1968 Palmer Drive
About This Property
The heart of the home is a stunning kitchen made for gathering--featuring 42'' cabinetry, granite countertops, a classic tile backsplash, stainless steel appliances, a pantry, and an oversized island perfect for morning coffee, casual meals, or entertaining guests. The open-concept design flows seamlessly into the dining area and spacious Great Room, creating the ideal space to relax and unwind.
Upstairs, retreat to your private primary suite, complete with a 5' shower, double quartz vanity, and a generous walk-in closet. Two additional bedrooms, a full bath, and a conveniently located laundry room offer comfort and flexibility for everyday living.
Ideally located just minutes from South Graham Park, Cedar Rock Park, and I 85/I 40, with easy access to both the Research Triangle Park and the Triad. This beautiful home is almost ready--schedule your tour today and make it yours.
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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 |
|---|---|---|---|
| Oct 9, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Price Decreased |
$324,770
↓ $14K
(4.1%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$338,700
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$339,700
↓ $5K
(1.5%) | |
| Price Decreased | |||
| May 15, 2026 | Price Decreased |
$344,770
↓ $4K
(1.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017