Historic home with three apartments: Apt 1 is 1375 sq ft with 2 bed/2 bath, remodelled kitchen designed for a chef, 12' ceilings and hardwood floors. Apts 2 and 3 are 500 and 600 sq ft and are easily rented. Generates $2400/month today.
This home could easily be converted to a single-family home.
Neighborhood Description
Mixed use and multi-family historic homes near Peace College and Krispy Kreme. Just across street from the Blount Square Development Project, which will drive the value of the property higher once project is complete.
Sold for $616,500 on 12/05/24
$616,500
209 E Peace St, Raleigh, NC 27604
4beds
4baths
2,479sqft
MultiFamily
Built in 1911
-- sqft lot
$816,000 Zestimate®
$249/sqft
$1,773 Estimated rent
Home value
$816,000
$718,000 - $930,000
$1,773/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Trash compactor, Washer
Features
- Flooring: Carpet, Hardwood
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,479 sqft
Property
Parking
- Parking features: Off-street, On-street
Features
- Exterior features: Wood
- Has view: Yes
- View description: City
Lot
- Size: 5,662 sqft
Details
- Parcel number: 1704811902
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Shake / Shingle
Condition
- Year built: 1911
Community & neighborhood
Location
- Region: Raleigh
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2024 | Sold | $616,500$249/sqft |
Source: Public Record Report a problem | ||
| 7/4/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/30/2021 | Listed for rent | $1,995$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,047 +0.4% | $574,078 |
| 2024 | $5,026 +6.4% | $574,078 +33.6% |
| 2023 | $4,725 +7.6% | $429,854 |
Find assessor info on the county website
Neighborhood: Mordecai
Nearby schools
GreatSchools rating
- 4/10Conn ElementaryGrades: PK-5Distance: 0.9 mi
- 6/10Oberlin Middle SchoolGrades: 6-8Distance: 2.2 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1 mi
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Estimated market value
$816,000
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
$816,000