OFF MARKET

Off market nov 2022 for $1.2M

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Est. refi paymentEst. refi $2,733/mo

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— ba

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sq ft

409 Gardner St, Raleigh, NC 27607

About this home

This property is offered AS IS. Located in the urban core of Raleigh, N. C. , this six unit building is uniquely situated inside the beltline across the street from Raleigh’s Rose Garden, and is within walking distance of N. C. State University. The property features (4), two-bedroom units on the main floor and (2) one-bedroom units on the lower level. There is a common laundry room in the basement shared by all residents. This property is well-positioned for value-add improvements. Buyers should research land values in the neighborhood and the potential to subdivide the lot. Owner pays water and is approximately $340 per month. Tenants pay all other utilities. Lease Exp. & Current Rents: Unit 405: 9/30/2022 ($1,175), Unit 407:VACANT ($1,300 Estimated Market Rent), Unit 409: 3/31/2023 ($850), Unit 411: 6/30/23 ($1,275), Unit 413: 3/31/23 ($1,175), Unit 415: 4/30/23 ($700)

Single-familyProperty Type

1930Year Built

Listed by Daniel Pogue • Deaton Investment Real Estate

Listed by Thomas Furlow • Deaton Investment Real Estate

Bought with Thomas Furlow • Deaton Investment Real Estate

Redfin checked: a minute ago

•Source:TMLS #2473787

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 27607, NC

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.0%

0.1% MoM

Median sale price

$705K

$45K MoM

Avg. days on market

50d

3 days MoM

Recently sold homes

13 MoM

New listings for sale

$400,000
3 beds2 baths1,566 sq ft
1412 Princess Anne Rd, Raleigh, NC 27607
$1,475,000
4 beds4.5 baths4,589 sq ft
709 Runnymede Rd, Raleigh, NC 27607
$549,000
2 beds1 bath786 sq ft
2316 Bedford Ave, Raleigh, NC 27607
See all

Provided by Redfin

Sale history for 409 Gardner St

Date

Event

Price

TMLS #2473787

Nov 3, 2022

Sold

$1,260,000

Sep 23, 2022

Pending

—

Sep 12, 2022

Listed

$1,295,000

+25

This property is offered AS IS. Located in the urban core of Raleigh, N. C. , this six unit building is uniquely situated inside the beltline across the street from Raleigh's Rose Garden, and is within walking distance of N. C. State University. The property features (4), two-bedroom units on the main floor and (2) one-bedroom units on the lower level. There is a common laundry room in the basement shared by all residents. This property is well-positioned for value-add improvements. Buyers should research land values in the neighborhood and the potential to subdivide the lot. Owner pays water and is approximately $340 per month. Tenants pay all other utilities. Lease Exp. & Current Rents: Unit 405: 9/30/2022 ($1,175), Unit 407:VACANT ($1,300 Estimated Market Rent), Unit 409: 3/31/2023 ($850), Unit 411: 6/30/23 ($1,275), Unit 413: 3/31/23 ($1,175), Unit 415: 4/30/23 ($700)

Public Records

Aug 21, 2003

Sold

$410,000

Public Records

Feb 26, 1992

Sold

$125,000

Public Records

Apr 4, 1989

Sold

$125,000

Year

Property tax

Land + Additions

Assessment*

2025

$10,657 (+0.4%)

$450,000 + $758,227

$1,208,227

2024

$10,613 (+35.3%)

$450,000 + $758,227

$1,208,227

2023

$7,843 (+7.5%)

$450,000 + $758,227

$1,208,227

2022

$7,294 (+4.0%)

$315,000 + $393,577

$708,577

2021

$7,014 (+1.8%)

$315,000 + $393,577

$708,577

2020

$6,888 (+25.6%)

$315,000 + $393,577

$708,577

2019

$5,486 (+5.9%)

$315,000 + $393,577

$708,577

2018

$5,179 (+4.9%)

$126,000 + $337,055

$463,055

2017

$4,937 (+2.1%)

$126,000 + $337,055

$463,055

2016

$4,837 (+1.7%)

$126,000 + $337,055

$463,055

2015

$4,758 (+5.3%)

$126,000 + $337,055

$463,055

2014

$4,517 (+6.9%)

$270,000 + $177,949

$447,949

2013

$4,226

$270,000 + $177,949

$447,949

2012

$4,226 (+1.0%)

