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About this home
Investment Opportunity in Downtown Raleigh. Income-Producing Multi-Unit Property! Three of the four units are currently leased, representing $4,075 in projected monthly gross rental income ($48,900 annually), with Unit 3 offering an opportunity for additional revenue. Unit 1 is leased at $1,475/month, Unit 2 is leased at $1,500/month, and Unit 4 is leased at $1,100/month. Located in the heart of Raleigh's Historic Oakwood neighborhood! Minutes from Downtown Raleigh's restaurants, shopping, entertainment, and employment centers. The property has undergone renovations and improvements while retaining the charm and character of its historic surroundings. Whether you're looking to expand your investment portfolio, establish a long-term rental investment, or explore an owner-occupied investment opportunity, this property offers multiple possibilities in an established, desirable Raleigh location. Don't miss your chance to invest in Historic Oakwood!
Features
Bedrooms
- Bedrooms: 6
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Appliances
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air, Electric, Gas, Varies by Unit
- Heating Features: Electric, Forced Air, Gas Pack, Varies by Unit
- Heating: Yes
- Ceiling Fans: Yes
Interior Features
- Flooring: Hardwood
Exterior and Lot Features
- Patio And Porch Features: Covered, Deck, Front Porch, Patio
- Road Maintenance: Public Maintained Road
- Patio: Yes
- Porch: Yes
- Deck: Yes
Land Info
- Lot Size Acres: 0.1
- Lot Size Square Feet: 4356
Garage and Parking
- Open Parking: No
- Other Parking: Driveway, street parking.
- Parking Features: Driveway, On Street
Home Features
- View: Downtown
Homeowners Association
- Association: No
Multi-Unit Info
- Number of Units: 4
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Full Bathrooms in Unit-1: 2
- Full Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-3: 1
- Full Bathrooms in Unit-4: 1
- Unit 4 Total Actual Rent: 1100
Building and Construction
- Year Built: 1910
- Building Area Total: 3677
- Foundation Details: Crawlspace
- Levels: Two
- Property Age: 116
- Property Condition: Updated/Remodeled
- Roof: Shingle
- Levels or Stories: 2
- Structure Type: Quadruplex
- Total Above Grade Sqft Area: 3677
- Total Area Sqft: 3677
Utilities
- Sewer: Public Sewer
- Water Source: Public
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Listing courtesy of EXP Realty LLC (Anna Powell). Listing data from DoorifyMLS (MLS# 10174559). ©2026 Doorify MLS of North Carolina. All rights reserved. Information is deemed reliable but not guaranteed and should be independently verified. Price and availability may change.