# 509 Cape Avenue, Raleigh, NC 27601

> **TL;DR:** 6bd/4ba residential multi family, $975,000 ($388/sqft), built 1940, 2,513 sqft.
> View, A/C. Est. $4,225/mo. Listed 7 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $975,000 |
| Price/sqft | $388 |
| Bedrooms | 6 |
| Bathrooms | 4 full |
| Square Feet | 2,513 |
| Year Built | 1940 |
| Lot Size | 12,632 sqft (0.29 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 7 |

## Why This Home Stands Out

- **Views** - Park

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,225 |
| **Total** | **$4,225** |

## Nearby Schools

- **Elementary:** Wake County Schools
- **Middle:** Wake County Schools

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 1940
- 0.29 acre lot
- 10 parking spaces

## Description

### Agent Description
Attention investors and builders! Two duplexes on two deeded lots in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully updated 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 facing open park areas with walking trails and expansive green lawns! Easy access to 440/RDU, schools, hospitals and much more. One unit intentionally vacant for showings.

## Location

- **Address:** 509 Cape Avenue, Raleigh, NC 27601
- **County:** Wake
- **Neighborhood:** Not in a Subdivision
- **Coordinates:** 35.76994, -78.632094
- **Google Maps:** https://www.google.com/maps?q=35.76994,-78.632094

## Listing Agent

- **Name:** Natalee Choby
- **Brokerage:** Rich Realty Group
- **Phone:** 9192644977
- **Email:** nataleemared@yahoo.com

## Primary Photo

![509 Cape Avenue - Primary Photo](http://lh.rdcpix.com/ca72e9df5d0d5284afe21ac459b58c17l-f3373656149r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/509-cape-avenue-raleigh-nc-27601-10157441)*

---

**MLS#:** 10157441 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/509-cape-avenue-raleigh-nc-27601-10157441)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "509 Cape Avenue, Raleigh, NC 27601",
  "description": "Attention investors and builders! Two duplexes on two deeded lots in the heart of Downtown Raleigh facing the grounds of Chavis Park! Four beautifully updated 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 facing open park areas wi",
  "url": "https://www.propertysimple.com/listing/509-cape-avenue-raleigh-nc-27601-10157441",
  "image": "http://lh.rdcpix.com/ca72e9df5d0d5284afe21ac459b58c17l-f3373656149r.jpg",
  "datePosted": "2026-04-24",
  "price": 975000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "509 Cape Avenue",
    "addressLocality": "Raleigh",
    "addressRegion": "NC",
    "postalCode": "27601",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 35.76994,
    "longitude": -78.632094
  },
  "numberOfRooms": 6,
  "numberOfBathroomsTotal": 4,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 2513,
    "unitCode": "FTK"
  },
  "yearBuilt": 1940
}
```