1407 Grappenhall Drive
About This Property
This beautifully maintained home offers 2,101 square feet of comfortable living space in a sought-after neighborhood surrounded by mature trees. Located just minutes from I-540, US-1, NC Highway 55, and US-64, it provides easy access to everything the Triangle has to offer.
Inside, you'll find hardwood floors, granite countertops, and stainless steel appliances-a perfect blend of style and function. The spacious screened porch is ideal for relaxing or entertaining, and the unfinished basement offers endless potential for additional living space, a workshop, or storage.
Major updates include a newer roof (2019) and newer HVAC systems (2023/2024), offering peace of mind and energy efficiency for years to come.
This move-in ready gem combines location, charm, and modern upgrades-all in one! Don't miss your chance to make it yours.
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Cap Rate Calculator
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 3, 2025 | Sold | ||
| Sold | |||
| Oct 26, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$585,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by Coldwell Banker Advantage | $595,000 | |
| Listed by Coldwell Banker Advantage | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017