathrooms
  • 4

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    None

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    No Basement

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 12632

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Duplex Single

Exterior
  • Brick

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$3,733

$201,250

$181,280

--%

$382,530

2020

$3,733

$201,250

$181,280

--%

$382,530

2019

$2,854

$160,000

$79,446

--%

$239,446

2018

$2,696

$160,000

$79,446

--%

$239,446

2017

$2,570

$160,000

$79,446

--%

$239,446

2015

$2,045

$120,000

$69,836

--%

$189,836

2014

$1,943

$120,000

$69,836

--%

$189,836

2013

$1,820

$120,000

$69,836

--%

$189,836

2012

$1,820

$120,000

$69,836

--%

$189,836

percent-home-icon

Average Home Price in 27601

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$969,000

6 Beds

4 Baths

1,073 Sqft

12,632 Lot (sqft)

Sold 10/13/2026

$435,000

2 Beds

2 Baths

936 Sqft

7,405 Lot (sqft)

Sold 10/13/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
969,000
$
Down payment
193,800
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
5,814
$
HOA (Monthly)
0
$
PMI
0
$
$6,273
Your Payment
Total Monthly Payment:$6,273
Percent of Income:108%
Affordable:No

Details for 509 CAPE AVE

Property Debt

Foreclosure Contact Details