RENTED OCT 24, 2025

509 E Cabarrus St Raleigh, NC 27601

Olde East Raleigh Neighborhood

Estimated Value: $464,000 - $582,000

3 Beds
2 Baths
1,149 Sq Ft
$443/Sq Ft Est. Value

Highlights

  • Bamboo Flooring
  • Patio
  • Private Driveway
  • Hunter Elementary School Rated A
  • 1-Story Property
  • Dogs and Cats Allowed

About This Home

As of October 2025

Available Now! Stunning 3BR/2BA one-story home in the heart of Downtown Raleigh! This home boasts a spacious open floor plan with beautiful bamboo floors throughout. The kitchen and primary bathroom feature sleek quartz countertops. Enjoy a private, fenced-in yard that is perfect for entertaining or relaxing outdoors. Located in a prime spot, you can walk to Transfer Food Hall, Lincoln Theatre, Marbles Museum, and Moore Square Park. Surrounded by top restaurants, shopping, and entertainment, this home offers the ultimate downtown lifestyle! *Pets negotiable with an annual/non-refundable $300 pet fee per pet

Last Agent to Rent the Property

Spencer Southern

Lisa Southern Real Estate License #276712 Listed on: 08/29/2025

Last Renter's Agent

Spencer Southern

Lisa Southern Real Estate License #276712 Listed on: 08/29/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1992

Interior Spaces

  • 1,149 Sq Ft Home
  • 1-Story Property
  • Bamboo Flooring
  • Oven
  • Laundry in Hall

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Private Driveway
  • On-Street Parking

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Additional Features

  • Patio
  • Fenced

Listing and Financial Details

  • Security Deposit $2,150
  • Property Available on 8/27/25
  • Tenant pays for all utilities
  • 12 Month Lease Term
  • $75 Application Fee

Home Details

Home Type

Single Family

Year Built

Built in 1992

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: 12 Months
  • Owner Pays: None
  • Available Date: 2025-08-27

Listing Details

  • Year Built: 1992
  • Prop. Type: Residential Lease
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1149.0
  • Unit Levels: One
  • General Property Information Basement YN: No
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Primary Bedroom Level: Main
  • Appliances Refrigerators: Yes
  • Laundry Features In Hall: Yes
  • Flooring Bamboo: Yes
  • General Property Information Enhanced Accessible2: No
  • Contract Information Lease Term: 12 Months
  • Contract Information Availability Date: 2025-08-27
  • Contract Information Security Deposit2: 2150.0
  • General Property Information Above Grade Finished Area: 1149.0
  • Fencing Fenced: Yes
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Dogs OK: Yes
  • Pets Allowed Breed Restrictions: Yes
  • General Property Information:Living Area3: 1149.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Bamboo
  • Appliances: Oven, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Front Door
  • Appliances:Oven: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Fencing: Fenced
  • Patio And Porch Features: Patio
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: Driveway, On Street
  • Total Parking Spaces: 2.0
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Fees Application Fee: 75.0
  • Fees Pet Fee: 300.0

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

MLS Schools

  • Elementary School: Wake County Schools

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

Closed on
Oct 3, 2019
Sold by
Bought by
Current Estimated Value
$509,001

Purchase Details

Closed on
Aug 23, 2013
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
$146,200
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2012
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
$155,700
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2005
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
$73,600
Interest Rate
5.46%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Buyer Sale Price Title Company
-- None Available
-- None Listed On Document
$195,000 None Available
$173,000 Napa Land Title
$92,000 --
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 Borrower Loan Amount
Previous Owner $146,200
Previous Owner $155,700
Previous Owner $73,600
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
10/24/2025 10/24/25 Rented $1,925 0.0% --
10/14/2025 10/14/25 Under Contract -- -- --
09/26/2025 09/26/25 Price Changed $1,925 -10.5% $2 / Sq Ft
08/29/2025 08/29/25 For Rent $2,150 -- --
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 $4,143 $472,735 $300,000 $172,735
2024 $4,126 $472,735 $300,000 $172,735
2023 $2,913 $265,394 $150,000 $115,394
2022 $2,707 $265,394 $150,000 $115,394
2021 $2,602 $265,394 $150,000 $115,394
2020 $2,555 $265,394 $150,000 $115,394
2019 $2,292 $196,047 $85,000 $111,047
2018 $2,162 $196,047 $85,000 $111,047
2017 $2,059 $196,047 $85,000 $111,047
2016 $2,017 $196,047 $85,000 $111,047
2015 $1,124 $106,576 $28,000 $78,576
2014 $1,066 $106,576 $28,000 $78,576
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2025

    Spencer Southern

    Lisa Southern Real Estate

    (919) 800-0880

    4 Total Sales

    Spencer Southern
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Map

Source: Doorify MLS

MLS Number: 10118731

Doorify MLS

APN: 1703.44-96-1943-000

North Carolina Wake County Raleigh 27601 Olde East Raleigh

509 E Cabarrus St, Raleigh, NC

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Doorify MLS 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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