Set on 1.25 private, wooded acres in one of North Raleigh's most
established neighborhoods, this classic brick home has been
completely reimagined with a renovation that feels elevated at
every turn. A circular drive and side-entry garage create an
impressive arrival, while the mature setting gives you the privacy
and breathing room that is increasingly difficult to find close to
everything. Inside, the home balances timeless architecture with a
fresh, design-forward finish. Light oak flooring, refined millwork,
designer lighting, and a thoughtfully layered palette carry
throughout the main level. The kitchen is a true centerpiece with
custom-style cabinetry, quartz counters, a statement range, open
shelving, an oversized island, and the kind of finish level buyers
expect in a home of this caliber. It opens naturally to the family
room, where painted brick, a fireplace, built-ins, and walls of
windows create a space that feels both polished and comfortable.
The large formal living space gives the home a second true
gathering area, complete with its own fireplace and direct access
to the deck. The dining rooms give the home flexibility for
entertaining & the space that makes daily life work better. A
main-level guest suite provides a quiet option for visitors or
multigenerational living. Upstairs, the primary suite feels like a
retreat, with a beautifully renovated bath featuring a custom
double vanity, tailored tilework, brass fixtures, and statement
lighting. Additional baths continue the same elevated design,
including a striking black-tile walk-in shower. Three additional
bedrooms and an oversized bonus room provide room for a media
space, playroom, gym, or second office. Two expansive decks extend
the living space outdoors and overlook the secluded, tree-lined
lot. Residents enjoy neighborhood pool, tennis, and pickleball
amenities, plus easy access to I-540, RDU, premier shopping,
dining, and all that North Raleigh has to offer. This is not simply
a home with space. It is a fully finished, move-in-ready lifestyle
with the land, location, and renovation buyers rarely find
together.
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.
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