INVESTOR ALERT!! Priced $85k below the latest county assessed value! This duplex property on a residential street in the heart of Cary has so much potential. Only 0.6mi to the new Downtown Cary Park and all the great restaurants/entertainment. Priced below $195 sq/ft this is a RARE opportunity for this location! Both units have long-term tenants that are month-to-month. Unit 500 has 3 bedrooms and 2.5 baths, while Unit 502 has 2 bedrooms, 1 full bath and 2 half baths. This 0.29 acre property is deeded as one entity, but because it's a duplex there are two Town of Cary water meters, two Duke Energy electric meters, and two USPS addresses for the property. Tenants are responsible for their respective utilities.
Sold for $655,000 on 05/30/24
$655,000
500 Ridgecrest Rd, Cary, NC 27511
5beds
2,450sqft
Duplex, Multi Family
Built in 1981
-- sqft lot
$651,400 Zestimate®
$267/sqft
$1,866 Estimated rent
Home value
$651,400
$619,000 - $690,000
$1,866/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:14am
Listed by:
Penelope Wilkinson 910-603-7578,
Northside Realty Inc.
Bought with:
Scott Korbin, 152541
Compass -- Cary
Source: Doorify MLS,MLS#: 10018117
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 3
- 1/2 bathrooms: 3
Heating
- Central, Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Electric Water Heater, Free-Standing Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, In Unit, Laundry Room, Washer Hookup
Features
- Flooring: Carpet, Hardwood, Vinyl
Interior area
- Total structure area: 2,450
- Total interior livable area: 2,450 sqft
- Finished area above ground: 2,450
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
Lot
- Size: 0.29 Acres
- Dimensions: 85 x 150
- Features: Few Trees, Level
Details
- Parcel number: 0764109263
- Special conditions: Seller Licensed Real Estate Professional
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Transitional
- Property subtype: Duplex, Multi Family
Materials
- Brick Veneer, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Cary
- Subdivision: Carr Hills
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2024 | Sold | $655,000+38.2%$267/sqft |
Source:  Doorify MLS #10018117 | ||
| 3/25/2024 | Pending sale | $474,000$193/sqft |
Source: Doorify MLS #10018117 | ||
| 3/20/2024 | Listed for sale | $474,000+105.2%$193/sqft |
Source: Doorify MLS #10018117 | ||
| 6/10/2016 | Sold | $231,000+5%$94/sqft |
Source: Doorify MLS #2065291 | ||
| 5/11/2016 | Pending sale | $220,000$90/sqft |
Source: Total Source Realty #2065291 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,848 +2.2% | $560,973 |
| 2024 | $4,744 +39.1% | $560,973 +66.8% |
| 2023 | $3,410 +3.8% | $336,358 |
Find assessor info on the county website
Neighborhood: 27511
Nearby schools
GreatSchools rating
- 7/10Cary ElementaryGrades: PK-5Distance: 0.6 mi
- 8/10East Cary Middle SchoolGrades: 6-8Distance: 1.5 mi
- 7/10Cary HighGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Wake - Cary
- Middle: Wake - East Cary
- High: Wake - Cary
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$651,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$651,400