740 Quarry St, Raleigh, NC, 27601
About This Home
Discover a rare investment opportunity in the heart of Downtown Raleigh! This fully updated duplex offers turnkey convenience with modern finishes, stainless steel appliances, and stylish furnishings throughout. Currently operating as a successful Airbnb with consistent bookings, this property is perfect for investors searching for immediate cash flow. Both units feature a super cozy layout, abundant natural light, and thoughtful upgrades. Major systems—including the roof and HVAC (2024)—have already been taken care of, giving you peace of mind for years to come. Enjoy a spacious backyard, ideal for entertaining, relaxing, or adding future enhancements. With its unbeatable downtown location, you're just steps from Raleigh's best dining, entertainment, and attractions. Whether you're expanding your portfolio or looking for a high-performing short-term rental, this duplex stands out as a truly exceptional find.
Getting Around
Somewhat Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Foundation: Concrete,Block
- Roof: Shingle
- Construction materials: Block,Concrete
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Electric Oven,Electric Water Heater,Microwave,Refrigerator,Stainless Steel Appliance(s),Washer/Dryer Stacked
- Laundry features: In Unit,Laundry Closet
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Bar,Breakfast Bar,Granite Counters,Open Floorplan,Smart Camera(s)/Recording,Smooth Ceilings,Walk-In Shower
- Flooring: Laminate
- Finished area below ground: 0
- Finished area above ground: 936
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Electric
- Cooling features: Ductless
Interior Area
- Total structure area: 936
- Total interior livable area: 936 sqft
Property
Details
- Parcel number: 171313145980000 0001529
- Zoning: R-10
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Private Entrance,Private Yard,Smart Lock(s)
- Fencing: Chain Link, Partial, Wood
- Has view: Yes
Lot
- Lot size: 7,405 sqft
- Features: Back Yard,City Lot,Cleared,Front Yard
Parking
- Total spaces: 2
- Parking features: Aggregate,Driveway,Gravel
- Has uncovered spaces: Yes
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Wake County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,199 | $26,388 |
| Home Insurance * | $109 | $1,308 |
| Property Taxes | $315 | $3,780 |
| Electricity | $200 | $2,405 |
| Total | $2,823 | $33,876 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Price change | $435,000 |
| 2026-02-06 | Price change | $447,500 |
| 2025-12-15 | Listed for sale | $450,000 |
| 2024-09-19 | Sold | $410,000 |
| 2024-07-29 | Pending sale | $400,000 |
| 2024-07-26 | Listed for sale | $400,000 |
| 2024-03-12 | Sold | $200,000 |
| 2022-12-08 | Sold | $199,000 |
| 2022-11-11 | Pending sale | $199,000 |
| 2022-11-07 | Listed for sale | $199,000 |
| 2021-02-24 | Listing removed | -- |
| 2020-03-20 | Listing removed | $650 |
| 2020-03-17 | Listed for rent | $650 |
| 2020-01-11 | Listing removed | $650 |
| 2020-01-07 | Listed for rent | $650 |
| 2008-01-17 | Sold | $68,000 |
| 2003-08-08 | Sold | $31,500 |
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