$168,000
●
Condo -
Off Market
2308 Myron Drive #201
Raleigh, NC 27607
3 Beds
2 Baths
1,000 Ft²
$256,339
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Enjoy this 2nd floor condo in fantastic location! You'll be only
minutes away to Greenway access, great restaurants, Crabtree
shopping, the PNC arena, the art musuem, 440 access & Rex hospital.
Condo has been updated w/ fresh paint, new carpet, hdwd & laminate
floors. Remodeled kitchen has new cabinets, granite counters &
black appliances. Crown molding in every room, incl. baths! Floor
to ceiling windows too. Master bdrm has priv bath & WIC. Covered
porch great for relaxing. Fridge, washer & dryer stay
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
Condo
Property Taxes
$99
HOA Dues
$220
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (TMLS #2274206)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Dec 7, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$229,000
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Oct 27, 2025 | Price Decreased |
$239,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed by Compass -- Cary | $249,000 | |
| Listed by Compass -- Cary | |||
| | |||
|
Great investment opportunity! No HOA fees until 2027. Seller will prepay all 2026 monthly fees.Don't miss this bright and well-maintained condo, perfectly situated with easy access to I-440 and just minutes from Downtown Raleigh, RDU Airport, Research Triangle Park, and Meredith College. Located in a prime spot near UNC REX Hospital, this property offers both convenience and long-term value. Enjoy the open floor plan filled with natural light, ideal for comfortable living and entertaining. The spacious primary bedroom features an en-suite bath and a generous walk-in closet. Step outside and explore nearby Reedy Creek Trail, just a short walk from your doorstep—perfect for nature lovers and outdoor enthusiasts. Additional perks include 1 assigned parking space and low-maintenance living in a sought-after location. New water heater in 2023. Whether you're a first-time buyer, downsizer, or investor, this condo checks all the boxes.
| |||
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Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Parking Lot
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, Smooth Ceilings, Walk-In Closet(s)
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer Stacked
Flooring Type: Carpet, Hardwood, Laminate, Vinyl
Laundry Features: Laundry Closet, Main Level
Rooms: 6
Exterior Details
Square Footage: 1000
Year Built: 1971
Above Grade Finished Area: 1000Square Feet
Building Area Total: 1000
Levels: One
Building Area Units: Square Feet
Construction Materials: Vinyl Siding
Patio and Porch Features: Covered, Porch
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $1,188
HOA/Condo/Coop Fee Includes: Water
HOA Fee: $220
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Sewer : Public Sewer
Community & neighborhood Details
Region: Raleigh
Subdivision: Arbors
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/08/2025
|
3 Bed
|
2 Bath
|
988 ft²
|
$249,000
3 Bed
2 Bath
988 ft²
|
$219,000
-12.05%
01/15/2026
|
Liz Brown
Compass -- Cary
| |
|
12/08/2023
|
3 Bed
|
2 Bath
|
1053 ft²
|
$274,900
3 Bed
2 Bath
1053 ft²
|
$275,000
+0.04%
02/27/2024
|
Treshawn Anderson
Costello Real Estate & Investm
| |
|
02/09/2023
|
3 Bed
|
2 Bath
|
981 ft²
|
$199,900
3 Bed
2 Bath
981 ft²
|
$203,999
+2.05%
03/30/2023
|
Rhonda Kosor
Mark Spain Real Estate
| |
|
10/13/2022
|
3 Bed
|
2 Bath
|
990 ft²
|
$279,900
3 Bed
2 Bath
990 ft²
|
-
-
|
Stephanie Anson
Northside Realty Inc.
| |
|
06/09/2022
|
3 Bed
|
2 Bath
|
990 ft²
|
$260,000
3 Bed
2 Bath
990 ft²
|
$270,000
+3.85%
07/15/2022
|
Wendy Preble
Corcoran DeRonja Real Estate
| |
|
10/01/2020
|
3 Bed
|
2 Bath
|
1053 ft²
|
$179,000
3 Bed
2 Bath
1053 ft²
|
$172,500
-3.63%
11/17/2020
|
David Johnson
Keller Williams South Park
| |
|
07/02/2020
|
3 Bed
|
2 Bath
|
1003 ft²
|
$180,000
3 Bed
2 Bath
1003 ft²
|
$190,000
+5.56%
08/21/2020
|
Debbie Holoman
RE/MAX United
| |
|
07/02/2020
| |
3 Bed
|
2 Bath
|
-
|
$180,000
3 Bed
2 Bath
|
-
-
|
-
|
|
05/29/2020
|
3 Bed
|
2 Bath
|
1039 ft²
|
$185,000
3 Bed
2 Bath
1039 ft²
|
$187,500
+1.35%
07/17/2020
|
Phillip Johnson
EXP Realty LLC
| |
|
08/21/2019
|
3 Bed
|
2 Bath
|
1000 ft²
|
$174,900
3 Bed
2 Bath
1000 ft²
|
$168,000
-3.95%
09/12/2019
|
Samara Presley
Smart Choice Realty Company
| |
|
01/10/2019
|
3 Bed
|
2 Bath
|
1002 ft²
|
$169,900
3 Bed
2 Bath
1002 ft²
|
$167,000
-1.71%
03/12/2019
|
Stephanie Anson
Northside Realty Inc.
| |
|
05/01/2018
|
3 Bed
|
2 Bath
|
1053 ft²
|
$162,900
3 Bed
2 Bath
1053 ft²
|
$163,000
+0.06%
07/26/2018
|
Holly Ogle
HomeLight, Inc
|
Building Info
About Northwest Raleigh
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Listed by: Samara Presley, Smart Choice Realty Company
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2274206
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2274206
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