Cash-flowing brick quadruplex situated in the rapidly developing southeast Raleigh area, just minutes from Centennial Campus, Dix Park, and downtown. Meticulously maintained and updated. Each unit features 2 bedrooms and 2 full baths. The long-term owners have consistently took care of the units over the years, with a complete list of updates available in the MLS documents. The property is fully occupied with long-term tenants and new leases in place. Notable updates include a new roof in 2017 and new decks on all units. Next door, the upscale Allora Pines Apartments are currently under construction. Viewing appointments will be available on Saturday, August 10, 2024. All units will be open for viewing, and listing agents will be onsite to answer any questions you may have.
Multi-familyProperty Type
1983Year Built
0.41 acresLot Size
$224Est. Price/Sq.Ft.
8 spacesParking
Listed by Dubbelman Realty Group Dubbelman• Coldwell Banker Advantage
Listed by Luke Dubbelman• Coldwell Banker Advantage
Cash-flowing brick quadruplex situated in the rapidly developing southeast Raleigh area, just minutes from Centennial Campus, Dix Park, and downtown. Meticulously maintained and updated. Each unit features 2 bedrooms and 2 full baths. The long-term owners have consistently took care of the units over the years, with a complete list of updates available in the MLS documents. The property is fully occupied with long-term tenants and new leases in place. Notable updates include a new roof in 2017 and new decks on all units. Next door, the upscale Allora Pines Apartments are currently under construction. Viewing appointments will be available on Saturday, August 10, 2024. All units will be open for viewing, and listing agents will be onsite to answer any questions you may have.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
3.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.41 Acres
Year renovated
2003
Sq. Ft.
3,132
Year built
1983
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
0792.11 66 8064 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-10
SRPOD
Residential-10 District
R-10 allows single-unit living in a detached house, or tiny house, and twounit living in an attached house or townhouse or tiny house with a minimum lot size of 4,000 sq ft. Multi-unit living is also allowed in a townhouse or apartment. Smaller minimum lot sizes are permitted as part of a compact development.; Smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space. Smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space.; Dimensional standards, maximum density, and allowed uses may be modified for the R- 10 district within the TOD overlay to enable transitoriented development.; R-10 allows single-unit living in a detached house, or tiny house and two-unit living in an attached house or tiny house with a minimum lot size of 4,000 sq ft. Multi-unit living is also allowed in a townhouse.; Smaller minimum lot sizes are permitted as part of a compact development.; Additional building types, and smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preservingcommon open space.; Dimensional standards, maximum density, allowed building types, and allowed uses may be modified for the R-6 district within the TOD overlay or Frequent Transit Areas identified in the City’s Comprehensive Plan to enable transit oriented development.
Zone overlays
Special Residential Parking Overlay District
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Property details
Parking
Parking Information
Open Parking: Yes
Open Parking Spaces: 8
Parking Features: Common, Parking Lot
Interior
Bathroom Information
Bathrooms Full: 8
Bedroom Information
Bedrooms Total: 8
Interior Features
Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
Flooring: Carpet, Luxury Vinyl
Room Information
Crawl Space, Other
Multi-Family Financial Information
Number Of Units Total: 4
Owner Pays: Exterior Maintenance, Grounds Care, Repairs, Taxes
Exterior
Building Information
Number Of Buildings: 1
Construction Materials: Brick, Vinyl Siding
Building Area Total: 3285.0
Exterior Features
Foundation Details: Permanent
Roof: Shingle
Property information
Above Grade Finished Area: 3285.0
Below Grade Finished Area: 0.0
Levels: One
Lot Information
Lot Size Acres: 0.41
Lot Size Area: 0.41
Lot Size Square Feet: 17859.6
Lot Size Units: Acres
Zoning: R-10
Financial
Tax Information
Tax Annual Amount: 4851.0
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Electric
Cooling: Yes
Cooling Information: Central Air
Location
School Information
Elementary School: Wake - Penny
Middle Or Junior School: Wake - Apex
Location Information
County Or Parish: Wake
Directions: South on Lake Wheeler. L on Peach Creek. R on Tischer
Latitude: 35.744472
Longitude: -78.673519
Postal Code: 27603
Road Responsibility: Public Maintained Road
Public facts
Beds: —
Baths: 3.5
Sq. Ft.: 3,132
Stories: 1.0
Lot Size: 0.41 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1983
Year Renovated: 2003
County: Wake County
APN: 0792.11 66 8064 000
Home facts updated by county records on Aug 10, 2026
Other
Listing Date Information
Contract Status Change Date: 2024-09-12
Documents Change Timestamp: 2024-08-10T10:55:13Z
Photos Change Timestamp: 2024-08-10T07:15:05Z
Around this home
Schools
Penny Road Elementary
Public K-5 • Assigned • 7.2mi
4/10
Apex Middle
Public 6-8 • Assigned • 9.9mi
10/10
Apex High
Public 9-12 • Assigned • 9.3mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
60% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27603
Average low and high temperatures (°F)
49
28
55
35
70
45
77
54
79
59
90
68
91
73
82
67
81
64
73
51
66
43
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$698,000 – $845,000
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