Cathy Reed
Dogwood Properties
(833) 987-4680
133 Total Sales
1 in South Park
$550,000 Price
407 Bledsoe Ave Raleigh, NC 27601
South Park Neighborhood
8
Beds
4
Baths
2,700
Sq Ft
2022
Built
Highlights
- Ranch Style House
- No HOA
- Ceiling Fan
- Wood Flooring
- Central Air
- Private Driveway
About This Home
As of November 2025Modern Downtown Raleigh Investment Opportunity - 4-Unit Multifamily
Discover upscale urban living in the heart of Downtown Raleigh with this beautifully designed four-unit multifamily property. Each thoughtfully crafted unit offers 675 square feet of modern comfort and sophisticated style. Enjoy hardwood floors in the living and bedroom areas, stylish tile in the kitchens and bathrooms, and contemporary finishes throughout. Each unit features a remodeled kitchen with quartz countertops, a classic subway tile backsplash, and premium stainless steel appliances—perfect for both tenants and future resale value. With three units already rented and one vacant, this is an ideal opportunity for investors. Whether you're looking to grow your portfolio or secure a prime piece of Raleigh real estate, this property delivers.
Last Agent to Sell the Property
Raghava Nalamada
RTP REALTY ASSOCIATES LLC License #333818 Listed on: 07/08/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,990
Year Built
- Built in 2022
Home Design
- Quadruplex
- Ranch Style House
- Block Foundation
- Architectural Shingle Roof
- Shake Siding
Interior Spaces
- 2,700 Sq Ft Home
- Ceiling Fan
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Private Driveway
- 2 Open Parking Spaces
Utilities
- Central Air
- Heat Pump System
- Community Sewer or Septic
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1703.16-84-7810-000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2025
Closed on
Nov 5, 2025
Sold by
Bought by
Seller's Agent
Raghava Nalamada
RTP REALTY ASSOCIATES LLC
Buyer's Agent
Patrick Madigan
Keller Williams Realty
List Price
$995,000
Sold Price
$875,000
Premium/Discount to List
-$120,000
-12.06%
Views
716
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,168
Avg. Annual Appreciation
6.98%
Original Mortgage
$797,862
Outstanding Balance
$789,542
Interest Rate
4.63%
Mortgage Type
VA
Estimated Equity
$129,626
Purchase Details
Closed on
Feb 22, 2023
Sold by
Bought by
Purchase Details
Closed on
Feb 20, 2023
Sold by
Bought by
Purchase Details
Closed on
Nov 28, 2022
Sold by
Bought by
Purchase Details
Closed on
Apr 27, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
4.67%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 30, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,500
Interest Rate
3.11%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Park, NC
-
Cathy Reed
-
Johnny Chappell
Johnny Chappell
Compass -- Raleigh
(984) 276-2674
906 Total Sales
19 in South Park
$418K - $789K Price Range
-
Warren Hall
Warren Hall
Compass -- Raleigh
(888) 716-3071
187 Total Sales
1 in South Park
$520,000 Price
-
Marshall Rich
Marshall Rich
Rich Realty Group
(855) 570-8641
132 Total Sales
3 in South Park
$755K - $790K Price Range
-
Rob Zelem
Rob Zelem
LPT Realty, LLC
(844) 579-1486
154 Total Sales
1 in South Park
$436,000 Price
-
Kelvin Dumas CCIM, CPM, APP, SPS
Kelvin Dumas CCIM, CPM, APP, SPS
Offer Realty
(844) 674-0734
8 Total Sales
1 in South Park
$175,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $875,000 | Heritage Title | |
| Warranty Deed | $818,000 | None Listed On Document | |
| Warranty Deed | $780,000 | Fidelity National Title | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $615,000 | None Listed On Document | |
| Warranty Deed | $390,000 | Fidelity National Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $797,862 | VA | |
| Previous Owner | $410,000 | Construction | |
| Previous Owner | $491,500 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | Sold | $875,000 | -12.1% | $324 / Sq Ft |
| 10/03/2025 10/03/25 | Pending | -- | -- | -- |
| 07/08/2025 07/08/25 | For Sale | $995,000 | -- | $369 / Sq Ft |
Source: Doorify MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,015 | $680,494 | $345,000 | $335,494 |
| 2024 | $5,990 | $680,494 | $345,000 | $335,494 |
| 2023 | $2,614 | $232,444 | $192,500 | $39,944 |
| 2022 | $2,433 | $232,444 | $192,500 | $39,944 |
| 2021 | $2,342 | $232,444 | $192,500 | $39,944 |
| 2020 | $2,300 | $232,444 | $192,500 | $39,944 |
| 2019 | $1,798 | $148,208 | $75,000 | $73,208 |
| 2018 | $1,699 | $148,208 | $75,000 | $73,208 |
| 2017 | $1,622 | $148,208 | $75,000 | $73,208 |
| 2016 | $1,590 | $148,208 | $75,000 | $73,208 |
| 2015 | $1,622 | $148,940 | $24,000 | $124,940 |
| 2014 | $1,542 | $148,940 | $24,000 | $124,940 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Raghava Nalamada
RTP REALTY ASSOCIATES LLC
-
Patrick Madigan
Buyer's Agent in 2025
Patrick Madigan
Keller Williams Realty
(919) 437-9423
2 in this area
146 Total Sales
-
Devin Kuneff
D
Buyer Co-Listing Agent in 2025
Devin Kuneff
Keller Williams Realty
(336) 706-5836
1 in this area
62 Total Sales
Map
Source: Doorify MLS
MLS Number: 10107904
APN: 1703.16-84-7810-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some IDX listings have been excluded from this IDX display. 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. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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