$610,000
$660,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
Raleigh, NC 27603
8 Beds
4 Baths
2,792 SqFt
Key Details
Sold Price $610,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,792 sqft
Price per Sqft $218
Subdivision Twin Lakes Estates
MLS Listing ID 10168156
Sold Date 08/14/26
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1952
Annual Tax Amount $3,291
Lot Size 0.870 Acres
Acres 0.87
Property Sub-Type Quadruplex
Source Doorify MLS
Land Area 2792
Property Description
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.
Location
State NC
County Wake
Community Twin Lakes Estates
Area 0.87
Interior
Cooling Ceiling Fan(s), Central Air, Zoned
Flooring Luxury Vinyl
Fireplace No
Exterior
Parking Features Off Street
Roof Type Shingle
Garage No
Building
Story One
Water Public
New Construction No
Schools
Elementary Schools Wake - Salem Elementary
Middle Schools Wake - Salem Middle
High Schools Wake - Athens Drive High
Others
Tax ID 1702368432
Acceptable Financing Cash, Conventional, FHA, VA Loan, USDA Loan
Listing Terms Cash, Conventional, FHA, VA Loan, USDA Loan
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