$695,000
●
Multifamily -
Off Market
1305-1307 Nottingham Road
Raleigh, NC 27607
4 Beds
2 Baths
1,596 Ft²
$64,299
Est. Monthly
-100.11%
Cap Rate
About This Property
ASKING PRICE BELOW TAX VALUE!!
Income producing DUPLEX!! Keep them as rentals or demo and build Custom homes. In this established very quiet SUNSET HILLS community off of Wade Ave ITB build upto 4 homes. Bring your builder for a CUSTOM LUXURY MODERN home! Check out the Street View or drive by to see neighboring new $1.3M-$2.5M homes on the street. Neighboring Ridgewood Shopping center, Village district, and Downtown Raleigh will accommodate your sophisticated lifestyle and social needs.
Income producing DUPLEX!! Keep them as rentals or demo and build Custom homes. In this established very quiet SUNSET HILLS community off of Wade Ave ITB build upto 4 homes. Bring your builder for a CUSTOM LUXURY MODERN home! Check out the Street View or drive by to see neighboring new $1.3M-$2.5M homes on the street. Neighboring Ridgewood Shopping center, Village district, and Downtown Raleigh will accommodate your sophisticated lifestyle and social needs.
Unit Size
1,596 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$438
Property Type
Multifamily
Property Taxes
$60,866
HOA Dues
-
Year Built
1948
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #10006640)
Price History
Property Highlights
Air Conditioning
With View
Parking Details
Has Open Parking
Parking Features: Driveway
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Flooring Type: Hardwood
Laundry Features: In Unit, Main Level
Rooms: 5
Exterior Details
Has Property Attached
Square Footage: 1596
Year Built: 1948
Building Area Total: 1596
Levels: One
Building Area Units: Square Feet
Construction Materials: Brick
Patio and Porch Features: Front Porch
Lot Features: Sloped, Partially Cleared
Lot Size Area: 10890
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Water Source: Public
Financial Details
Tax Annual Amount: $730,396
Utilities Details
Cooling Type: Central Air, Window Unit(s)
Heating Type: Natural Gas
Sewer : Public Sewer
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/15/2024
| |
Loft
|
-
|
-
|
$1,398,000
Loft
-
|
$1,390,000
-0.57%
02/20/2024
|
Elena Stoyanova
Engel & Volkers Raleigh
|
|
04/28/2023
| |
Loft
|
-
|
-
|
$475,000
Loft
-
|
-
-
|
Elena Stoyanova
Engel & Volkers Raleigh
|
|
04/27/2023
|
Studio
|
-
|
-
|
$925,000
Studio
-
|
-
-
|
Elena Stoyanova
Engel & Volkers Raleigh
| |
|
09/30/2022
| |
Studio
|
-
|
-
|
$1,900,000
Studio
-
|
-
-
|
Precious Allen
Keller Williams Elite Realty
|
Building Info
About North Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Elena Sergeevna Stoyanova, Engel & Volkers Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10006640
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10006640
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017