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2946 Glenridge Drive
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 22, 2026 | Listed by Choice Residential Real Estate | $370,000 | |
| Listed by Choice Residential Real Estate | |||
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Dec 15, 2024 | In contract | - | |
| In contract | |||
| Dec 11, 2024 | Listed by Berkshire Hathaway HomeService | $350,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
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Welcome to this beautifully maintained 3-bedroom, 1.5-bath ranch home, set on a generous 0.37-acre lot with endless potential. Currently operating as a successful Airbnb, this property offers versatility—continue using it as a profitable short-term rental or make it your dream home!
Step inside to discover gleaming refinished hardwood floors throughout, adding warmth and charm. The updated bathrooms feature stylish tile work, new light fixtures, and modern toilets, ensuring comfort and convenience. The kitchen is equipped with a new microwave and dishwasher, complementing its functional layout.
Outside, a spacious deck overlooks the large, fully fenced backyard—a private retreat perfect for entertaining, gardening, or simply unwinding. Additional upgrades include new blinds and a freshly installed fence, making this home move-in ready.
Location is key, and this property delivers! Just 8 minutes from the vibrant North Hills district and only 10 minutes to the heart of downtown Raleigh, you'll enjoy easy access to top restaurants, shops, and entertainment.
Whether you're a first-time homebuyer, an investor, or someone looking to grow your rental portfolio, this home checks all the boxes.
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| Oct 24, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017