Modern Downtown Raleigh Investment Opportunity - 4-Unit Multifamily Discover upscale urban living in the heart of Downtown Raleigh with this beautifully designed four-unit multifamily property. Each thoughtfully crafted unit offers 675 square feet of modern comfort and sophisticated style. Enjoy hardwood floors in the living and bedroom areas, stylish tile in the kitchens and bathrooms, and contemporary finishes throughout. Each unit features a remodeled kitchen with quartz countertops, a classic subway tile backsplash, and premium stainless steel appliances—perfect for both tenants and future resale value. With three units already rented and one vacant, this is an ideal opportunity for investors. Whether you're looking to grow your portfolio or secure a prime piece of Raleigh real estate, this property delivers.
Sold for $875,000
$875,000
407 Bledsoe Ave, Raleigh, NC 27601
8beds
2,700sqft
Apartment, Multi Family, Quadruplex
Built in 2022
-- sqft lot
$877,600 Zestimate®
$324/sqft
$2,741 Estimated rent
Home value
$877,600
$834,000 - $921,000
$2,741/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 12, 2025 at 02:41pm
Listed by:
Raghav Nalamada 518-852-1443,
RTP REALTY ASSOCIATES LLC
Bought with:
Patrick Madigan, 283373
Keller Williams Realty
Devin Kuneff, 300223
Keller Williams Realty
Source: Doorify MLS,MLS#: 10107904
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Central Air
Features
- Flooring: Tile, Wood
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
- Finished area above ground: 2,700
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
Details
- Parcel number: 1703.16847810000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family, Quadruplex
Materials
- Shake Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $875,000-12.1%$324/sqft |
Source:  Doorify MLS #10107904 Report a problem | ||
| 10/6/2025 | Pending sale | $995,000$369/sqft |
Source: Doorify MLS #10107904 Report a problem | ||
| 7/8/2025 | Listed for sale | $995,000+21.6%$369/sqft |
Source: Doorify MLS #10107904 Report a problem | ||
| 2/22/2023 | Sold | $818,000+33%$303/sqft |
Source: Public Record Report a problem | ||
| 5/11/2022 | Sold | $615,000+57.7%$228/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,015 +0.4% | $680,494 |
| 2024 | $5,990 +129.2% | $680,494 +192.8% |
| 2023 | $2,614 +7.4% | $232,444 |
Find assessor info on the county website
Neighborhood: Central
Nearby schools
GreatSchools rating
- 5/10Joyner ElementaryGrades: PK-5Distance: 3.2 mi
- 6/10Moore Square Museum Magnet MidGrades: 6-8Distance: 0.5 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.8 mi
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Estimated market value
$877,600