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1016 Addison Place
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2026 | Price Decreased |
$993,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Jul 10, 2026 | Price Decreased |
$1,003,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$1,013,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by Compass -- Raleigh | $1,023,000 | |
| Listed by Compass -- Raleigh | |||
| Mar 7, 2025 | Listed | $1,000,000 | |
| Listed | |||
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Stunning New Construction Home in the Heart of Raleigh! PRE-SALE OPPORTUNITY.
Discover the perfect blend of modern elegance and low-maintenance living in this spacious dream home, to be completed mid 2025. Nestled in the heart of Raleigh, this exceptional property offers luxury, convenience, and energy efficiency—all in one breathtaking package.
As you step inside, a grand foyer welcomes you with gorgeous site-finished hardwood floors that flow seamlessly throughout the entire home. The first floor features a dedicated dining room, a full hall bathroom, and a first-floor bedroom—perfect for guests or a home office. The chef's kitchen is a showstopper, boasting premium appliances, sleek countertops, and a generous island, all overlooking the sun-filled living room—an ideal space for entertaining.
Upstairs, the primary suite is a true retreat, offering a spacious ensuite bathroom and an oversized walk-in closet. Two additional secondary bedrooms each come with their own private bathrooms, ensuring ultimate comfort for family or guests. A large open flex space gives you endless possibilities—whether you need a home office, playroom, entertainment space, or media room. The spacious laundry room is also conveniently located on this level.
Step outside to your expansive screened-in back porch, complete with sliding glass doors that open to a large, fenced-in backyard—perfect for year-round gatherings, cookouts, or simply relaxing in your private oasis.
Located just minutes from Downtown Raleigh, you'll have easy access to Oakwood Park, Lions Park, The Optimist Coffee Shop, Raleigh Iron Works, Ponysaurus Brewing, Peace Street's vibrant dining scene, and so much more.
Don't miss out on this rare opportunity to own a stunning, new construction home in one of Raleigh's most sought-after areas. Renderings and photos are from a previous model built in 2021.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017