Robust rental quad opportunity in an ultra convenient location just off Millbrook. Fours units with many updates. All units are rented currently realizing $4000/month. Rare opportunity in this location.
Multi-familyProperty Type
1983Year Built
2 spacesParking
Listed by Rachel Kendall• Real Broker, LLC - Carolina Collective Realty
Listed by Gene Pitzer• Real Broker, LLC - Carolina Collective Realty
Bought with Armin Mousavi Ahmadi Mousavi• Ravand Realty
Robust rental quad opportunity in an ultra convenient location just off Millbrook. Fours units with many updates. All units are rented currently realizing $4000/month. Rare opportunity in this location.
Public Records
Dec 28, 2016
Sold
$279,000
TMLS #2097472
Dec 28, 2016
Listing Removed
—
Dec 28, 2016
Sold
$279,000
Nov 15, 2016
Pending
—
Nov 4, 2016
Listed
$279,000
+8
One-story quadraplex in NE Raleigh. All units are identical 2 BD/1 BA. Unit A is vacant, but there is an approved application at a rent of $750. Other leases expire: B-7/14/17, C-Month-to-Month (tenant since 9/12), D-10/31/17 (tenant since 11/14). Strong rental sub-market. Monthly rent = $2650. Potential monthly rent = $3000.
Public Records
Nov 18, 1987
Sold
$159,500
Public Records
May 16, 1984
Sold
$40,500
Year
Property tax
Land + Additions
Assessment*
2025
$4,766 (+0.4%)
$150,000 + $387,315
$537,315
2024
$4,747 (+43.6%)
$150,000 + $387,315
$537,315
2023
$3,305 (+7.5%)
$150,000 + $387,315
$537,315
2022
$3,076 (+3.9%)
$60,000 + $235,903
$295,903
2021
$2,959 (+1.8%)
$60,000 + $235,903
$295,903
2020
$2,906 (+3.3%)
$60,000 + $235,903
$295,903
2019
$2,813 (+5.9%)
$60,000 + $235,903
$295,903
2018
$2,657 (+4.9%)
$56,000 + $179,818
$235,818
2017
$2,533 (+2.1%)
$56,000 + $179,818
$235,818
2016
$2,482 (−4.2%)
$56,000 + $179,818
$235,818
2015
$2,592 (+5.3%)
$56,000 + $179,818
$235,818
2014
$2,462 (+6.9%)
$56,000 + $186,623
$242,623
2013
$2,304
$56,000 + $186,623
$242,623
2012
$2,304 (+1.0%)
$56,000 + $186,623
$242,623
2011
$2,282
$56,000 + $186,623
$242,623
Tax history for 4557 Hargrove Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,766 (+0.4%)
$150,000 + $387,315
$537,315
2024
$4,747 (+43.6%)
$150,000 + $387,315
$537,315
2023
$3,305 (+7.5%)
$150,000 + $387,315
$537,315
2022
$3,076 (+3.9%)
$60,000 + $235,903
$295,903
2021
$2,959 (+1.8%)
$60,000 + $235,903
$295,903
2020
$2,906 (+3.3%)
$60,000 + $235,903
$295,903
2019
$2,813 (+5.9%)
$60,000 + $235,903
$295,903
2018
$2,657 (+4.9%)
$56,000 + $179,818
$235,818
2017
$2,533 (+2.1%)
$56,000 + $179,818
$235,818
2016
$2,482 (−4.2%)
$56,000 + $179,818
$235,818
2015
$2,592 (+5.3%)
$56,000 + $179,818
$235,818
2014
$2,462 (+6.9%)
$56,000 + $186,623
$242,623
2013
$2,304
$56,000 + $186,623
$242,623
2012
$2,304 (+1.0%)
$56,000 + $186,623
$242,623
2011
$2,282
$56,000 + $186,623
$242,623
*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
1998
Sq. Ft.
3,136
Year built
1983
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
1726.13 13 1141 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
RX-3
Residential Mixed Use District-3 Stories
RX is a mixed residential district intended to provide for a variety of residential building types and housing options at density in excess of 10 du per acre.; RX can serve as a land use transition between other mixed use districts and residential neighborhoods.; RX allows limited retail and services subject to use standards that limit the size and scale to the ground floor corner unit of an apartment building.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Lodging & hospitality
Public service-Other
Recreation-Other
Park & open space
Property details
Parking
Parking Information
Parking Total: 2
Interior
Virtual Tour
Interior Features
Flooring: Carpet, Vinyl
Room Information
Crawl Space
Multi-Family Financial Information
Number Of Units Total: 4
Owner Pays: None
Exterior
Building Information
Construction Materials: Engineered Wood, Masonite
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: 2959.0
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Electric, Heat Pump
Cooling: Yes
Cooling Information: Heat Pump
Location
School Information
Elementary School: Wake - Lynn Road
Middle Or Junior School: Wake - Carroll
High School: Wake - Sanderson
Location Information
County Or Parish: Wake
Directions: south on Capital Blvd toward Calvary Dr, right onto Calvary Dr, left onto Hargrove Rd, Destination will be on the right
Latitude: 35.846117
Longitude: -78.591305
Postal Code: 27604
Public facts
Beds: —
Baths: 3.5
Sq. Ft.: 3,136
Stories: 1.0
Lot Size: 0.41 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1983
Year Renovated: 1998
County: Wake County
APN: 1726.13 13 1141 000
Home facts updated by county records on Aug 11, 2026
Other
Listing Date Information
Contract Status Change Date: 2021-12-11
Documents Change Timestamp: 2023-11-28T23:27:59Z
Photos Change Timestamp: 2023-11-28T23:27:57Z
Price Change Timestamp: 2021-12-12T00:56:37Z
Listing Price Information
Previous List Price: 599900.0
Around this home
Schools
Lynn Road Elementary
Public PreK-5 • Assigned • 4.6mi
7/10
Carroll Middle
Public 6-8 • Assigned • 2.8mi
5/10
Sanderson High
Public 9-12 • Assigned • 3.3mi
6/10
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
7/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
49% 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 • 27604
Average low and high temperatures (°F)
49
29
54
35
70
46
76
54
78
60
89
69
90
73
82
67
80
63
72
52
65
44
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
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