$175,000
●
Land -
Off Market
1316 Carp Road
Raleigh, NC 27610
Studio
0 Bath
$903
Est. Monthly
About This Property
Unique opportunity here ten minutes from downtown Raleigh! Easy
access to both 440 and 540 HWY! This .54 Ac. lot is zoned R-4 and
can be subdivided into two lots. Public water and sewers are on the
street. The next lot over is new construction. This is an
opportunity to place up to four units: Two single family homes and
Two ADU's Don't miss this one! The upside potential on this one and
the ability to hold and build for rentals or simply profit off the
two single family properties w/ADU or do a Duplex and add an ADU
without subdividing the lot by placing three units on the lot.
There is no other asset like this available in Raleigh, clear and
ready to go. Draw up your plans and submit them to the City of
Raleigh for approval!
Unit Size
-
Days on Market
-
Land Size
0.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
$43
HOA Dues
-
Year Built
-
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 #10103856)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | Listed by Referral Realty US LLC | $175,000 | |
| Listed by Referral Realty US LLC | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Listed | $175,000 | |
| Listed | |||
| | |||
|
Unique opportunity here ten minutes from downtown Raleigh! Easy access to both 440 and 540 HWY! This .54 Ac. lot is zoned R-4 and can be subdivided into two lots. Public water and sewers are on the street. The next lot over is new construction. This is an opportunity to place up to four units: Two single family homes and Two ADU's Don't miss this one! The upside potential on this one and the ability to hold and build for rentals or simply profit off the two single family properties w/ADU or do a Duplex and add an ADU without subdividing the lot by placing three units on the lot. There is no other asset like this available in Raleigh, clear and ready to go. Draw up your plans and submit them to the City of Raleigh for approval!
| |||
| Feb 19, 2021 | Sold | ||
| Sold | |||
Show More
Property Highlights
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 Northeast Raleigh
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Peter Greijn, Referral Realty US LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10103856
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10103856
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