1334 S State St

2,704 Sq. Ft.
$289 / Sq. Ft.
2,704
Sq. Ft.
$289
per Sq. Ft.

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.
  1. Listed by Natalee Choby • Rich Realty Group

Property Details for 1334 South State Street

View
Yes
Showings Expected to Begin
06-20-2024
Subdivision
Not in a Subdivision
LISTING CLOSED: 11/27/2024 12:00 AM

Property Details for 1334 South State Street

StatusClosed
MLS #10035971
Taxes$2,899 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1981
Lot Size0.33 AC / 14,374 SF
CountyWake County
Add your commute

Building Information for 1334 South State Street

Stories1Residences4Year Built1981Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$4,219 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,977

Property Taxes

$242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1334 South State Street

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
  • City Limits YN: Yes
  • Lot Number: 1
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2025-04-30
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1
  • 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: Yes
  • Parking Features: Off Street, On Site
  • Attached Garage: No
Property
Lot Information
  • Building Area Total: 2704.0
  • Lot Features: Cleared, Level
  • Lot Size Dimensions: 100 x 146 x 100 x 148
  • Architectural Style: Contemporary
  • Total Other Area Sq Ft: 0
  • Number Of Buildings: 1
  • Parcel Number: 1713123116
  • Structure Type: Multi Family, Quadruplex
  • Sold PriceList Price: 0.95
Property and Assessments
  • New Construction: No
  • Photos Count: 14
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Common Walls: 1 Common Wall, 2+ Common Walls, End Unit
  • Community Features: None
  • Senior Community: No
  • Property Condition: Updated/Remodeled
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Electricity Connected, Natural Gas Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: HardiPlank Type
  • Exterior Features: Private Entrance
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: HardiPlank Type, Multi Family, Quadruplex
Interior Features
  • Levels: One
  • Stories: 1
  • Fireplace Y N: No
  • Flooring: Laminate, Vinyl
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Forced Air
  • Heating?: Yes
  • Appliances: Dishwasher, Oven, Range Hood, Refrigerator
  • Laundry Features: In Hall, In Unit, Main Level
  • Interior Features: Living/Dining Room Combination, Quartz Counters
  • Spa Features: None
  • Spa: No
  • Equipment Appliances: Dishwasher, Oven, Range Hood, Refrigerator
  • Interior: Electricity Connected, Natural Gas Connected, Water Connected, Off Street, On Site, HardiPlank Type, In Hall, In Unit, Main Level
  • Equipment: Dishwasher, Oven, Range Hood, Refrigerator, In Hall, In Unit, Main Level, Off Street, On Site
Multi Family
Unit Information
  • Total Units: 4
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 12 Months
  • TenantPays: All Utilities, Cable TV, Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Grounds Care, Hot Water, Pest Control, Sewer, Telephone, Trash Collection, Water
Units Information
Unit One
  • Unit One: Actual Rent: 1500.0
  • Unit One: Baths Total: 1.0
  • Unit One: Dishwasher: true
  • Unit One: Kitchen: true
  • Unit One: Levels: One
  • Unit One: Living Room: true
  • Unit One: Porch: true
  • Unit One: Refrigerator: true
  • Unit One: Unit Type Total Rent: 1500.0
  • Unit One: Unit Type: 2 Bedroom
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Actual Rent: 1500.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Dishwasher: true
  • Unit Two: Kitchen: true
  • Unit Two: Levels: One
  • Unit Two: Refrigerator: true
  • Unit Two: Unit Type Total Rent: 1500.0
  • Unit Two: Unit Type: 2 Bedroom
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Actual Rent: 1500.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Dishwasher: true
  • Unit Three: Kitchen: true
  • Unit Three: Levels: One
  • Unit Three: Porch: true
  • Unit Three: Refrigerator: true
  • Unit Three: Unit Type Total Rent: 1500.0
  • Unit Three: WasherDryer Hookups: true
Unit Four
  • Unit Four: Actual Rent: 1500.0
  • Unit Four: Baths Total: 1.0
  • Unit Four: Beds Total: 2.0
  • Unit Four: Dishwasher: true
  • Unit Four: Kitchen: true
  • Unit Four: Levels: One
  • Unit Four: Living Room: true
  • Unit Four: Refrigerator: true
  • Unit Four: Unit Type Total Rent: 1500.0
  • Unit Four: WasherDryer Hookups: true

Property History for 1334 South State Street

DateEvent & SourcePriceAppreciation
Nov 27, 2024

Sold

TRIANGLEMLS #10035971

$782,500
Oct 21, 2024

Sold (Public Record)

Public Record #1543081580

$782,500

+67.1% / yr

Sep 5, 2024

Pending

TRIANGLEMLS #10035971

DateEvent & SourcePrice
11/27/2024

Sold

TRIANGLEMLS #10035971

$782,500
10/21/2024

Sold (Public Record)

Public Record #1543081580

$782,500

+67.1% / yr

09/05/2024

Pending

TRIANGLEMLS #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.

Similar Homes

Nearby off-market homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rich Realty Group

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.