400 Chamberlain Street, Raleigh, NC 27607 - Photo 1

1/1

$1,000,000

Sold
Closed
Commercial Multi-Family
4,434 Sq. Ft.
0.28 Acres
Updated 6 days ago

1/1

Property Description

Prime Downtown Raleigh Redevelopment Opportunity!!!! Potential for 5 or 6 TH Lots, Or 3 to 4 SF Lots!!! Only 1 Block from the Village District - One of Raleigh's Hottest Areas! Current rents for four units is $6,500 a month! - So collect rent while waiting on permits! Current Survey and Preliminary foot print designs in documents. This is a great opportunity to have an income producing asset for Townhomes or Single Family sites. This listing is for 400 Chamberlain St. and 2308 Stafford Ave. combined to .28 acres.

Full Property Details

Full Property Details for 400 Chamberlain St

General

Sold For: $1,000,000
Taxes: $9,749
Status: Closed
Type: Commercial Multi-Family
Source: 2218
MLS ID: 10129596
Added to Site: 187 day(s) ago

Rental Information

Lease/Rent Term: Other

Interior

Flooring: Carpet, Vinyl, Wood

Rooms

Other Rooms

Laundry: Common Area

Location

County: Wake
Driving Directions: Oberlin to Clark to right on Chamberlain - Corner of Chamberlain and Stafford
City Limits: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Central

Utilities

Sewer: Public Sewer

Structural Information

Exterior Const.: Brick
Roof: Shingle
Stories/Levels: 1
Building Size: 4434
Square Feet: 4,434
Year Built: 1940

Lot Features

Lot Size (Acres): 0.28
Lot Size (Sq. Ft.): 12,196.8
Lot Dimensions: 83 x 150 x 84 x 150
Street/Road Desc.: Paved
Lot Features: See Remarks
Zoning: RX-3 on both

Financial Considerations

Price Per Acre: $4,464,285.71
Tax Amount: $9,749

Disclosures and Reports

Special Conditions: Standard
Property ID: Pin # 0794923844 and Pin # 0794924804

Listed by Society Real Estate, LLC, Bill Cobey (919) 961-8888
Sold by Rich Realty Group, Arya Asgari

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Listing agent

— 400 Chamberlain St —

Bill Cobey

Society Real Estate, LLC

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Schools

Schools serving 400 Chamberlain St

School District:Wake County Schools

Name	Grades	Distance
Olds Elementary 204 Dixie Trail, Raleigh, NC 27607	PK-5	0.6 mi
Martin Middle 1701 Ridge Road, Raleigh, NC 27607	6-8	1.9 mi
Needham Broughton High 723 Saint Marys Street, Raleigh, NC 27605	9-12	0.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 400 Chamberlain St

Date

Details

Price

Change

Source

4/17/2026

Sold

$1,000,000

-20%

MLS

11/21/2025

Price Reduced

$1,250,000

-7.41%

MLS

10/23/2025

Listed

$1,350,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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400 Chamberlain Street, Raleigh, NC 27607 (MLS# 10129596) is a Commercial Multi-Family property that was sold at $1,000,000 on April 17, 2026. Want to learn more about 400 Chamberlain Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

400 Chamberlain St Raleigh, NC 27607