$399,000
●
House -
Off Market
220 Gordon Street
Cary, NC 27511
3 Beds
2 Baths
2,002 Ft²
$2,241
Est. Monthly
About This Property
Prime Downtown Cary Location, 0.32-Acre Lot, Endless Potential!
Just minutes from the heart of Downtown Cary, this property offers
an incredible opportunity in one of the area's most sought-after
communities. Nestled on a spacious 0.32-acre lot surrounded by
mature trees, this split-level home is ideal for buyers or
investors looking to renovate, reimagine, or build new in a premier
location. Originally designed as a four-bedroom home, one wall was
removed to create a larger bedroom suite, easily convertible back
to a four-bedroom layout if desired. The detached two-car garage
offers flexible use potential, whether as a future ADU, studio, or
workshop. Homes on large lots this close to Downtown Cary rarely
come available. Enjoy walkable access to local shops, restaurants,
parks, and all that Cary's vibrant downtown district has to offer,
while still tucked within a quiet, established neighborhood of
character and charm. Bring your vision and take advantage of this
rare opportunity to create something truly special in one of Cary's
most coveted locations!
Unit Size
2,002 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$199
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1963
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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: 11 months ago (TMLS #10129627)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burtrose
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Listed by: Tina Caul, EXP Realty LLC
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10129627
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10129627
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