$462,500
●
House -
Off Market
1028 Harper Road
Raleigh, NC 27603
4 Beds
2 Baths,
1
Half Bath
1,953 Ft²
$2,617
Est. Monthly
About This Property
LOT 40 - New construction with no HOA, a large lot, and up to
$17,500 in builder and lender incentives (with lender approval).
This 4 bedroom, 2.5 bath home sits in the established Carolina
Pines neighborhood-an intimate 8-homesite enclave by a trusted
local builder offering exceptional value in a prime Raleigh
location.
You're minutes from everything: Downtown Raleigh, I-40, I-440, the State Farmers Market (6 minutes), Dix Park (5 minutes), Cary (10 minutes), and NCSU (8 minutes). Convenience at its best.
Enjoy a 2-car garage and a thoughtfully designed kitchen with a large peninsula, 42-inch shaker cabinets, and quartz countertops. Upstairs features a bright primary suite, three additional bedrooms, and a walk-in laundry room. With 9-foot ceilings on both levels, luxury plank flooring, and custom accents, the home feels truly elevated.
Step onto your covered patio and take in the oversized backyard. Only a few homes remain-an excellent opportunity for both homeowners and investors.
Prefer to build? Two presale options are available for April/May delivery.
You're minutes from everything: Downtown Raleigh, I-40, I-440, the State Farmers Market (6 minutes), Dix Park (5 minutes), Cary (10 minutes), and NCSU (8 minutes). Convenience at its best.
Enjoy a 2-car garage and a thoughtfully designed kitchen with a large peninsula, 42-inch shaker cabinets, and quartz countertops. Upstairs features a bright primary suite, three additional bedrooms, and a walk-in laundry room. With 9-foot ceilings on both levels, luxury plank flooring, and custom accents, the home feels truly elevated.
Step onto your covered patio and take in the oversized backyard. Only a few homes remain-an excellent opportunity for both homeowners and investors.
Prefer to build? Two presale options are available for April/May delivery.
Unit Size
1,953 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$238
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 10 months ago (TMLS #10136390)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Dec 8, 2025 | Listed by Compass -- Raleigh | $465,000 | |
| Listed by Compass -- Raleigh | |||
Property Highlights
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About Southwest Raleigh
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Listed by: Emilee Carraway, Compass -- Raleigh
Last Updated: 10 months ago
Data Source: TMLS, MLS# 10136390
Last Updated: 10 months ago
Data Source: TMLS, MLS# 10136390
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