$320,000
●
House -
Off Market
2331 Stevens Road
Raleigh, NC 27610
2 Beds
1 Bath
860 Ft²
$1,858
Est. Monthly
5.85%
Cap Rate
About This Property
Charming Inside-the-Beltline Bungalow in Longview Park! Nestled on
just under a third of an acre, this inviting home offers timeless
character with modern updates in one of Raleigh's most beloved
neighborhoods. Located just minutes from downtown Raleigh and
I-440, the home is perfectly positioned for both convenience and
lifestyle. Step inside to discover refinished hardwood floors, a
bright living area, and a renovated bathroom featuring a tiled
floor. The kitchen is a standout with stainless steel appliances,
gas range, and tile flooring - ready for the home chef. Enjoy
morning coffee or evening entertaining on the back deck overlooking
a spacious, private, and landscaped fenced-in yard. This
picturesque, tree-shaded retreat is full of potential for
appreciation and everyday enjoyment. A rare find ITB at this price
point! Investors dream as well! Currently beings used as STR.
Furnishings are available and negotiable!
Unit Size
860 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$388
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1958
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #10108455)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Price Decreased |
$333,500
↓ $22K
(6.1%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed by Monarch Realty Co. | $355,000 | |
| Listed by Monarch Realty Co. | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About East Raleigh
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jason Queen, Monarch Realty Co.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10108455
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10108455
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017