40
Map
$225,000
●
House -
In Contract
1600 Rock Drive
Raleigh, NC 27610
3 Beds
1 Bath
1,134 Ft²
$1,235
Est. Monthly
About This Property
Calling all first-time homebuyers, investors, and small business
owners! Discover the possibilities at 1600 Rock Drive. Situated on
a spacious 0.64-acre lot, this brick home features fresh interior
paint and vintage hardwood floors, offering an opportunity to make
it your own or add to your investment portfolio. The standout
feature is the detached 3-car garage-ideal for woodworking
enthusiasts, workshop, or storing tools and equipment, with
potential to support a home-based business, subject to applicable
requirements. Plenty of storage space in the detached garage full
attic and attached carport. Enjoy room for outdoor projects,
gardening, and relaxing, along with convenient proximity to
interstate access, shopping, restaurants, and Coastal Credit Union
Music Park. Whether you're buying your first home, exploring an
investment, or looking for versatile workspace, this Raleigh home
deserves a closer look!
Unit Size
1,134 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$198
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
1961
Listed By
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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: 18 days ago (TMLS #10197077)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | Listed by Linda Craft Team, REALTORS | $225,000 | |
| Listed by Linda Craft Team, REALTORS | |||
| Aug 4, 2019 | No longer available | - | |
| No longer available | |||
| Jun 2, 2019 | Price Decreased |
$909,900
↓ $15K
(1.6%) | |
| Price Decreased | |||
| Apr 7, 2019 | Price Increased |
$925,000
↑ $15K
(1.7%) | |
| Price Increased | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Has Carport
Has Open Parking
Parking Features: Attached, Attached Carport, Carport, Detached, Driveway, Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Bathtub/Shower Combination, Kitchen/Dining Room Combination, Smooth Ceilings
Appliances: Cooktop, Dishwasher, Dryer, Electric Cooktop, Free-Standing Refrigerator, Oven, Range Hood, Refrigerator, Washer, Wall Oven
Flooring Type: Hardwood, Tile, Vinyl
Laundry Features: In Kitchen, Inside
Rooms: 6
Exterior Details
Square Footage: 1134
Architectural Style: Ranch, Traditional
Year Built: 1961
Building Area Total: 1134
Levels: One
Other Structures: Garage(s)
Construction Materials: Brick
Lot Size Area: 0.64
Lot Size Units: Acres
Lot Size Acres: 0.64
Lot Size Square Feet: 27878
Water Source: Private, Well
Financial Details
Tax Map Number: 48
Tax Assessed Value: $233,065
Tax Annual Amount: $1,557
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central, Natural Gas
Sewer : Septic Tank
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 Southeast Raleigh
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Listed by: Linda Craft, Linda Craft Team, REALTORS
Last Updated: 18 days ago
Data Source: TMLS, MLS# 10197077
Last Updated: 18 days ago
Data Source: TMLS, MLS# 10197077
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.
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