1032 Harper Road
About This Property
Discover this 4-bedroom home in a prime location with expansive lots up to 1/3 acre! Nestled in the well-established Carolina Pines neighborhood, this exclusive community features 8 homes crafted by a local builder, offering unmatched value at this price point.
Enjoy convenient access to Downtown Raleigh (DTR), I-40, I-440, the Farmer's Market (6 minutes), Dix Park (5 minutes), Cary (10 minutes), and North Carolina State University (NCSU, 8 minutes). Plus, it's just 5 minutes to the new Dix Park!
Each home includes a 2-car garage and a beautifully designed kitchen perfect for entertaining, featuring a spacious peninsula, shaker cabinets with soft-close drawers, quartz countertops, and stainless steel appliances. The upstairs area includes a primary suite, three additional bedrooms, and a walk-in laundry room. Additional highlights include 9-foot ceilings on both floors, luxury plank flooring, and abundant windows.
These homes offer an ideal residence and a promising investment opportunity. ! Limited lots left! Investors welcome!!
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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 |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | Price Decreased |
$459,950
↓ $890K
(65.9%) | |
| Price Decreased | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed | $1,350,000 | |
| Listed | |||
| | |||
|
Single-family home package just 6 minutes from NC State. Three homes available, each 4 bedrooms and 2.5 baths, with the option to purchase up to five. Priced at $450,000 each — offering instant equity and a prime location.
A rare opportunity to acquire modern new-construction homes in one of Raleigh's fastest-growing corridors. Ideal for investors seeking strong rental returns, flexibility, and long-term appreciation.
Highlights:
* No HOA or rental restrictions — perfect for Airbnb, mid-term, or traditional rentals
* 4BR / 2.5BA layouts designed for strong investment performance
* Generous lots up to 0.33 acres, a rarity this close to downtown
* Central access: 5 minutes to Dix Park and the Farmers Market, 6 minutes to NC State, 9 minutes to Downtown Raleigh, 10 minutes to Fenton, and 10 minutes to WakeMed
* Modern finishes including 9-foot ceilings, quartz countertops, stainless appliances, and 2-car garages
* Delivery Dec/Jan 2025 — lock in pricing now and plan ahead
* Bulk pricing and incentives available for multi-home purchases
Built by RDG Design Build, known for quality and consistency. Whether used as long-term rentals or short-term/Airbnb properties, these homes are positioned to be top performers in Raleigh's rental market.
| |||
| Jul 8, 2025 | Price Decreased |
$449,900
↓ $46K
(9.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017