1803 Fairview Road
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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%.
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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 2, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | Listed by Hodge & Kittrell Sotheby's Int | $1,100,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
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Located in Five Points, the well-known Flemish bond brick bungalow stands as a prominent landmark along Fairview Road. For over a century, this charming home has caught the eye of many passersby, just one block away from the bustling hub of restaurants, a theater, and shops in one of Raleigh's most vibrant neighborhoods. Upon stepping onto the inviting front porch, you are greeted by breathtaking views of the sun setting behind the spire of Hayes Barton Baptist Church, encouraging you to discover the meticulously restored historical elements of the house. The vintage corner cupboard now blends seamlessly with the modernized kitchen and bathrooms, offering a perfect mix of old-world allure and contemporary upgrades. This beloved dream cottage is given a new lease on life with its unique fusion of the past and present. In case more space is desired, there is ample potential for expanding the living area on the spacious lot, a rare find in this neighborhood. The beautifully landscaped yard, graced with the joys of spring, boasts a spacious patio and carport for ample off-street parking. It is uncommon to come across a property that offers such potential, combined with walkability and distinctive character.
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| Nov 21, 1994 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017