$219,000
●
Condo -
Off Market
2308 Myron Drive #201
Raleigh, NC 27607
3 Beds
2 Baths
988 Ft²
$1,749
Est. Monthly
$425
HOA / Fees
About This Property
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.
Unit Size
988 Ft²
Days on Market
-
Land Size
-
Price per sqft
$232
Property Type
Condo
Property Taxes
$200
HOA Dues
$425
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: 10 months ago (TMLS #10126471)
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 | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 2
Flooring Type: Carpet
Rooms: 8
Exterior Details
Has Property Attached
Square Footage: 988
Architectural Style: Traditional
Year Built: 1971
Building Area Total: 988
Levels: One
Building Area Units: Square Feet
Construction Materials: Vinyl Siding
Water Source: Public
Financial Details
Tax Annual Amount: $2,399
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Trash, Water
HOA Fee: $425
HOA Fee Frequency: Monthly
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: Liz Brown, Compass -- Cary
Last Updated: 10 months ago
Data Source: TMLS, MLS# 10126471
Last Updated: 10 months ago
Data Source: TMLS, MLS# 10126471
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