124 E  Cabarrus St, Raleigh, NC 27601
Property image
Property image
OFF MARKET

124 E Cabarrus St
Raleigh, NC 27601

Central

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    0.81
    Lot/Land
    $470,000
    09/26/25
    -
    -
    0.78
    Lot/Land
    $240,000
    03/17/26
    -
    -
    0.78
    Lot/Land
    $240,000
    03/17/26
    -
    -
    0.63
    Lot/Land
    $2,550,000
    01/06/26
    -
    -
    0.81
    Lot/Land
    $223,500
    02/23/26
    -
    -
    0.81
    Lot/Land
    $223,500
    02/23/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    0.03
    $469,000
    2
    2.5
    1,445
    For Sale
    0.04
    $510,220
    2
    2.5
    1,470
    Recently Sold
    0.05
    -
    1
    1.5
    985
    Off Market
    0.05
    -
    1
    1.5
    941
    Off Market
    0.05
    $597,900
    3
    3
    1,937
    Off Market
    0.05
    $317,500
    1
    1.5
    920
    Recently Sold
    0.05
    -
    1
    1.5
    958
    Off Market
    0.05
    $515,000
    2
    2.5
    1,459
    Recently Sold
    0.05
    $319,000
    1
    1
    714
    For Sale
    0.05
    $501,000
    2
    2.5
    1,486
    Off Market
    0.05
    -
    1
    1.5
    938
    Off Market

    Local Information

    • Map ViewExplore the area around 124 E Cabarrus St.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Property Type
    Lot/Land

    About this House

    OFFERS RECEIVED- Deadline is 12pm March 7 for submissions. Rare Find: Income-Generating Downtown Parking Lot Adjacent to the Historic Lincoln Theatre This exceptional property presents a unique opportunity for developers and investors seeking a prime foothold in the heart of Raleigh's vibrant Central Business District. Situated on a highly visible corner lot at 124 E. Cabarrus St., this .09 acre property enjoys immediate proximity to the renowned Lincoln Theatre, a cultural landmark. Currently operating as a successful parking lot with a management lease, the property generates consistent income while offering significant upside potential.
    124 E Cabarrus St, Raleigh, NC 27601 is a lot/land in Central. It last sold for $800,000 on Aug 18, 2025 (5% below the $840,000 asking price). It is currently off market. The Trulia Estimate rent is $1,723/month.
    Last check for updates: about 10 hours ago
    Listed by Meredith Mclaurin Little, (919) 757-2175
    Hodge & Kittrell Sotheby's Int
    Bought with: Non Member, Non Member Office
    Source: Doorify MLS, MLS#10071291

    Home Details for 124 E Cabarrus St

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available
    View
    Has a View

    Exterior Features

    Exterior Home Features
    No Private Pool
    Frontage
    Road Frontage: City StreetRoad Surface Type: Alley Paved, Asphalt, ConcreteNot on Waterfront
    Water & Sewer
    Sewer: Public Sewer

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land, Land
    Property Information
    Parcel Number: 1703765810

    Price & Status

    Price
    List Price: $840,000

    Active Status

    MLS Status: Closed

    Location

    Direction & Address
    City: RaleighCommunity: Not in a Subdivision
    School Information
    Elementary School: Wake County SchoolsJr High / Middle School: Wake County SchoolsHigh School: Wake County Schools

    HOA

    No HOA

    Lot Information

    Lot Area: 3920.4 sqft

    Listing Info

    Special Conditions: Standard

    Miscellaneous

    Mls Number: 10071291

    Price and Tax history

    DateEventPrice
    Aug 18, 2025
    Source: Doorify MLS #10071291
    Sold
    $800,000
    Mar 8, 2025
    Source: Doorify MLS #10071291
    Pending
    $840,000
    Feb 28, 2025
    Source: Doorify MLS #10071291
    PriceChange
    $840,000
    Price decreased by 30%
    Jan 16, 2025
    Source: Doorify MLS #10071291
    Listed For Sale
    $1,200,000

    Market trends in Raleigh

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $440K
    $8.33K
    MoM
    Sale-to-List Price
    98.9%
    Price per sq ft
    $235
    $1
    MoM
    Available listings
    2216
    26
    MoM

    Around this home

    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    Neighborhood Overview

    Neighborhood stats provided by third party data sources.

    What Locals Say about Central

    At least 43 Trulia users voted on each feature.
    • 80 % Say there are sidewalks

    • 79 % Say it's dog friendly

    • 76 % Say parking is easy

    • 73 % Say there's holiday spirit

    • 71 % Say people would walk alone at night

    • 70 % Say car is needed

    • 69 % Say it's walkable to restaurants

    • 67 % Say streets are well-lit

    • 52 % Say yards are well-kept

    • 43 % Say it's quiet

    • 41 % Say neighbors are friendly

    • 37 % Say they plan to stay for at least 5 years

    • 36 % Say there's wildlife

    • 35 % Say kids play outside

    • 31 % Say it's walkable to grocery stores

    • 29 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Leah Lleshaj
      "The apartment building I live in currently has events for the building residents which helps bring people together. "
    • Trulia User
      "None. Drug traffic is heavy on this street. We know our neighbors across the street and right beside us but no others. "
    • Fldonovan
      "I’ve lived i. this neighborhood for the past two years and live the energy and vibe. Very safe here."
    • Caleb U.
      "Neighborhood used to be safe but new homes and development gentrified half of the area and now crime has dropped "
    • John N.
      "This is a highly Diverse neighborhood. It’s a good place for children to grow up and see the variety of ways people live. "
    • Tdtichenor
      "Short and centrally located. Very close to shopping, work and interstate. Great area. I would recommend this are to anyone"
    • Michelle F.
      "I use to live in this neighborhood and love that it so close to so many things. City Market is just one of them! I always felt safe and parking was easy on Blount and city deck."

    LGBTQ Local Legal Protections

    The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
    Copyright 2026 Doorify MLS of North Carolina. All rights reserved.

    Frequently asked questions about 124 E Cabarrus St

    • What is the price history for 124 E Cabarrus St?
      124 E Cabarrus St in Raleigh, NC last sold for $800,000 in August 2025.
    • Is Raleigh a buyer's or seller's market?
      Raleigh is currently a balanced market, based on recent for-sale activity.
    • What's the median sale price in Raleigh?
      The median sale price in Raleigh is $440K. That is up $8.33K from the prior month.
    • What do residents say about the Central neighborhood?
      Residents describe the Central neighborhood in Raleigh, NC as pedestrian-friendly, dog-friendly, and easy to park in. See recently sold homes in Central, Raleigh.

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    Off Market Homes Near 124 E Cabarrus St

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