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$610,000
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Property Description
Excellent investment opportunity in a convenient and accessible Raleigh location! This fully remodeled quadplex over $180K invested sits on a spacious 0.87-acre lot, offering a rare combination of completely updated rental units, generous outdoor space, and strong long-term investment potential. Each unit features 2 bedrooms and 1 full bath and has been remodeled to provide a clean, modern, and low-maintenance living environment. Interior updates include fresh paint, durable luxury vinyl plank flooring throughout, and no carpet for easy upkeep. The updated kitchens feature brand-new stainless steel appliances, including a refrigerator, electric range, and range hood. Spacious bedrooms, full baths with shower/tub combinations, and optional washer/dryer access add everyday convenience and functionality. The large lot provides extra outdoor space for relaxing, entertaining, gardening, or enjoying the wooded setting and added privacy. Off-street parking and practical property features further enhance tenant appeal. Prime Raleigh location near Downtown Raleigh, just minutes from Garner, NC State University, shopping, dining, I-40, and surrounding areas. Fully leased and income-producing, this remodeled quadplex is ready for its next owner to start enjoying rental income from day one, while offering both immediate cash flow potential and long-term value.
Full Property Details
Full Property Details for MLS# 10168156
General
- Sold For: $610,000
- Taxes: $3,291
- Status: Closed
- Type: Multi-Family
- Source: 2218
- MLS ID: 10168156
- Added to Site: 100 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: Off Street
Location
- County: Wake
- Subdivision: Twin Lakes Estates
- Driving Directions: Starting from 7-Eleven Fuel, exit the parking lot toward US-401 S/US-70 E, then turn right onto US-401 S/US-70 E. Continue and turn right onto Ileagnes Rd, then turn right. The destination will be on the left.
- City Limits: Yes
School Information
- Elementary School: Wake - Salem Elementary
- Middle School: Wake - Salem Middle
- High School: Wake - Athens Drive High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air, Zoned
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Structure Type: Quadruplex
- Exterior Const.: Brick
- Roof: Shingle
- Stories/Levels: 1
- Building Size: 2792
- Square Feet: 2,792
- Sq. Ft. Source: Appraiser
- Finished Above Grnd: 2,792 Sq. Ft.
- Year Built: 1952
Lot Features
- Lot Size (Acres): 0.87
- Lot Size (Sq. Ft.): 37,897.2
Financial Considerations
- Tax Amount: $3,291.44
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 1702368432
- Lot Number: 1-4
Listed by Cary-Raleigh Realty, Inc., Hannah Chan (919) 426-1854
Sold by The Insight Group, Oscar Corrales
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Schools
Schools serving MLS# 10168156
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Salem Elementary, Apex, NC 6116 Old Jenks Road, Apex, NC 27523 | PK-5 | 11.3 mi |
Salem Middle 6150 Old Jenks Road, Apex, NC 27523 | 6-8 | 11.2 mi |
Athens Drive High 1420 Athens Drive, Raleigh, NC 27606 | 9-12 | 3.8 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 MLS# 10168156
Date
Details
Price
Change
Source
8/14/2026
Sold
$610,000
-7.58%
MLS
5/18/2026
Listed
$660,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# 10168156, Raleigh, NC 27603 (MLS# 10168156) is a Multi-Family property that was sold at $610,000 on August 14, 2026. Want to learn more about MLS# 10168156? Do you have questions about finding other 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.

