1942 Palmer Drive
About This Property
The chef's kitchen features 42'' cabinetry, Valor Gold quartz countertops, a tile backsplash, stainless steel appliances, pantry and a central island--perfect for island seating and everyday living. The kitchen opens to the dining area and spacious Great Room, where a gas log fireplace, flanked by windows, provides abundant natural light.
A bright morning room adds additional space for relaxing and enjoying views of the backyard.
Upstairs, the primary suite boasts a 5' shower, double vanity with quartz countertops, and a large walk in closet. Three additional bedrooms, a full bath, and a conveniently located laundry room complete the second floor.
Located just minutes from South Graham Park, Cedar Rock Park, and I 85/40, offering easy access to both the RTP and Triad. Expected completion in June. Schedule your tour today!
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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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Price Decreased |
$369,700
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Mar 20, 2026 | Listed by WINDSOR REAL ESTATE GROUP | $372,990 | |
| Listed by WINDSOR REAL ESTATE GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017