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Local Realty Service Provided By: Coldwell Banker Realty

409 Alston Street, 
Raleigh, NC 27601

$582,000


4

Beds


3

Baths


2,032

Sq Ft


Multi-Family

Sold

Listed by

Landon Stone

Real Broker, LLC.

919-348-2585

MLS#

10154478

Source:

RD

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Source MLS Verified

About This Home

409 Alston Street

Downtown Raleigh Investment Opportunity -- STR Eligible + Rooftop Views. This 4-bedroom townhome style condo offers one of the most flexible ownership opportunities in Downtown Raleigh with the rare opportunity to secure instant equity with the recently 2025 appraised value WAY ABOVE list price. With short-term rental eligibility, a multi-level layout, and 4 private bedrooms, the property is well suited for investors, house-hack buyers, or shared living arrangements. Located just minutes from Downtown Raleigh, Transfer Co. Food Hall, Moore Square, and Fayetteville Street, this multi-level 4 bedroom / 3 full bath home delivers a true urban lifestyle with premium design. Thoughtfully crafted interiors feature a 5-zone HVAC system for personalized comfort, herringbone hardwood flooring, recessed lighting, custom tile work, and sleek modern finishes throughout. The kitchen showcases Samsung Bespoke appliances, gas range, quartz counter tops and contemporary cabinetry. The primary suite features an ensuite bathroom with a sleek modern design, dual vanity, and large soaking tub and rain down shower for a spa like experience, additionally features a walk in closet with custom shelving and a private balcony for added outdoor living. A thoughtfully designed laundry room continues the sleek modern design and natural tones with custom cabinetry, matching front loan Samsung washer and dryer units, and a counter top for the easy of folding. The third/top floor is creatively designed as a flex space that can be used as the forth bedroom/guest room, home office, or an entertainment space with a wet bar, wine fridge, and direct access to the rooftop terrace offering impressive skyline views of Downtown Raleigh. The two additional bedrooms offer ensuite or direct bath access--ideal for guests, roommates, or shared living arrangements. The property's unique connected two-unit configuration provides outstanding versatility. Buyers or investors Interested in both units together for the positive financial gain of renting out both units or living in one - renting out the other; the Combined units feature a total of 8 bedrooms and 6 full bathrooms. The layout supports co-living, multi-generational living, work-from-home setups, income-producing opportunities, or shared ownership. Eligible for short-term and mid-term rental use. Ownership structure is flexible--fractional/co- ownership and LLC buyers are permitted under the declaration; additionally permitted to dissolve the HOA should you wish. Energy-efficient and low-maintenance features include a tankless water heater and metal roof. Professional landscaping and the private parking pads add to the overall aesthetic appeal of this property. Surrounded by restaurants, breweries, coffee shops, parks, and cultural attractions, this residence combines modern design, downtown convenience, and strong attraction value. An excellent choice for anyone seeking a contemporary urban home with built-in equity and exceptional flexibility, located in Downtown Raleigh, and close proximity to top rated schools. Schedule your showing today!

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 2025

Subdivision & Development:

Not in a Subdivision

Price Summary

599,000

$294 per Sq. Ft.

MLS #:

10154478

Sold:

May 29, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,032 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary, Modern

Building Area:

2,032 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$599,000

Price per Sq. Ft:

$294 per Sq. Ft.

MLS Logo
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2026 Doorify MLS of North Carolina. All rights reserved. RD Member Broker: Danny Misenheimer