$800,000
Last sold price
124 E Cabarrus St, Raleigh, NC 27601
Currently Off Market - Sold Aug 18, 2025 for $800,000
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 |
|---|---|---|---|---|---|---|---|
0.63 | Lot/Land | $295,000 | 10/21/26 | - | - | ||
0.78 | Lot/Land | $240,000 | 03/17/26 | - | - | ||
0.79 | Lot/Land | $160,000 | 08/20/26 | - | - | ||
0.78 | Lot/Land | $240,000 | 03/17/26 | - | - | ||
0.62 | Lot/Land | $2,550,000 | 01/06/26 | - | - |
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 |
|---|---|---|---|---|---|---|
0.01 | - | - | 2 | - | Off Market | |
0.01 | $1,796,000 | Studio | 5 | 7,833 | Off Market | |
0.02 | - | - | - | - | Off Market | |
0.02 | - | - | - | - | Off Market | |
0.02 | - | - | 3 | - | Off Market | |
0.03 | - | - | 1 | 1,138 | Off Market | |
0.03 | - | - | - | - | Off Market | |
0.03 | - | - | 2 | - | Off Market | |
0.03 | $469,000 | 2 | 2.5 | 1,445 | For Sale | |
0.03 | - | - | 1 | - | Off Market | |
0.04 | - | - | - | - | Off Market | |
0.04 | - | - | - | - | Off Market | |
0.04 | - | Studio | 6 | 1,656 | Off Market | |
0.04 | - | - | 3 | - | Off Market | |
0.04 | $510,220 | 2 | 2.5 | 1,470 | Recently Sold | |
0.05 | $465,600 | 2 | 3 | 1,552 | Off Market | |
0.05 | - | - | - | - | Off Market | |
0.06 | $325,200 | 1 | 1.5 | 935 | Off Market | |
0.06 | - | Studio | - | - | Off Market | |
0.06 | $309,000 | 1 | 1.5 | 924 | For Sale |
Local Information
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Home Highlights
Lot/Land
About this House
What's unique:Highly visible corner lot
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.
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.
Last check for updates: about 8 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
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Appliances & Utilities Utilities: Electricity Available |
View No View |
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Exterior Home Features Vegetation: Cleared |
Frontage Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: Asphalt, Alley Paved, Concrete |
Water & Sewer Sewer: Public Sewer |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 1703765810 |
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Price List Price: $840,000 |
Status Change & Dates Off Market Date: Fri Mar 07 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: Raleigh |
School Information Elementary School: Wake County SchoolsJr High / Middle School: Wake County SchoolsHigh School: Wake County Schools |
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No HOA |
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Lot Area: 3920.4 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: Exclusive Right To SellListing Terms: 1031 Exchange, Cash, Conventional |
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Mobile Home Park Mobile Home Units: Feet |
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Mls Number: 10071291 |
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Source Internet Entire Listing Display |
Price and Tax history
| Date | Event | Price |
|---|---|---|
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 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $9,397 | $999,600 |
Home facts updated by county records
Market trends in Raleigh
Last updated September 2026
Avg. sale price
$443K
$250MoM
Sale-to-List Price
98.7%
0.2%MoM
Price per sq ft
$231
$3MoM
Available listings
2212
27MoM
Sourced by Trulia Market Trends
Around this home
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.
LGBTQ Local Legal Protections
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.
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 buyer's market, based on recent for-sale activity.
- What's the median sale price in Raleigh?The median sale price in Raleigh is $443K. That is down $250 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.

