$251,000
●
Land -
Off Market
202 Baggett Avenue
Raleigh, NC 27604
Studio
0 Bath
$1,402
Est. Monthly
About This Property
1 of 2 premium lots in Downtown Raleigh: this is a prime
development opportunity to build in the sought-after Belvidere Park
neighborhood. The building envelope provides space to create luxury
singe family, or scale up and add more doors for an investment
property. Whatever you choose, buyers will want to be in this
charming, old-growth neighborhood, offering a peaceful and
established setting just minutes from all the amenities you need.
Enjoy close proximity to shops and dining at Brookside, Person
Street, or Gateway Plaza. Stroll down the block and enjoy the green
space at Lions Park. This lot is a perfect blank canvas in a
well-loved Raleigh neighborhood with mature trees and character.
Embrace a balance of tranquility and accessibility.
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$174
HOA Dues
-
Year Built
-
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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: 8 months ago (TMLS #10128742)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Jan 24, 2026 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Price Decreased |
$250,000
↓ $25K
(9.1%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by Rich Realty Group | $275,000 | |
| Listed by Rich Realty Group | |||
| Apr 7, 2025 | Listed | $265,000 | |
| Listed | |||
| | |||
|
Prime opportunity to build in the sought-after Belvidere Park neighborhood of Raleigh! This 4100sqft lot w/ 45' of frontage is one of two available in this charming, old-growth neighborhood, offering a peaceful and established setting just minutes from all the amenities you need. Enjoy close proximity to Gateway Plaza's shops and dining, the open spaces of Lions Park. This lot is a perfect blank canvas for those looking to craft a custom home in a well-loved Raleigh neighborhood with mature trees and character. Embrace a balance of tranquility and accessibility.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About East Raleigh
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Listed by: Ryan Daniel Sabatini, Rich Realty Group
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10128742
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10128742
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