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509 Cape Ave; Raleigh, NC Property Details

509 Cape Ave, Raleigh, NC is a Duplex 2 Units that was built in 1940. This property is currently a cash purchase and is not for sale. Our records show that 509 Cape Ave has 1 bedroom, and 2 bathrooms, and a total of 2,513 square feet. The lot size of 509 Cape Ave is 12,632 square feet.

Off market
509 Cape Ave Raleigh, NC 27601
$969,000 Listing Price
1 Beds
2 Baths
2,513 SqFt
Property Type
Duplex 2 Units
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Mixed
  • Owner Status: Mixed
  • Year Built: 1940
  • Purchase Price: $200,000
  • Est. Equity / %: $608,000 / 100%
  • APN: 1703.52-95-1327-000
  • Situs County: Wake
  • Length Of Ownership: 11 years, 5 months

Rooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 16

Structure

  • Building Style: Brick
  • Stories: 1
  • Exterior Wall Type: Brick
  • Building Condition: Fair
  • Building Quality: D
  • Roof Type: Gable
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 2,513/SqFt
  • Lot: 12,632/SqFt
  • Gross: 2,513/SqFt
  • Living: 2,513/SqFt
  • Building: 2,513/SqFt
  • Ground: 2,513/SqFt
  • Price Per Square Foot: $79.59

Legal Description

  • Description: LO46 & 47 WATSONS ADDITION BM1885-00027
Building Insights

Land Information

  • Property Type: Duplex 2 Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.769947 / -78.632095
  • Subdivision: Watsons Addition
  • Property Class: Residential
  • Zoning: R-10
  • County Use Code: 02

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2414
  • Bathroom Fixtures: 10
  • Cooling: None
  • Heating: Forced air unit

Ownership Info

509 Cape Ave has no associated ownership info
509 Cape Ave has no associated ownership info.

Taxes

509 Cape Ave has 10 associated Taxes items

509 Cape Ave, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $636,478. The APN we've located for 509 Cape Ave is 1703.52-95-1327-000.

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Taxes
  • Assessed Value:  $636,478
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1703.52-95-1327-000
  • Assessed Land Value:  348000
  • Market Land Value:  348000
  • Tax Amount:  4809.22
  • Tax Year:  2025
  • Market Value:  636478
  • Market Year:  2025

Tax History

509 Cape Ave has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $636,478 Land Value $348,000 Improvement Value $288,478 Tax Amount $4,809.22 Change Rate +0.004075% Assessed CR Tax Rate +0.007556%
Year 2024 Assessed Value $542,280 Land Value $348,000 Improvement Value $194,280 Tax Amount $4,789.7 Change Rate +0.127102% Assessed CR Tax Rate +0.008833%
Year 2023 Assessed Value $382,530 Land Value $201,250 Improvement Value $181,280 Tax Amount $4,249.57 Change Rate +0.074994% Assessed CR Tax Rate +0.011109%
Year 2022 Assessed Value $382,530 Land Value $201,250 Improvement Value $181,280 Tax Amount $3,953.11 Change Rate +0.039739% Assessed CR Tax Rate +0.010334%
Year 2021 Assessed Value $382,530 Land Value $201,250 Improvement Value $181,280 Tax Amount $3,802.02 Change Rate +0.018235% Assessed CR Tax Rate +0.009939%
Year 2020 Assessed Value $382,530 Land Value $201,250 Improvement Value $181,280 Tax Amount $3,733.93 Change Rate Assessed CR Tax Rate +0.009761%
Year 2019 Assessed Value $239,446 Land Value $160,000 Improvement Value $79,446 Tax Amount Change Rate Assessed CR Tax Rate
Year 2018 Assessed Value $239,446 Land Value $160,000 Improvement Value $79,446 Tax Amount $2,696.18 Change Rate Assessed CR Tax Rate +0.01126%
Year 2017 Assessed Value $239,446 Land Value $160,000 Improvement Value $79,446 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $239,446 Land Value $160,000 Improvement Value $79,446 Tax Amount $2,519.47 Change Rate Assessed CR Tax Rate +0.010522%
Year 2015 Assessed Value $189,836 Land Value $120,000 Improvement Value $69,836 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $189,836 Land Value $120,000 Improvement Value $69,836 Tax Amount $1,943.81 Change Rate Assessed CR Tax Rate +0.010239%
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