For sale

Price cut: $12.5K (3/26)

$435,000

740 Quarry St, Raleigh, NC 27601

2beds

936sqft

Est.:

Duplex, Multi Family

Built in 1948

-- sqft lot

$421,800 Zestimate^®

$465/sqft

$-- HOA

What's special

Modern finishesFully updated duplexAbundant natural lightStylish furnishings throughoutSpacious backyardSuper cozy layoutStainless steel appliances

Discover a rare investment opportunity in the heart of Downtown Raleigh! This fully updated duplex offers turnkey convenience with modern finishes, stainless steel appliances, and stylish furnishings throughout. Currently operating as a successful Airbnb with consistent bookings, this property is perfect for investors searching for immediate cash flow. Both units feature a super cozy layout, abundant natural light, and thoughtful upgrades. Major systems—including the roof and HVAC (2024)—have already been taken care of, giving you peace of mind for years to come. Enjoy a spacious backyard, ideal for entertaining, relaxing, or adding future enhancements. With its unbeatable downtown location, you're just steps from Raleigh's best dining, entertainment, and attractions. Whether you're expanding your portfolio or looking for a high-performing short-term rental, this duplex stands out as a truly exceptional find.

114 days

1,251

47

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Electric

Cooling

Ductless

Appliances

Included: Electric Oven, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
Laundry: In Unit, Laundry Closet

Features

Bar, Breakfast Bar, Granite Counters, Open Floorplan, Smart Camera(s)/Recording, Smooth Ceilings, Walk-In Shower
Flooring: Laminate
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 936
Total interior livable area: 936 sqft
Finished area above ground: 936
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Aggregate, Driveway, Gravel
Uncovered spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Porch
Exterior features: Private Entrance, Private Yard, Smart Lock(s)
Fencing: Chain Link, Partial, Wood
Has view: Yes

Lot

Size: 7,405.2 Square Feet
Features: Back Yard, City Lot, Cleared, Front Yard

Details

Parcel number: 171313145980000 0001529
Zoning: R-10
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Block, Concrete
Foundation: Concrete, Block
Roof: Shingle

Condition

New construction: No
Year built: 1948

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Quarry Hills

HOA

Has HOA: No

Location

Region: Raleigh

Financial & listing details

Price per square foot: $465/sqft
Tax assessed value: $356,571
Annual tax amount: $3,149
Date on market: 12/15/2025

Estimated market value

$421,800

$401,000 - $443,000

$1,459/mo

Price history

Date	Event	Price
3/26/2026	Price change	$435,000-2.8%$465/sqft
Source: Doorify MLS #10137334 Report a problem
2/6/2026	Price change	$447,500-0.6%$478/sqft
Source: Doorify MLS #10137334 Report a problem
12/15/2025	Listed for sale	$450,000+9.8%$481/sqft
Source: Doorify MLS #10137334 Report a problem
9/19/2024	Sold	$410,000+2.5%$438/sqft
Source: Doorify MLS #10043600 Report a problem
7/29/2024	Pending sale	$400,000$427/sqft
Source: Doorify MLS #10043600 Report a problem
7/26/2024	Listed for sale	$400,000+100%$427/sqft
Source: Doorify MLS #10043600 Report a problem
3/12/2024	Sold	$200,000+0.5%$214/sqft
Source: Public Record Report a problem
12/8/2022	Sold	$199,000$213/sqft
Source: Doorify MLS #2482636 Report a problem
11/11/2022	Pending sale	$199,000$213/sqft
Source: Doorify MLS #2482636 Report a problem
11/7/2022	Listed for sale	$199,000+192.6%$213/sqft
Source: Doorify MLS #2482636 Report a problem
2/24/2021	Listing removed	--
Source: Owner Report a problem
3/20/2020	Listing removed	$650$1/sqft
Source: Owner Report a problem
3/17/2020	Listed for rent	$650$1/sqft
Source: Owner Report a problem
1/11/2020	Listing removed	$650$1/sqft
Source: Owner Report a problem
1/7/2020	Listed for rent	$650$1/sqft
Source: Owner Report a problem
1/17/2008	Sold	$68,000+115.9%$73/sqft
Source: Public Record Report a problem
8/8/2003	Sold	$31,500$34/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,150 +63.3%	$356,571 +64%
2024	$1,929 +8.9%	$217,477 +36.9%
2023	$1,772 +7.5%	$158,865
2022	$1,649 +4%	$158,865
2021	$1,586 +1.8%	$158,865
2020	$1,557 +128.4%	$158,865 +186.8%
2019	$682	$55,394
2018	$682 +10.7%	$55,394
2017	$616 +2%	$55,394
2016	$604 -1%	$55,394 +0.5%
2015	$611 +5.1%	$55,105
2014	$581	$55,105
2013	--	$55,105
2012	--	$55,105
2011	--	$55,105
2010	--	$55,105
2009	--	$55,105
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	--
2002	--	--
2001	--	--