509 Cape Ave Raleigh, NC 27601

$975,000

ACTIVE

Beds

Baths

Sqft

2,513

Acres

0.29

Year

1940

Days on Site

Property Type

Residential Income

Sub Type

Quadruplex

Per Square Foot

$388

Date Listed

Apr 3, 2026

Description of 509 Cape Ave, Raleigh, NC 27601

Listing details for 509 Cape Ave, Raleigh, NC 27601 : Attention investors and builders! Two duplexes on two deeded lots in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully updated 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 facing open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more. One unit intentionally vacant for showings.

Listing Updated : 04-17-2026 at 8:34 AM EDT

Property Details

Overview

Status

Active

MLS #ID

10157441

Price

$975,000

Bedrooms

Bathrooms

Square Footage

2,513

Acres

0.29

Year

1940

Days on Site

Property Type

Residential Income

Property Sub Type

Quadruplex

Price per Sq Ft

$388

Date Listed

Apr 3, 2026

Community Information for 509 Cape Ave, Raleigh, NC 27601

Address

509 Cape Ave

City

Raleigh

State

North Carolina

Zip Code

27601

County

Wake

Subdivision

Not In A Subdivision

Schools

Elementary

Wake County Schools

Middle

Wake County Schools

Source Doorify MLS. We recommend clicking to confirm Wake County School Assignments or contacting WCPSS directly.

Utilities

Sewer

Public Sewer

Water Source

Public

Interior

Interior Features

Ceiling Fan(s), Eat-in Kitchen and Kitchen/Dining Room Combination

Appliances

Dishwasher, Dryer, Electric Oven, Electric Range, Oven, Refrigerator, Washer/Dryer and Water Heater

Heating

Ductless and Electric

Cooling

Ductless, Electric, Multi Units and Wall Unit(s)

Fireplace

Exterior

Courtyard

Roof

Shingle

Foundation

Block

HOA

Has HOA

None

Additional Information

Styles

Price per Sq Ft

$388

Listing Provided By

Natalee Choby, 919-264-4977, Rich Realty Group

Source

Triangle, MLS, MLS#: 10157441

Property History

DateEventPrice

4/3/2026

Listed for sale

$975,000

$388/sqft

Source:

Triangle, MLS #10157441

Interested in 509 Cape Ave, Raleigh NC, 27601?

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The data relating to real estate for sale on this web site comes in part from the Internet Data ExchangeTM Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than Raleigh Realty Inc are marked with the Internet Data Exchange TM logo or the Internet Data ExchangeTM thumbnaillogo (the TMLS logo) and detailed information about them includes the name of the listing firms.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listing firm has attempted to offer accurate data, but the Information is Not Guaranteed and buyers are advised to confirm all items.

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