INNOVATE Real Estate
017-404 E Edenton St [3139325]_017 - 404 E Edenton Street, Raleigh, NC 27601, Raleigh
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57 photos

$850,000

404 E Edenton Street, Raleigh, NC 27601
Raleigh, NC 27601
Listed by Anna Powell · EXP Realty LLC
Bedrooms
6
Bathrooms
5
Living area
N/A
Year built
1910

About this home

Located in the Historic Oakwood community in Downtown Raleigh, this rental property is an exceptional investment opportunity! Updated four-unit property offering a mix of one and two bedroom units featuring UPDATED KITCHENS & BATHROOMS, REFINISHED HARDWOOD FLOORS, and IN-UNIT LAUNDRY. Turnkey property with strong rental appeal and appreciation potential. Tenants will enjoy being close to Downtown Raleigh's restaurants, shops, parks, and entertainment. Current furniture and washer/dryer units convey with acceptable offer.

Property details

MLS #
10174559
Property type
Quadruplex
Subdivision
Historic Oakwood
Status
Active
Days on market
117
On market date
June 17, 2026
Stories
N/A
Total bathrooms
5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.1 acres

Location

Get directions →
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Conn Elementary
1.18 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
462
Student:teacher ratio
11.8:1
District
Wake County Schools
Middle
Oberlin Middle
2.67 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,202
Student:teacher ratio
15.2:1
District
Wake County Schools
High
Needham Broughton High
1.29 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,098
Student:teacher ratio
16.1:1
District
Wake County Schools

Walkability

Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

96
Highly walkable
out of 100
EPA National Walkability Index
18.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores12
Parks20
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Raleigh, from live MLS data.

On the market 117 days -- 10 more days than Raleigh's current average of 107 days.
For reference, the median list price across 2,846 active listings in Raleigh right now is $375,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,269/mo
$170,000 down
$680,000 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated September 9, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.