404 E Edenton Street,Raleigh, NC 27601
Raleigh, NC 27601
Description
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!
Details
| MLS # | 10174559 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1910 |
| Days On Site | 137 |
| Listing Provided By | EXP Realty LLC | Anna Powell |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,677 |
| Story(s) | 2 |
| Zoning | OX-3 |
| Acreage | 0.10 |
| Property View | Downtown |
Interior
| Interior Features | Storage |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Ceiling Fan(s), Electric, Gas, Varies by Unit |
| Laundry Features | In Unit, Washer/Dryer Hookups |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Crawlspace |
| View | Downtown |
| Construction Materials | Unknown |
| Patio And Porch Features | Covered, Deck, Front Porch, Patio, Porch |
Parking
| Parking Features | Driveway, On Street |
|---|---|
| Other Parking | Driveway, street parking. |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 647861 |
|---|---|
| Tax Legal Description | Prcl 3 Frank & Augusta Turner Bm1998-468 |
| Tax Year | 2026 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27601 |
| Area | Wake |
| Community Name | Historic Oakwood |
| Listing VS Median (in Historic Oakwood) | |
Price: $799,900 low | high Med: $874,950 sqft: 3,677 low | high Med: 2,939 $ / sqft: $218 low | high Med: $325 On site: 137 low | high Med: 132 | |
Market Activity 27601
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27601 |
| Area | Wake |
| Community Name | Historic Oakwood |
| Listing VS Median (in Historic Oakwood) | |
Price: $799,900 low | high Med: $874,950 sqft: 3,677 low | high Med: 2,939 $ / sqft: $218 low | high Med: $325 On site: 137 low | high Med: 132 | |
