$186,000
●
House -
Off Market
109 Gladstone Drive
Durham, NC 27703
4 Beds
2 Baths,
1
Half Bath
1,604 Ft²
$286,663
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model
About This Property
Great open floor plan in a great location!!! Convenient to RTP,
Duke, and RDU! New Dishwasher, garage door and large Patio.
New HVAC (2017) with zoning, 1 year pre-paid HVAC service
agreement with Air Experts that will transfer to the new owner. 4
bedrooms, with a garden tub in the master bath. 1 yr home warranty
gives peace of mind! This property is a must see!
Unit Size
1,604 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$118
Property Type
House
Property Taxes
$160
HOA Dues
$10
Year Built
2000
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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: 2 years ago (TMLS #2206275)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by Coldwell Banker - HPW | $389,000 | |
| Listed by Coldwell Banker - HPW | |||
| | |||
|
Welcome Home! Step into this beautifully remodeled 4 bedroom, 3 bathroom home featuring an open floor plan in a prime location—conveniently close to RTP, Duke University, and RDU Airport.
Enjoy the luxury of new flooring throughout, a stunning stone-faced fireplace, and a fully updated kitchen with custom cabinets, sleek Dekton countertops, and brand-new appliances. Both bathrooms have been completely renovated with designer tile work and upscale finishes.
Additional upgrades include stylish new light fixtures and a 2023 architectural shingle roof for peace of mind. The fenced backyard offers privacy with a serene backdrop of lush trees—perfect for relaxing or entertaining.
| |||
| Sep 5, 2018 | No longer available | - | |
| No longer available | |||
| Aug 30, 2018 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Ridgewood
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Listed by: Patrice Dye, Fathom Realty NC, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2206275
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2206275
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