2208 Lawrence Drive
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 |
|---|---|---|---|
| Apr 3, 2025 | Sold | ||
| Sold | |||
| Feb 27, 2025 | In contract | - | |
| In contract | |||
| Jan 24, 2025 | Listed by The Prosperous Agency | $375,000 | |
| Listed by The Prosperous Agency | |||
| | |||
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Nestled in a hidden gem location with unbeatable access to Downtown Raleigh, the Farmers Market, NCSU, and I-40, this rare all-brick ranch is a must-see! Designed for low-maintenance living, this home combines timeless charm with thoughtful updates, making it the perfect retreat.
Key Features You'll Love:
Character and Warmth: Original hardwood floors throughout create a cozy, inviting atmosphere.
Beautifully Remodeled Kitchen: Enjoy white cabinetry, granite countertops, and a wall of windows that fill the space with natural light. Perfect for morning coffee or evening gatherings!
Spacious Outdoor Living: Step onto your oversized deck overlooking a huge pesticide-free backyard, complete with a shed - ideal size for the entire family.
Master Suite Sanctuary: Private retreat with an updated en-suite bathroom featuring a luxurious walk-in tiled shower.
Roomy Guest Bedrooms: Larger-than-average rooms share a tastefully tiled hall bath.
Additional Upgrades:
2022: Partial kitchen remodel with modern finishes.
2019: New HVAC for year-round comfort.
New chair-height toilets for added convenience.
Master bathroom remodel for a spa-like experience.
All-new interior and front doors for a fresh, updated look.
Newly painted ceilings and crown molding for a polished finish.
Privacy partial fence in the backyard—perfect for quiet evenings.
Professionally landscaped yard and new sump pump installation.
Custom window shades for added style and energy efficiency.
Lifestyle Perks:
Flooded with natural light, this home is perfect for those who love a bright and cheerful living space. Plus, you're just minutes from various restaurants/
Don't miss your opportunity to own this charming, well-maintained ranch home in one of Raleigh's most convenient locations. Schedule your showing today and start living your dream!
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| Jul 13, 2016 | Sold | ||
| Sold | |||
| May 6, 2016 | Listed by Re/Max One Realty | $159,800 | |
| Listed by Re/Max One Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017