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2816 Barwell Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Oct 2, 2026 | Price Decreased |
$328,900
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by Northside Realty Inc. | $329,900 | |
| Listed by Northside Realty Inc. | |||
| Nov 22, 2025 | Listed | $290,000 | |
| Listed | |||
| | |||
|
Welcome to 2816 Barwell Road, less then 15 minutes from downtown , a spacious and inviting ranch in the steadily growing Southeast Raleigh corridor. With over 1,600 square feet, this home offers the kind of comfort, layout, and flexibility that appeal to both homeowners and investors. The family room features vaulted ceilings, skylights, and a beautiful stone wood-burning fireplace, creating a warm central gathering space. An eat-in kitchen, separate dining room, and bright sunroom offer options for everyday living and entertaining.
The primary suite includes a walk-in closet and dual vanities, and the two additional bedrooms provide generous space rarely found at this price point in Raleigh. The home has been thoughtfully maintained over the years and offers solid structure, great flow, and room to personalize as desired.
Step outside to a large, flat, fully fenced backyard. The freshly stained deck is an ideal spot for relaxing or hosting friends. A wired and plumbed backyard shed adds another layer of opportunity. It could be used as a workshop, creative studio, guest space, or an income-generating project for the right buyer, with use to be verified by buyer This feature adds tremendous versatility and is uncommon in this area.
Located in a section of Raleigh that continues to experience growth and development an NO HOA! The home offers quick access to Interstate 440, Highway 264, and downtown Raleigh. Dining, schools, shopping, and amenities are all nearby, and the absence of an HOA provides the freedom to make the property your own.
For first-time buyers seeking a comfortable home with space to grow, or investors searching for a smart long-term hold in an appreciating area, this property delivers a rare combination of value and potential. Explore the possibilities and envision what you can create at 2816 Barwell Road.
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| Oct 2, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017