509 Cape Avenue
Raleigh, NC 27601Attention 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.
$975,000
6 bedrooms
4 full bathrooms
0.29 acres
2,513 square feet
$388 per square foot
- Exterior Features
- Interior Features
- Property Features
- Common Walls 1 Common Wall, No One Above, No One Below
- Construction Materials Block, Brick Veneer
- Exterior Features Courtyard
- Lot Size Acres 0.29
- Parking Features Common, Concrete, Gravel, Off Street, On Site, On Street
- Patio And Porch Features Porch
- Structure Type Duplex, Multi Family
- Above Grade Finished Area 2,513
- Appliances Dishwasher, Dryer, Electric Oven, Electric Range, Oven, Refrigerator, Washer/Dryer, Water Heater
- Cooling Ductless, Electric, Multi Units, Wall Unit(s)
- Cooling Y/N Yes
- Flooring Linoleum, Vinyl, Tile
- Heating Ductless, Electric
- Heating Y/N Yes
- Interior Features Ceiling Fan(s), Eat-in Kitchen, Kitchen/Dining Room Combination
- Laundry Features In Hall, See Remarks
- Lot Features Cleared, Corner Lot, Near Public Transit, Views, See Remarks
- Tax Annual Amount 4809.22
- Water Source Public
- Year Built 1940
Additional Property Information
- TypeQuadruplex
- Built1940
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaRaleigh
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High School
Listing courtesy of Rich Realty Group. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
Property location
Monthly payment calculator
Find your amountSchedule a Tour
Ready for a tour of this house? You can either schedule an in-person walkthrough, or one of our agents can take you on a virtual tour via video call.
Similar Properties
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-04-03T20:16:54.000Z.