2143 Ridge Road
About This Property
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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 |
|---|---|---|---|
| May 10, 2026 | Listed by Howard Hanna Allen Tate Raleigh Glenwood | $800,000 | |
| Listed by Howard Hanna Allen Tate Raleigh Glenwood | |||
| Aug 25, 2025 | Sold | ||
| Sold | |||
| Jul 14, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Price Decreased |
$795,000
↓ $55K
(6.5%) | |
| Price Decreased | |||
| May 9, 2025 | Listed by Berkshire Hathaway HomeService | $850,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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EASY LIVING STARTS HERE! Charming Rocking chair front porch welcomes one to a single-level home in one of Raleigh's most sought-after locations. Whether you are a first-time home buyer, rightsizing or just want a great place to call home, this home is a must see!
Set on a flat landscaped lot with private back yard and tons of curb appeal it's the perfect mix of comfort and accessibility. Driveway has two car parking pad for an easy turn to enter on to Ridge Rd.
The interior of this well-maintained home presents multiple opportunities with its spacious kitchen offering ample cabinet space, living room with stunning views of surrounding grounds, dining room, cozy den with soaring cathedral ceiling, library/office with extensive built-ins, two fireplaces, hardwood floors, and plantation shutters throughout provide welcoming spaces for entertaining or relaxing throughout.
In a seamless connection to the exterior, step outside to a private level back yard full of gardens, plantings, brick walkways, and all nurtured over the many years by an avid homeowner/gardener, making this home truly special.
Location is everything - and this home delivers! You're just minutes from top-rated schools, popular restaurants, shopping, groceries, bike paths and more. Commuting is a breeze with quick access to major routes, RTP, RDU, downtown Raleigh as well as making daily errands and weekend fun and a breeze.
A rare opportunity one does not want to miss!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017