Sold
Last Sold Price
8 beds2,704 sqft$289/sqft
1334 S State St, Raleigh, NC 27610
Multi FamilyProperty Type
0.33 acresLot Size
1981Year Built
$289/sq ftPrice per sq ft
10 carsParking Spaces

Description

Updated and fully leased quadruplex on RX-3 corner lot blocks from Downtown Raleigh! Four 2 bed/1 bath units with ample off street parking, new roof and windows, new siding, new central air, new flooring, quartz countertops, dishwashers, and easy bus stop access on corner. Fully furnished and operated by established single tenant for STR. Tenant covers all utilities for all four units and lawn/common area maintenance. Leased through April of 2025. Great opportunity to invest in a turn key- low maintenance...Updated and fully leased quadruplex on RX-3 corner lot blocks from Downtown Raleigh! Four 2 bed/1 bath units with ample off street parking, new roof and windows, new siding, new central air, new flooring, quartz countertops, dishwashers, and easy bus stop access on corner. Fully furnished and operated by established single tenant for STR. Tenant covers all utilities for all four units and lawn/common area maintenance. Leased through April of 2025. Great opportunity to invest in a turn key- low maintenance property with many options for future development zoning of RX-3.
  • Listed by: Natalee Choby 919.264.4977 nataleemared@yahoo.com Brokerage DRE #C17633 • Rich Realty Group
Listing closed: 11/27/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10035971

Location

Listing Courtesy of Rich Realty Group
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$4,219 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,977

Property Taxes

$242

HOA Dues

$0

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Property Information for 1334 South State Street

Property Details
  • Taxes: $2,899 / year
  • MLS Type: Residential Income / Quadruplex
  • County: Wake County
  • Zoning Description: RX-3
  • Showings Expected to Begin: 06-20-2024
  • Subdivision: Not in a Subdivision
Building Information
  • Stories: 1
  • Residences: 4
  • Year Built: 1981
  • Lot Size: 0.33 AC / 14,374 SF
Summary
Location and General Information
  • Zoning: RX-3
  • Directions: From MLK take S State south. Property on hard corner of S State and Peterson
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.761141
  • Longitude: -78.624765
  • Road Frontage Type: City Street
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $2,899.00
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Lot Number: 1
  • Has Restrictive Covenants: No
Contract Information
  • Has Comp Sale: No
  • Lease Expiration Date: 2025-04-30
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Due Diligence Expiration Date: 2024-09-15
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Parking
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
  • Parking Features: Off Street, On Site
Property
Lot Information
  • Building Area Total: 2704.0
  • Lot Features: Cleared, Level
  • Lot Size Dimensions: 100x146x100x148
  • Total Other Area Sq Ft: 0.0
  • Number Of Buildings: 1
  • Parcel Number: 1713123116
  • Structure Type: Multi Family, Quadruplex
  • Sold PriceList Price: 0.95
Property and Assessments
  • New Construction: No
  • Common Walls: 1 Common Wall, 2+ Common Walls, End Unit
  • Community Features: None
  • Year Built Effective: 1981
  • Senior Community: No
  • Property Condition: Updated/Remodeled
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: None
  • Construction Materials: HardiPlank Type
  • Exterior Features: Private Entrance
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • New Construction Type: Multi Family, Quadruplex, HardiPlank Type
Interior Features
  • Levels: One
  • Stories: 1
  • Has Fireplace: No
  • Flooring: Laminate, Luxury Vinyl
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
  • Appliances: Dishwasher, Oven, Refrigerator, Range Hood
  • Laundry Features: In Hall, Main Level, In Unit
  • Interior Features: Living/Dining Room Combination, Quartz Counters
  • Spa Features: None
  • Spa: No
Multi Family
Multi Family Information
  • Number Of Units Leased: 4
  • Total Units: 4
Unit Information
Unit 1
  • Baths Total: 1.0
  • Actual Rent: $1,500.00
  • Total Rent: $1,500.00
  • Type: 2 Bedroom
  • Levels: One
  • Features: Dishwasher, Kitchen, Living Room, Porch, Refrigerator, Washer/Dryer Hookups
Unit 2
  • Baths Total: 1.0
  • Actual Rent: $1,500.00
  • Beds Total: 2.0
  • Total Rent: $1,500.00
  • Type: 2 Bedroom
  • Levels: One
  • Features: Dishwasher, Kitchen, Refrigerator, Washer/Dryer Hookups
Unit 3
  • Baths Total: 1.0
  • Actual Rent: $1,500.00
  • Beds Total: 2.0
  • Total Rent: $1,500.00
  • Levels: One
  • Features: Dishwasher, Kitchen, Porch, Refrigerator, Washer/Dryer Hookups
Unit 4
  • Baths Total: 1.0
  • Actual Rent: $1,500.00
  • Beds Total: 2.0
  • Total Rent: $1,500.00
  • Levels: One
  • Features: Dishwasher, Kitchen, Living Room, Refrigerator, Washer/Dryer Hookups
Rental
Rental Information
  • Lease Term: 12 Months
  • TenantPays: All Utilities, Common Area Maintenance, Cable TV, Electricity, Exterior Maintenance, Gas, Grounds Care, Hot Water, Pest Control, Sewer, Trash Collection, Telephone, Water

Property History for 1334 South State Street

DateEvent & SourcePriceAppreciation
Nov 27, 2024

Sold

Doorify MLS (fka Triangle MLS) #10035971

$782,500
Oct 21, 2024

Sold (Public Record)

Public Record #1543081580

$782,500

+67.1% / yr

Sep 5, 2024

Pending

Doorify MLS (fka Triangle MLS) #10035971

DateEvent & SourcePrice
11/27/2024

Sold

Doorify MLS (fka Triangle MLS) #10035971

$782,500
10/21/2024

Sold (Public Record)

Public Record #1543081580

$782,500

+67.1% / yr

09/05/2024

Pending

Doorify MLS (fka Triangle MLS) #10035971

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1334 South State Street

Taxable ValueLand$300,000Additions$392,457Total$692,457
Tax Record2025$6,119 ($510 / month)
Home Facts
Total Finished SqFt2,704 SqFtAbove Grade Finished SqFt2,704 SqFtStories1Lot Size14,375 SqFtStyleQuadraplexYear Built1981Year Renovated2016ZoningRX-3CountyWAKEAPN1713.17-12-3116 0117363

Schools near 1334 South State Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Fuller Elementary
PublicPK to 5

Carnage Middle
Public6 to 8

Needham Broughton High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Rich Realty Group

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