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509 Cape Avenue, 
Raleigh, NC 27601

$969,000

6

Beds

4

Baths

2,513

Sq Ft

Multi-Family

Active

Listed by

Natalee Choby

Rich Realty Group

919-710-0256

Last updated:

July 27, 2026, 02:57 PM

MLS#

10157441

Source:

RD

Source MLS Verified

About This Home

509 Cape Avenue

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.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1940

Price Summary

969,000

$385 per Sq. Ft.

MLS #:

10157441

Last Updated:

July 27, 2026, 02:57 PM

Added:

3 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,513 Sq. Ft.

Structure

Structure

Building Area:

2,513 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

12,632

Finances & Disclosures

Finances

Price:

$969,000

Price per Sq. Ft:

$385 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

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.