Paulina Bohorquez
Keller Williams Realty
(984) 500-2715
50 Total Sales
3 in South Raleigh
$335K - $675K Price Range
508 Ileagnes Rd Raleigh, NC 27603
South Raleigh Neighborhood
8
Beds
4
Baths
2,792
Sq Ft
0.87
Acre Lot
Highlights
- Deck
- No HOA
- Luxury Vinyl Tile Flooring
- Salem Elementary Rated A
- Forced Air Zoned Cooling and Heating System
- Ceiling Fan
About This Home
As of August 2026Excellent investment opportunity in a convenient and accessible Raleigh location! This fully remodeled quadplex over $180K invested sits on a spacious 0.87-acre lot, offering a rare combination of completely updated rental units, generous outdoor space, and strong long-term investment potential.
Each unit features 2 bedrooms and 1 full bath and has been remodeled to provide a clean, modern, and low-maintenance living environment. Interior updates include fresh paint, durable luxury vinyl plank flooring throughout, and no carpet for easy upkeep. The updated kitchens feature brand-new stainless steel appliances, including a refrigerator, electric range, and range hood. Spacious bedrooms, full baths with shower/tub combinations, and optional washer/dryer access add everyday convenience and functionality.
The large lot provides extra outdoor space for relaxing, entertaining, gardening, or enjoying the wooded setting and added privacy. Off-street parking and practical property features further enhance tenant appeal.
Prime Raleigh location near Downtown Raleigh, just minutes from Garner, NC State University, shopping, dining, I-40, and surrounding areas. Fully leased and income-producing, this remodeled quadplex is ready for its next owner to start enjoying rental income from day one, while offering both immediate cash flow potential and long-term value.
Last Agent to Sell the Property
Cary-Raleigh Realty, Inc. License #250556 Listed on: 05/18/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,291
Year Built
- Built in 1952
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 2,792 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Luxury Vinyl Tile Flooring
- Crawl Space
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Open Parking Spaces
- Off-Street Parking
Schools
- Salem Elementary School
- Salem Middle School
- Athens Drive High School
Additional Features
- Deck
- 37,897 Sq Ft Lot
- Forced Air Zoned Cooling and Heating System
Community Details
- No Home Owners Association
- 4 Units
- Twin Lakes Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number 1702368432
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
Apr 3, 2013
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Raleigh, NC
-
Paulina Bohorquez
-
Tania Paul
Tania Paul
Tania Paul & Associates Realty
(888) 313-3949
130 Total Sales
2 in South Raleigh
$275K - $377K Price Range
-
Marisol Alvarez
Marisol Alvarez
Triangle Residential Realty
(877) 845-0295
133 Total Sales
1 in South Raleigh
$272,500 Price
-
Warren Hall
Warren Hall
Compass -- Raleigh
(888) 716-3071
189 Total Sales
5 in South Raleigh
$335K - $592K Price Range
-
Aparna Ahuja
Aparna Ahuja
Blossom Realty Group LLC
(669) 600-6638
266 Total Sales
2 in South Raleigh
$287K - $385K Price Range
-
Dan Gunther
Dan Gunther
Responds QuicklyHoward Hanna Allen Tate LAKE ROYALE
(984) 295-3587
350 Total Sales
1 in South Raleigh
$1,185,000 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 | $213,000 | None Available |
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 |
|---|---|---|---|---|
| 08/14/2026 08/14/26 | Sold | $610,000 | -7.6% | $218 / Sq Ft |
| 06/25/2026 06/25/26 | Pending | -- | -- | -- |
| 05/18/2026 05/18/26 | For Sale | $660,000 | -- | $236 / 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 | $3,291 | $368,242 | $131,024 | $237,218 |
| 2024 | $3,278 | $368,242 | $131,024 | $237,218 |
| 2023 | $2,818 | $251,158 | $89,214 | $161,944 |
| 2022 | $2,623 | $251,158 | $89,214 | $161,944 |
| 2021 | $2,524 | $251,158 | $89,214 | $161,944 |
| 2020 | $2,479 | $251,158 | $89,214 | $161,944 |
| 2019 | $2,586 | $216,247 | $94,076 | $122,171 |
| 2018 | $2,443 | $216,247 | $94,076 | $122,171 |
| 2017 | $2,330 | $216,247 | $94,076 | $122,171 |
| 2016 | $0 | $216,247 | $94,076 | $122,171 |
| 2015 | -- | $159,693 | $52,008 | $107,685 |
| 2014 | -- | $159,693 | $52,008 | $107,685 |
Source: Public Records
Agents Affiliated with this Home
-
Hannah Chan
Seller's Agent in 2026
Hannah Chan
Cary-Raleigh Realty, Inc.
(919) 426-1854
10 in this area
261 Total Sales
-
Oscar Corrales
Buyer's Agent in 2026
Oscar Corrales
The Insight Group
(919) 349-7110
8 in this area
350 Total Sales
Map
Source: Doorify MLS
MLS Number: 10168156
APN: 1702.10-36-8432-000
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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