$360,000
●
House -
Off Market
2208 Sierra Drive
Raleigh, NC 27603
3 Beds
2 Baths
1,308 Ft²
$2,024
Est. Monthly
5.29%
Cap Rate
About This Property
The Sweet Spot: Classic Ranch Living Near Campus, Parks and Farmers
Market!
Perfect for first-time buyers, downsizers, investors, or NCSU faculty-this well-maintained 3BR/2BA ranch offers comfort, convenience, and value in a sought-after Raleigh location.
Built in 1966 and offering 1,308 sq ft, this charming home features hardwood floors in main living areas and bedrooms, a casual living room, and a cozy eat-in kitchen. Transitional floor plan -- the living room flows into the kitchen, dining room and family room, perfect for everyday comfort.
Enjoy the outdoors on the deck overlooking a fenced 0.27-acre lot. A carport and backyard shed add everyday functionality.
Updates include:
• Brand new HVAC (2025)
• Sewer line replacement (2020)
• Gutters Replaced(2021)
• Newer windows
• Includes refrigerator, washer & dryer
Just minutes to NCSU & Centennial Campus, Lake Raleigh, Lonnie Poole Golf Course, and the State Farmers Market. Access to greenways, dog parks, and local trails makes it easy to enjoy Raleigh's vibrant lifestyle.
Perfect for first-time buyers, downsizers, investors, or NCSU faculty-this well-maintained 3BR/2BA ranch offers comfort, convenience, and value in a sought-after Raleigh location.
Built in 1966 and offering 1,308 sq ft, this charming home features hardwood floors in main living areas and bedrooms, a casual living room, and a cozy eat-in kitchen. Transitional floor plan -- the living room flows into the kitchen, dining room and family room, perfect for everyday comfort.
Enjoy the outdoors on the deck overlooking a fenced 0.27-acre lot. A carport and backyard shed add everyday functionality.
Updates include:
• Brand new HVAC (2025)
• Sewer line replacement (2020)
• Gutters Replaced(2021)
• Newer windows
• Includes refrigerator, washer & dryer
Just minutes to NCSU & Centennial Campus, Lake Raleigh, Lonnie Poole Golf Course, and the State Farmers Market. Access to greenways, dog parks, and local trails makes it easy to enjoy Raleigh's vibrant lifestyle.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$279
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1966
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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: 12 months ago (TMLS #10112507)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$365,000
↓ $15K
(4%) | |
| Price Decreased | |||
| Sep 29, 2025 | Price Decreased |
$380,000
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Sep 12, 2025 | Price Decreased |
$382,000
↓ $7K
(1.8%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
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ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
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Sold On
HOA + Taxes
About Southwest Raleigh
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Listed by: Joann Samelko, Northside Realty Inc.
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10112507
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10112507
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