Sold
Last Sold Price
4,434 sqft

400 Chamberlain St, Raleigh, NC 27607

OtherProperty Type
0.28 acresLot Size
1940Year Built
$226/sq ftPrice per sq ft

Description

Prime Downtown Raleigh Redevelopment Opportunity! Potential for 5 or 6 TH Lots, Or 3 to 4 SF Lots! Only 1 Block from the Village District - One of Raleigh's Hottest Areas! Current rents for four units is $6,500 a month! - So collect rent while waiting on permits! Current Survey and Preliminary foot print designs in documents. This is a great opportunity to have an income producing asset for Townhomes or Single Family sites. This listing is for 400 Chamberlain St. and 2308 Stafford Ave. combined to...Prime Downtown Raleigh Redevelopment Opportunity! Potential for 5 or 6 TH Lots, Or 3 to 4 SF Lots! Only 1 Block from the Village District - One of Raleigh's Hottest Areas! Current rents for four units is $6,500 a month! - So collect rent while waiting on permits! Current Survey and Preliminary foot print designs in documents. This is a great opportunity to have an income producing asset for Townhomes or Single Family sites. This listing is for 400 Chamberlain St. and 2308 Stafford Ave. combined to .28 acres.
  • Listed by: Bill Cobey 919.961.8888 bill@cobeyrealty.com Brokerage DRE #C27908 • Society Real Estate, LLC
Listing closed: 04/17/2026 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10129596
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Location

Listing Courtesy of Society Real Estate, LLC

Sold By Rich Realty Group

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Payment Calculator

$6,151 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,339

Property Taxes

$812

HOA Dues

$0

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Property Information for 400 Chamberlain Street

Property Details

  • Taxes: $9,749 / year
  • MLS Type: Commercial Sale / Multi Family
  • County: Wake County
  • Zoning Description: RX-3 on both
  • Subdivision: NOT IN SUBDIVISION

Building Information

  • Stories: 1
  • Year Built: 1940
  • Lot Size: 0.28 AC / 12,196 SF

Summary

Location and General Information
  • Zoning: RX-3 on both
  • Directions: Oberlin to Clark to right on Chamberlain - Corner of Chamberlain and Stafford
  • Subdivision Name: NOT IN SUBDIVISION
  • Latitude: 35.790598
  • Longitude: -78.665026
  • Road Surface Type: Paved
Taxes and HOA Information
  • Tax Annual Amount: $9,749.00
  • City Limits Of: Raleigh
  • Has City Limits: Yes
Contract Information
  • Lease Expiration Date: 2026-04-30
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: Less Than 1 Year
  • Due Diligence Expiration Date: 2026-03-16

Property

Lot Information
  • Building Area Total: 4434.0
  • Lot Features: See Remarks
  • Lot Size Dimensions: 83x150x84x150
  • Parcel Number: Pin # 0794923844 and Pin # 0794924804
  • List PriceAcre: 4464285.71
  • Sold PriceAcre: 3571428.57
  • Sold PriceList Price: 0.8
Property and Assessments
  • New Construction: No
  • Business Type: Residential
Utilities
  • Sewer: Public Sewer

Interior and Exterior Features

Exterior Features
  • Construction Materials: Brick
  • Roof: Shingle
  • New Construction Type: Brick
Interior Features
  • Stories: 1
  • Flooring: Carpet, Vinyl, Wood
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Common Area

Multi Family

Multi Family Information
  • Number Of Units Leased: 3

Rental

Rental Information
  • Lease Term: Other
  • TenantPays: Water

Property History for 400 Chamberlain Street

DateEvent & SourcePriceAppreciation
Apr 17, 2026

Sold

Doorify MLS (fka Triangle MLS) #10129596

$1,000,000—
Apr 15, 2026

Sold (Public Record)

Public Record #1938073095

$900,000

-8.2% / yr

Feb 17, 2026

Pending

Doorify MLS (fka Triangle MLS) #10129596

—
DateEvent & SourcePrice
04/17/2026

Sold

Doorify MLS (fka Triangle MLS) #10129596

$1,000,000
04/15/2026

Sold (Public Record)

Public Record #1938073095

$900,000

-8.2% / yr

02/17/2026

Pending

Doorify MLS (fka Triangle MLS) #10129596

—

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

Public records

400 Chamberlain Street

Total Finished SqFt

4,434 SqFt

Above Grade Finished SqFt

4,434 SqFt

Stories

1

Lot Size

8,712 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1940

Schools near 400 Chamberlain 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 - 6 to 13
Rating
School
Distance
Olds Elementary
PublicPK to 5

Martin Middle
Public6 to 8

Needham Broughton High
Public9 to 12

Wake Young Women's Leadership Academy
Public6 to 13

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 Society Real Estate, LLC

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.