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

$799,900

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

Investment Opportunity in Downtown Raleigh. Income-Producing Multi-Unit Property! Three of the four units are currently leased or nearing lease execution, representing $3,900 in projected monthly gross rental income ($46,800 annually), with Unit 3 offering an opportunity for additional revenue. Unit 1 is pending lease execution at $1,300/month, Unit 2 is leased at $1,500/month, and Unit 4 is leased at $1,100/month. Located in the heart of Raleigh's Historic Oakwood neighborhood! Minutes from Downtown Raleigh's restaurants, shopping, entertainment, and employment centers. The property has undergone renovations and improvements while retaining the charm and character of its historic surroundings. Whether you're looking to expand your investment portfolio, establish a long-term rental investment, or explore an owner-occupied investment opportunity, this property offers multiple possibilities in an established, desirable Raleigh location. Don't miss your chance to invest in Historic Oakwood!

Property details

MLS
Doorify MLS
MLS #
10174559
Property type
Quadruplex
Subdivision
Historic Oakwood
Status
Active
Days on market
126
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 126 days -- 37 more days than Raleigh's current average of 89 days.
For reference, the median list price across 2,873 active listings in Raleigh right now is $379,900.

Mortgage calculator

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

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%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$4,967/mo
$159,980 down
$639,920 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 2 days ago.

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.