About This Home

This 6-bedroom, 5-bathroom multi-family at 404 E Edenton Street in Raleigh, NC is listed for $799,900 ($218 per sqft). Built in 1910, the home offers 3,677 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1910
  • 0.10 acre lot
  • 2 stories

Property Details

2 stories
5 full
1910

Amenities

HardwoodA/C
Listing Description

Investment Opportunity in Downtown Raleigh. Income-Producing Multi-Unit Property! Three of the four units are currently leased, representing $4,075 in projected monthly gross rental income ($48,900 annually), with Unit 3 offering an opportunity for additional revenue.

Unit 1 is leased at $1,475/month, Unit 2 is leased at $1,500/month, and Unit 4 is leased at $1,100/month. Located in the heart of Raleigh's Historic Oakwood neighborhood! Minutes from Downtown Raleigh's restaurants, shopping, entertainment, and employment centers.

The property has undergone renovations and improvements while retaining the charm and character of its historic surroundings. Whether you're looking to expand your investment portfolio, establish a long-term rental investment, or explore an owner-occupied investment opportunity, this property offers multiple possibilities in an established, desirable Raleigh location. Don't miss your chance to invest in Historic Oakwood!

Monthly Cost Estimate

$4,278/mo

20% down · 6.5% · 30 years

Principal$578
Interest$3,466
Insurance$233

Estimates only. Actual payments may vary.

Location

404 E Edenton Street

Raleigh, NC 27601

Historic Oakwood

Property Details

Flooring

Hardwood

Outdoor Features

PorchDeckPatio

Parking

On StreetDriveway

Heating

Electric (Heating)Varies by Unit (Heating)Natural GasForced Air

Cooling

Varies by UnitCentral AirCeiling Fan(s)ElectricGas (Cooling)

Questions & Answers

This 6-bedroom, 5-bathroom multi-family at 404 E Edenton Street is listed at $799,900 ($218/sqft). The estimated monthly payment is $4,278 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.10 acre lot, 2 stories.

This property is listed by Anna Powell.

AP

Anna Powell

Agent at Don Anthony Realty, LLC

Listed by Don Anthony Realty, LLC · Broker phone: (919) 972-8448 · View on Broker Site · Broker website

MLS# 10174559· Source: Doorify MLS· 135 days on PropertySimple

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.

404 E Edenton Street, Raleigh, NC 27601

Open this listing in: