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

587 E Cabarrus St
Raleigh, NC 27601

South Central
  • 3 Beds
  • 2.5 Baths
  • 1,300 sqft

$546,600

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $3,166/mo*

$546,600

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $3,166/mo*
3 Beds
2.5 Baths
1,300 sqft

Local Information

  • Map ViewExplore the area around 587 E Cabarrus St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1915
Living Area
1,300 sqft
Price/Sqft
$420

About this House

Here's one of Olde East Raleigh's historic gems emerging from a full restoration. With the addition, the home now has a modern open layout designed by award-winning Maurer Architecture along with granite, stainless steel appliances, main floor master bedroom, skyline views, hardwood floors, and a fenced in backyard. E. Cabarrus St. is one of Raleigh's new green streets and undergoing an extensive public investment. Surrounded by renovations and only 2 blocks to downtown's Moore Square Arts District.
587 E Cabarrus St, Raleigh, NC 27601 is a 3 bedroom, 3 bathroom, 1,300 sqft single-family home in South Central, built in 1915. It last sold for $480,000 on Jun 16, 2021. More recently, it was listed as a rental in November 2023 with an asking price of $2,450 per month. That rental listing was removed on January 10, 2024. It is currently off market. The Trulia Estimate is $546,600, with a rent estimate of $2,402/month.

Home Details for 587 E Cabarrus St

Interior Features

Heating & Cooling
Heating: Heat Pump, ElectricAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Hardwood
Interior Details
AtticNumber of Rooms: 9Ceiling Fan
Appliances & Utilities
DishwasherDisposalMicrowave
Security
Security System

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: CompositionPatio
Parking & Garage
Parking: On Street

Property Information

Year Built
Year Built: 1915Year Updated: 2016
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Community

Units in Building: 1

Lot Information

Lot Area: 2520 sqft

Price History for 587 E Cabarrus St

DatePriceEventSource
01/10/2024ListingRemovedDoorify MLS #2540986
12/27/2023$2,200PriceChange
Doorify MLS #2540986
12/12/2023$2,300PriceChange
Doorify MLS #2540986
11/07/2023$2,450Listed For RentDoorify MLS #2540986
06/16/2021$480,000Sold
Doorify MLS #2380618
05/03/2021$465,000ContingentDoorify MLS #2380618
04/29/2021$465,000Listed For SaleDoorify MLS #2380618
07/22/2016$313,500Sold
Doorify MLS #2059146
02/14/2007$49,000Sold
N/A

Market trends in Raleigh

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$432K
$4.75K
MoM
Sale-to-List Price
98.9%
0.3%
MoM
Price per sq ft
$234
$3
MoM
Available listings
2183
10
MoM
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Property Tax and Assessment

Year2025
Tax$4,370
Assessment$498,739
Home facts updated by county records

Comparable Sales for 587 E Cabarrus St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.06
Single-Family Home
$590,000
04/02/26
3
2.5
1,556
0.16
Single-Family Home
$448,000
02/06/26
3
2.5
1,174
0.17
Single-Family Home
$592,500
06/01/26
3
2.5
1,490
0.11
Single-Family Home
$582,000
05/13/26
2
2
912
0.08
Single-Family Home
$505,000
08/19/25
3
2
1,066
0.26
Single-Family Home
$337,500
03/24/26
3
2
1,215
0.09
Single-Family Home
$370,000
11/21/25
3
1
960
0.38
Single-Family Home
$490,000
07/24/26
3
2
1,080
0.22
Single-Family Home
$666,000
02/19/26
3
2
1,786
0.25
Single-Family Home
$655,000
07/17/26
3
2.5
1,704

Nearby homes

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Assigned Schools

These are the assigned schools for 587 E Cabarrus St.
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 South Central

At least 35 Trulia users voted on each feature.
  • 86 % Say it's dog friendly

  • 85 % Say parking is easy

  • 83 % Say there are sidewalks

  • 76 % Say there's holiday spirit

  • 72 % Say streets are well-lit

  • 69 % Say yards are well-kept

  • 67 % Say car is needed

  • 66 % Say neighbors are friendly

  • 62 % Say kids play outside

  • 61 % Say they plan to stay for at least 5 years

  • 58 % Say it's walkable to restaurants

  • 58 % Say people would walk alone at night

  • 58 % Say there are community events

  • 38 % Say there's wildlife

  • 38 % Say it's quiet

  • 31 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Best neighborhood in Raleigh. New cool modern homes everywhere! Good food also ! Lots of very friendly dogs "
  • Trulia User
    "I lived in this part of Raleigh 10 years ago. Has a small feeling with big city accommodations. The streets and parks are clean and safe to enjoy with the family."
  • Raul D.
    "A dangerous part of town that’s cheap and affordable. I live here because it’s affordable. Not the ideal place or neighborhood I’d like to be in. "
  • Dlbennet
    "I have lived in this area for the past 4 years and have really enjoyed it. On days with nice weather my wife and I consistently walk to the area around Raleigh Times and have a drink or just enjoy the area. Lots to do and see and there is always something going on. Crime has been no more of a problem for me than when I lived in Cary and all the extra entertainment and convenience really makes it a fun place to live. "

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 587 E Cabarrus St

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Off Market Homes Near 587 E Cabarrus St

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Frequently asked questions about 587 E Cabarrus St

  • What is 587 E Cabarrus St estimated to be worth?
    Trulia's estimated value for 587 E Cabarrus St in Raleigh, NC is $546,600.
  • What is the price history for 587 E Cabarrus St?
    587 E Cabarrus St in Raleigh, NC last sold for $480,000 in June 2021.
  • 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 $432K. That is up $4.75K from the prior month.
  • Does 587 E Cabarrus St have air conditioning?
    Yes, 587 E Cabarrus St in Raleigh, NC has air conditioning.
  • How big is the lot at 587 E Cabarrus St?
    The lot at 587 E Cabarrus St in Raleigh, NC is about 0.06 acres (2,520 sq ft).