508 Ileagnes Road
Raleigh, NC 27603Excellent 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.
$660,000
8 bedrooms
4 full bathrooms
0.87 acres
2,792 square feet
$236 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick
- Lot Size Acres 0.87
- Parking Features Off Street
- Patio And Porch Features Deck
- Structure Type Quadruplex
- Above Grade Finished Area 2,792
- Cooling Ceiling Fan(s), Central Air, Zoned
- Cooling Y/N Yes
- Flooring Vinyl
- Heating Forced Air
- Heating Y/N Yes
- Tax Annual Amount 3291.44
- Water Source Public
- Year Built 1952
Additional Property Information
- TypeQuadruplex
- Built1952
- NeighborhoodTwin Lakes Estates
- CountyWake
- AreaRaleigh
- Elementary SchoolWake - Salem
- Middle SchoolWake - Salem
- High SchoolWake - Athens Dr
Listing courtesy of Cary-Raleigh Realty, Inc.. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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