Downtown Raleigh Quadruplex For Sale — $649,000 Prime Investment Opportunity in the New Bern Avenue BRT Corridor. Discover this exceptional quadruplex perfectly situated between New Bern Avenue and Poole Road, in the heart of Raleigh's fast-evolving Bus Rapid Transit (BRT) corridor. Strategic Location: Just 400 ± feet from the planned Raleigh Boulevard Transit Station. Spacious Design: 4,698 total SF with 3,132 SF of living area. Layout: 4 Units, 3 Stories, 8 Bedrooms, 4 Baths, and 8 Basement Laundry/Utility Rooms. Accessibility: Minutes to I-440, Downtown Raleigh, and WakeMed Hospital. This property represents a rare investment opportunity offering both steady rental income and long-term appreciation potential. Positioned near major transportation routes, planned transit infrastructure, and ongoing redevelopment, this site is ideal for investors looking to capitalize on Raleigh's continued urban growth.
Sold for $500,000 on 12/30/25
$500,000
123 Star St, Raleigh, NC 27610
8beds
4,698sqft
Quadruplex, Multi Family
Built in 1955
-- sqft lot
$629,200 Zestimate®
$106/sqft
$2,518 Estimated rent
Home value
$629,200
$598,000 - $661,000
$2,518/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 31, 2025 at 03:23am
Listed by:
Louis Ligon Gerald 919-812-3562,
Seagate NC LLC
Bought with:
Louis Ligon Gerald, 80941
Seagate NC LLC
Source: Doorify MLS,MLS#: 10127191
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Concrete, Hardwood, Vinyl
- Basement: Block, Concrete, Interior Entry
Interior area
- Total structure area: 4,698
- Total interior livable area: 4,698 sqft
- Finished area above ground: 3,132
- Finished area below ground: 1,566
Property
Parking
- Total spaces: 4
- Parking features: On Street
- Uncovered spaces: 4
Features
- Levels: Tri-Level
- Has view: Yes
Lot
- Size: 9,583 sqft
Details
- Parcel number: 1713484653
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Concrete
- Foundation: Concrete, Block, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Lincoln Park
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $500,000-23%$106/sqft |
Source:  Doorify MLS #10127191 | ||
| 10/29/2025 | Pending sale | $649,000$138/sqft |
Source: Doorify MLS #10127191 | ||
| 10/11/2025 | Listed for sale | $649,000+512.3%$138/sqft |
Source: Doorify MLS #10127191 | ||
| 2/20/2015 | Listing removed | $750 |
Source: HomePlace Management Company | ||
| 12/23/2014 | Listed for rent | $750 |
Source: HomePlace Management Company | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,738 +0.4% | $304,777 |
| 2024 | $2,727 +31.8% | $304,777 +67% |
| 2023 | $2,069 +7.3% | $182,498 |
Find assessor info on the county website
Neighborhood: South Central
Nearby schools
GreatSchools rating
- 6/10Leesville Road ElementaryGrades: K-5Distance: 9.6 mi
- 10/10Leesville Road MiddleGrades: 6-8Distance: 9.7 mi
- 9/10Leesville Road HighGrades: 9-12Distance: 9.7 mi
Schools provided by the listing agent
- Elementary: Wake - Hunter
- Middle: Wake - Ligon
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
$629,200
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
$629,200