$497,000
●
House -
Off Market
106 N Trail Drive
Raleigh, NC 27615
4 Beds
2 Baths
2,424 Ft²
$2,835
Est. Monthly
4.59%
Cap Rate
About This Property
Nestled in the heart of Midtown Raleigh, this 4-bedroom, 2-bathroom
home offers unbeatable convenience and charm. Located just minutes
from I-440, I-540, North Hills, and Crabtree Valley Mall, this home
provides easy access to everything the Triangle has to offer,
including RDU Airport, Brier Creek, Cary, Durham, and Chapel
Hill-all within a 20-minute drive!
This beautifully updated home features a floorplan designed for flexibility and comfort. The main-floor bedroom offers versatility as a guest suite, in-law suite, or home office. The remaining bedrooms are spacious and well-appointed, providing plenty of room for family and guests. The home boasts a fully encapsulated crawl space, adding peace of mind and energy efficiency. Opening the front room to the kitchen to provide better layout and flow. Additional storage space added in first floor bedroom. Step outside to enjoy the yard, perfect for pets, play, or entertaining, all within a quiet and welcoming neighborhood without HOA fees.
Features:
4 bedrooms | 2 full bathrooms
Unique, versatile floorplan with a main-floor bedroom/office
Recently updated and meticulously maintained
Don't miss this gem in the heart of Raleigh-schedule your tour today and discover your new home!
This beautifully updated home features a floorplan designed for flexibility and comfort. The main-floor bedroom offers versatility as a guest suite, in-law suite, or home office. The remaining bedrooms are spacious and well-appointed, providing plenty of room for family and guests. The home boasts a fully encapsulated crawl space, adding peace of mind and energy efficiency. Opening the front room to the kitchen to provide better layout and flow. Additional storage space added in first floor bedroom. Step outside to enjoy the yard, perfect for pets, play, or entertaining, all within a quiet and welcoming neighborhood without HOA fees.
Features:
4 bedrooms | 2 full bathrooms
Unique, versatile floorplan with a main-floor bedroom/office
Recently updated and meticulously maintained
Don't miss this gem in the heart of Raleigh-schedule your tour today and discover your new home!
Unit Size
2,424 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$210
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1971
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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: 12 months ago (TMLS #10075251)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 11, 2025 | Price Decreased |
$508,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Sep 19, 2025 | Price Decreased |
$509,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 4, 2025 | Price Decreased |
$519,000
↓ $30K
(5.4%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Raleigh
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Listed by: Courtney Whalen, Compass -- Raleigh
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10075251
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10075251
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