$270,000 + $177,949

$447,949

2011

$4,185

$270,000 + $177,949

$447,949

Tax history for 409 Gardner St

Year

Property tax

Land + Additions

Assessment*

2025

$10,657 (+0.4%)

$450,000 + $758,227

$1,208,227

2024

$10,613 (+35.3%)

$450,000 + $758,227

$1,208,227

2023

$7,843 (+7.5%)

$450,000 + $758,227

$1,208,227

2022

$7,294 (+4.0%)

$315,000 + $393,577

$708,577

2021

$7,014 (+1.8%)

$315,000 + $393,577

$708,577

2020

$6,888 (+25.6%)

$315,000 + $393,577

$708,577

2019

$5,486 (+5.9%)

$315,000 + $393,577

$708,577

2018

$5,179 (+4.9%)

$126,000 + $337,055

$463,055

2017

$4,937 (+2.1%)

$126,000 + $337,055

$463,055

2016

$4,837 (+1.7%)

$126,000 + $337,055

$463,055

2015

$4,758 (+5.3%)

$126,000 + $337,055

$463,055

2014

$4,517 (+6.9%)

$270,000 + $177,949

$447,949

2013

$4,226

$270,000 + $177,949

$447,949

2012

$4,226 (+1.0%)

$270,000 + $177,949

$447,949

2011

$4,185

$270,000 + $177,949

$447,949

*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
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.4 Acres

Year renovated

2009

Sq. Ft.

5,455

Year built

1930

Style

Multi-Family (5+ Unit)

County

Wake County

APN

0794.16 73 7511 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 30, 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
Parking Features: Off Street

Interior

Interior Features
Flooring: Hardwood, Luxury Vinyl, Vinyl

Multi-Family Financial Information
Number Of Units Total: 6
Owner Pays: Water

Exterior

Building Information
Construction Materials: Brick
Building Area Total: 0.0

Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Square Feet: 0.0

Financial

Tax Information
Tax Annual Amount: 7015.0

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Heating & Cooling
Heating: Yes
Heating Information: Electric, Forced Air, Heat Pump, Natural Gas
Cooling: Yes
Cooling Information: Central Air, Electric, Heat Pump, Window Unit(s)

Location

School Information
Elementary School: Wake County Schools
Middle Or Junior School: Wake County Schools
High School: Wake County Schools

Location Information
County Or Parish: Wake
Directions: Heading West on Hillsborough St (away from downtown) turn right onto Gardner St and property will be on the left.
Latitude: 35.792482
Longitude: -78.670449
Postal Code: 27607

Public facts

Beds: —
Baths: —
Sq. Ft.: 5,455
Stories: 1.0
Lot Size: 0.4 acres
Style: Multi-Family (5+ Unit)
Year Built: 1930
Year Renovated: 2009
County: Wake County
APN: 0794.16 73 7511 000

Home facts updated by county records on Oct 30, 2026

Other

Listing Date Information
Contract Status Change Date: 2022-11-04
Documents Change Timestamp: 2023-11-29T00:23:41Z
Photos Change Timestamp: 2023-11-29T00:18:45Z

Around this home

Schools

Olds Elementary

Public PreK-5 • Assigned • 0.3mi

6/10

Martin Middle

Public 6-8 • Assigned • 1.6mi

7/10

Needham Broughton High

Public 9-12 • Assigned • 1.0mi

7/10

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, 16 days in 30 years

6/10 Wind Factor

59% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Raleigh, NC • 27607

Average low and high temperatures (°F)

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

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 409 Gardner St

Data from public records.

Address	Redfin Estimate
500 Gardner St, Raleigh, NC - Beds \| 3 Baths \| 2484 Sq. Ft.	$687,956
417 Gardner St, Raleigh, NC 5 Beds \| 4.5 Baths \| 3611 Sq. Ft.	$1,324,292

Address	Redfin Estimate
513 Gardner St, Raleigh, NC 3 Beds \| 2.5 Baths \| 2348 Sq. Ft.	$1,029,004
405 Gardner St, Raleigh, NC - Beds \| - Baths \| - Sq. Ft.	—

Address	Redfin Estimate
509 Gardner St, Raleigh, NC - Beds \| 2 Baths \| 1515 Sq. Ft.	$643,114
2718 Everett Ave, Raleigh, NC 5 Beds \| 2 Baths \| 2124 Sq. Ft.	$924,798

Property information provided by TMLS when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 27607, NC

Sale history for 409 Gardner St

Tax history for 409 Gardner St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 27607

Home values near 409 Gardner St

More real estate resources