Fully-leased duplex located about 2 miles south of Downtown Raleigh. Both units are 2 BD/1 BA. 521 = $550, 523 = $500. Both are month-to-month. Property has a lot of deferred maintenance and is being sold 'as is. ' There is an opportunity to raise rents with improvements.
Multi-familyProperty Type
1968Year Built
Listed by Thomas Furlow• Deaton Investment Real Estate
Listed by Stephen Deaton• Deaton Investment Real Estate
Bought with Thomas Furlow• Deaton Investment Real Estate
Fully-leased duplex located about 2 miles south of Downtown Raleigh. Both units are 2 BD/1 BA. 521 = $550, 523 = $500. Both are month-to-month. Property has a lot of deferred maintenance and is being sold 'as is. ' There is an opportunity to raise rents with improvements.
Public Records
May 3, 2000
Sold
$20,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,251 (+0.4%)
$130,000 + $238,154
$368,154
2024
$3,237 (+68.1%)
$130,000 + $238,154
$368,154
2023
$1,926 (+7.5%)
$130,000 + $238,154
$368,154
2022
$1,792 (+4.0%)
$55,000 + $118,020
$173,020
2021
$1,723 (+1.8%)
$55,000 + $118,020
$173,020
2020
$1,693 (+19.6%)
$55,000 + $118,020
$173,020
2019
$1,415 (+5.9%)
$55,000 + $118,020
$173,020
2018
$1,336 (+4.9%)
$30,000 + $88,651
$118,651
2017
$1,274 (+2.1%)
$30,000 + $88,651
$118,651
2016
$1,248 (+21.8%)
$30,000 + $88,651
$118,651
2015
$1,025 (+5.2%)
$30,000 + $88,651
$118,651
2014
$974 (+6.8%)
$38,000 + $57,132
$95,132
2013
$912
$38,000 + $57,132
$95,132
2012
$912 (+1.0%)
$38,000 + $57,132
$95,132
2011
$903
$38,000 + $57,132
$95,132
Tax history for 521 Ileagnes Dr
Year
Property tax
Land + Additions
Assessment*
2025
$3,251 (+0.4%)
$130,000 + $238,154
$368,154
2024
$3,237 (+68.1%)
$130,000 + $238,154
$368,154
2023
$1,926 (+7.5%)
$130,000 + $238,154
$368,154
2022
$1,792 (+4.0%)
$55,000 + $118,020
$173,020
2021
$1,723 (+1.8%)
$55,000 + $118,020
$173,020
2020
$1,693 (+19.6%)
$55,000 + $118,020
$173,020
2019
$1,415 (+5.9%)
$55,000 + $118,020
$173,020
2018
$1,336 (+4.9%)
$30,000 + $88,651
$118,651
2017
$1,274 (+2.1%)
$30,000 + $88,651
$118,651
2016
$1,248 (+21.8%)
$30,000 + $88,651
$118,651
2015
$1,025 (+5.2%)
$30,000 + $88,651
$118,651
2014
$974 (+6.8%)
$38,000 + $57,132
$95,132
2013
$912
$38,000 + $57,132
$95,132
2012
$912 (+1.0%)
$38,000 + $57,132
$95,132
2011
$903
$38,000 + $57,132
$95,132
*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
—
Stories
2
Lot width
—
Lot depth
—
Lot size
7,841 Sq. Ft.
Year renovated
1998
Sq. Ft.
2,240
Year built
1968
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
1702.10 36 8233 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-4
Residential-4 District
Subject to the density restriction of 4 units per acre, R-4 allows single-unit living in a detached house with a minimum lot size of 10,000 sq ft.; Decreased minimum lot sizes are permitted as part of a compact development.; Additional building types, smaller lot sizes and increased density as part of a conservation development are allowed in exchange for preserving common open space.
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: Carpet, Hardwood, Vinyl
Room Information
Crawl Space
Multi-Family Financial Information
Number Of Units Total: 2
Owner Pays: None
Exterior
Building Information
Construction Materials: Vinyl Siding
Building Area Total: 0.0
Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Square Feet: 0.0
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Electric, Wall Furnace
Cooling: Yes
Cooling Information: 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: From Downtown Raleigh, go south on S. Saunders. Turn right onto Ileagnes and property is on the left.
Latitude: 35.744941
Longitude: -78.65007
Postal Code: 27603
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,240
Stories: 2.0
Lot Size: 7,841 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1968
Year Renovated: 1998
County: Wake County
APN: 1702.10 36 8233 000
Home facts updated by county records on Aug 10, 2026
Other
Listing Date Information
Contract Status Change Date: 2017-02-07
Documents Change Timestamp: 2023-11-28T22:02:40Z
Photos Change Timestamp: 2023-11-28T21:57:30Z
Around this home
Schools
Salem Elementary
Public PreK-5 • Assigned • 11.3mi
9/10
Salem Middle
Public 6-8 • Assigned • 11.1mi
10/10
Athens Drive High
Public 9-12 • Assigned • 3.8mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
9/10 Flood Factor
Estimated 80%+ chance 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
55% 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
72
82
67
81
62
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 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
Estimated sale price
$384,000 – $465,000
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