Located in Northeast Raleigh, this offering features a one-story quadraplex. Residents are within five minutes of multiple dining, retail, entertainment and employment options as well as Duke Raleigh Hospital. All units have two-bedroom and one-bathroom floorplans with 795 square feet. There is plenty of value to be added and rent growth to realize. The units need work and are currently below market rents. Renovated two-bedroom units of similar size in the neighborhood are renting for $1,300-$1,400 per month. Tenants pay their own utilities. Driveway is shared with the adjacent quad which is also for sale.
Sold for $515,500
$515,500
4724 Hoyle Dr, Raleigh, NC 27604
8beds
3,180sqft
Quadruplex, Multi Family
Built in 1982
-- sqft lot
$509,000 Zestimate®
$162/sqft
$1,564 Estimated rent
Home value
$509,000
$484,000 - $540,000
$1,564/mo
Zestimate® history
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$1,564/mo
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$2,938/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 18, 2025 at 06:33am
Listed by:
Reef Challance Ivey IV 919-995-3111,
Deaton Investment Real Estate,
Thomas Furlow 919-412-3913,
Deaton Investment Real Estate
Bought with:
Reef Challance Ivey IV, 317890
Deaton Investment Real Estate
Thomas Furlow, 222598
Deaton Investment Real Estate
Source: Doorify MLS,MLS#: 10056420
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Flooring: Carpet, Laminate, Vinyl
Interior area
- Total structure area: 3,180
- Total interior livable area: 3,180 sqft
- Finished area above ground: 3,180
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, Parking Lot
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 0.44 Acres
Details
- Parcel number: 1726029636
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex, Multi Family
Materials
- Masonite
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Pepperdine
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2025 | Sold | $515,500+5.2%$162/sqft |
Source:  Doorify MLS #10056420 Report a problem | ||
| 10/10/2024 | Pending sale | $490,000$154/sqft |
Source: Doorify MLS #10056420 Report a problem | ||
| 10/4/2024 | Listed for sale | $490,000+83.5%$154/sqft |
Source: Doorify MLS #10056420 Report a problem | ||
| 6/20/2019 | Listing removed | $750 |
Source: Zillow Rental Manager Report a problem | ||
| 6/11/2019 | Listed for rent | $750+7.1% |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,391 +0.4% | $494,380 |
| 2024 | $4,374 +34.5% | $494,380 +69.9% |
| 2023 | $3,252 +7.5% | $291,020 |
Find assessor info on the county website
Neighborhood: Northeast Raleigh
Nearby schools
GreatSchools rating
- 5/10Lead Mine ElementaryGrades: K-5Distance: 4.9 mi
- 5/10Carroll MiddleGrades: 6-8Distance: 2.8 mi
- 6/10Sanderson HighGrades: 9-12Distance: 3.3 mi
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Estimated market value
$509,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$509,000