509 Cape Avenue, Raleigh, NC 27601

• 6 beds |
• 4 baths |
• 2,513 sqft

Property Description

Attention investors and builders! Two fully leased duplexes in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully renovated and permitted units on large corner lot with plenty of parking on and off street with very little traffic. Individually metered for water and electric and long term tenants pay utilities (no gas). Two 1 bed/1bath and two 2 bed/1 bath. Unit 812 is furnished MTR. No HOA! This amazing location offers walkable downtown living while offering views of open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more. Amazing location for Airbnb! Long term development potential.

Listing Status:

Active

Data Last Updated:

August 6, 2026 at 3:21AM

Listing Office:

Rich Realty Group : 919-710-0256

Listing Agent:

Natalee Choby : 919-264-4977

MLS ID:

10157441

Interior

• General: Ceiling Fan(s)Eat-in KitchenKitchen/Dining Combo
• Appliances: DryerDishwasherElectric OvenElectric RangeOvenRefrigeratorWater HeaterWasher
• Laundry: In HallSee Remarks
• Flooring: LinoleumLuxury VinylTile
• A/C: DuctlessElectricMulti UnitsWall Unit(s)
• Heating: DuctlessElectric

Exterior

• General: Courtyard
• Style: Ranch
• Other Structures: Porch
• Parking: CommonConcreteGravelOn SiteOff StreetOn StreetParking spaces: 10

Construction

• Roofing: Shingle
• General: Brick VeneerBlock1Block

Location

• Road/Access: City Street
• Originating MLS: AMLSNC_TRIANGLE
• County: Wake

Lot

• Zoning: Lo46 & 47 Watsons Addition Bm1885-00027170352951327000 0017724
• View: CityPark/GreenbeltTrees/WoodsView

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: AMLSNC_TRIANGLE