Excellent investment opportunity! Well-maintained four-plex located just off Hillsborough Street between Raleigh and Cary, offering a prime location with easy access to I-40, downtown Raleigh, downtown Cary, shopping, dining, and major employers. Four of spacious 2-bedroom, 2-bath unit features an open floor plan, updated flooring, generous bedrooms, a private backyard, and an included washer and dryer. Strong rental demand ( Suitable for tenants participating in the Housing Choice Voucher) and excellent stable income potential make this a great addition to any investment portfolio. Currently assigned public schools are: Reedy Creek Elementary, Reedy Creek Middle and Athens Drive High School.
Multi-familyProperty Type
1985Year Built
0.38 acresLot Size
$174Price/Sq.Ft.
Listed by Craig Tribus• BEYCOME BROKERAGE REALTY LLC
Fully-leased quad, conveniently located of Hillsborough St. between Cary and the I-440 Beltline. All four units are identical 2 BD/2 BA. Leases expire: A-10/31/11, B-7/14/12, C-4/11/12, D-9/30/11. Short sale, contract must be approved by current lender (Chase). Expect 30-45 days for response on offer.
Public Records
Mar 8, 2007
Sold
$270,000
$78/sq ft
TMLS #904383
Mar 7, 2007
Sold
$269,900
$78/sq ft
Feb 9, 2007
Listing Removed
—
Dec 29, 2006
Listed
$269,900
$78/sq ft
ALL OF OUR LISTINGS ARE SOLD 'AS IS' AND ALL INSPECTIONS SHOULD BE DONE PRIOR TO GOING UNDER CONTRACT. NO FINANCING CONTINGENCY/ APPRAISAL OKAY. FULLY LEASED, WELL MAINTAINED QUAD IN WEST RALEIGH. PRICE BELOW MOST RECENT SALE. CONVENIENT TO NCSU/CARY/RALEIGH. LEASE EXP. : A - 1/30/07, B - 5/25/07, C - 60 DAY NOTICE, D - 1/28/07
Public Records
Sep 8, 1998
Sold
$213,500
$62/sq ft
TMLS #476167
Aug 8, 1998
Sold
$213,402
$62/sq ft
Jul 30, 1998
Listing Removed
—
Apr 29, 1998
Listed
$222,500
$64/sq ft
Public Records
Dec 31, 1985
Sold
$185,000
$53/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,845 (+0.4%)
$150,000 + $396,381
$546,381
2024
$4,825 (+25.3%)
$150,000 + $396,381
$546,381
2023
$3,852 (+7.5%)
$150,000 + $396,381
$546,381
2022
$3,584 (+4.0%)
$80,000 + $266,094
$346,094
2021
$3,447 (+1.8%)
$80,000 + $266,094
$346,094
2020
$3,386 (+8.0%)
$80,000 + $266,094
$346,094
2019
$3,135 (+5.9%)
$80,000 + $266,094
$346,094
2018
$2,960 (+4.9%)
$70,000 + $193,634
$263,634
2017
$2,823 (+2.1%)
$70,000 + $193,634
$263,634
2016
$2,765 (−9.6%)
$70,000 + $193,634
$263,634
2015
$3,059 (+5.3%)
$70,000 + $193,634
$263,634
2014
$2,904 (+6.9%)
$70,000 + $217,726
$287,726
2013
$2,717 (−0.6%)
$70,000 + $217,726
$287,726
2012
$2,734 (+1.0%)
$70,000 + $217,726
$287,726
2011
$2,708
$70,000 + $219,546
$289,546
Public record
Public record
Zoning
Beds
—
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.38 Acres
Year renovated
1985
Sq. Ft.
3,422
Year built
1985
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
0774.19 61 5512 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-10
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.
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: No
Parking Features: Other
Interior
Bathroom Information
Bathrooms Full: 8
Bedroom Information
Bedrooms Total: 8
Interior Features
Flooring: Carpet, Luxury Vinyl
Multi-Family Financial Information
Number Of Units Total: 4
Owner Pays: Other
Exterior
Building Information
Construction Materials: Vinyl Siding
Building Area Total: 3458.0
Structure Type: House
Exterior Features
Foundation Details: Other
Roof: Shingle
Property information
Living Area: 3,458
Above Grade Finished Area: 3458.0
Below Grade Finished Area: 0.0
Levels: Two
Lot Information
Lot Size Acres: 0.38
Lot Size Area: 0.38
Lot Size Square Feet: 16553.0
Lot Size Units: Acres
Zoning: R-10
Financial
Tax Information
Tax Annual Amount: 4845.0
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: No
Heating Information: Forced Air, None
Cooling: Yes
Cooling Information: Central Air
Location
HOA Information
Association: No
Location Information
County Or Parish: Wake
Latitude: 35.787185
Longitude: -78.742025
Postal Code: 27606
Road Responsibility: Public Maintained Road
Public facts
Beds: —
Baths: 3.5
Sq. Ft.: 3,422
Stories: 2.0
Lot Size: 0.38 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1985
Year Renovated: 1985
County: Wake County
APN: 0774.19 61 5512 000
Home facts updated by county records on Aug 10, 2026
Other
Listing Date Information
Contract Status Change Date: 2026-08-15
Documents Change Timestamp: 2026-07-22T19:19:28Z
Photos Change Timestamp: 2026-07-22T19:19:28Z
Price Change Timestamp: 2026-07-23T13:17:35Z
Listing Price Information
Previous List Price: 630000.0
Around this home
Schools
Reedy Creek Elementary
Public K-5 • Assigned • 2.2mi
7/10
Reedy Creek Middle
Public 6-8 • Assigned • 2.3mi
8/10
Athens Drive High
Public 9-12 • Assigned • 2.2mi
8/10
Provided by GreatSchools
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 104° expected this year, 17 days in 30 years
6/10 Wind Factor
53% 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 • 27606
Average low and high temperatures (°F)
49
31
55
37
70
47
77
56
79
61
90
70
92
74
83
69
81
64
72
54
66
47
54
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Raleigh. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$603,000 – $730,000
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