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2309 Valley Forge Drive
About This Property
Some homes are just houses. Others are filled with stories--and this one is ready for someone new to carry it forward.
Homes in Heritage Point rarely hit the market. Offered by its original owner, this 4-bedroom (per septic), 3 bath, 4,274 square foot all-brick home has a guest suite with full bath on the main floor, sits on 1.14 acres and places you in one of Raleigh's most convenient locations--just 3 minutes to I-540.
Step inside and you're welcomed by a true foyer, with a formal living room and dining room on either side--spaces that feel intentional and ready for new gatherings. Toward the back of the home, a full guest bedroom and bath on the main level adds flexibility that's increasingly hard to find. The layout opens to a generous family room with a wood-burning fireplace, connecting naturally to the kitchen and breakfast nook. A separate laundry room and direct access to the two-car garage are close by and there's a walk-in pantry tucked right where you'd hope. It has just the right amount of separation between spaces to give both openness and privacy.
Upstairs, the home continues to unfold. The primary suite is set apart for privacy, with its own walk-in closet and a spacious bath layout ready for reimagining. Bedrooms 3 and 4 offer comfortable space with large closets, while the 5th room easily flexes for sleeping or as an office. The oversized bonus room with a wet bar has long been a place to gather and unwind--and offers the scale to evolve into whatever comes next. Add bathroom perhaps? Continue further up and you'll find an enormous walk-up attic--easy to access and full of potential for storage or future ideas. There's so much room here to grow and adapt.
Out back, a large deck overlooks the 1.14-acre lot, offering a sense of space that's getting harder to find. Room to breathe and make it your own. This home has been well maintained and thoughtfully lived in. While the interior reflects its time and will benefit from updates, the layout, scale, and solid all-brick construction create a foundation that's hard to replicate today. For the next owner, this is an opportunity to carry the home forward--preserving and honoring what works while creating a space that reflects their own story. Walk through it, study the floorplan, and see what the next chapter could look like for you. Set your appointment today.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017