55
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301 Bickett Boulevard
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%.
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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 23, 2026 | Listed by Monarch Realty Co. | $1,315,000 | |
| Listed by Monarch Realty Co. | |||
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by Compass -- Raleigh | $945,000 | |
| Listed by Compass -- Raleigh | |||
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The Assemblage at Bickett Boulevard - Incredible opportunity to develop a high end collection of homes in one of the most sought after neighborhoods in Raleigh. Minutes to restaurants, coffee shops, breweries, parks and schools.
Lots lines were created to accommodate up to 8,000 SF+/- of cumulative building area for three detached, two-story homes with under building parking to take advantage of the topography and to preserve the majestic 50'' DBH Oak tree at the intersection. Buyer also has the option of permitting three townhome units facing Bickett with one detached home facing Fairview which would increase cumulative building area. Topo survey, site plan, and grading plan are available. Permit approvals are subject to City of Raleigh approval.
Three buildable lots will be sold as a package.
Zoned R-10 with Frequent Transit Development Option (FTDO) and Five Points East (Core Area) NCOD
Building setbacks in R-10 FTDO: Bickett Boulevard: 14.3' (NCOD front yard setback calculations are available), Fairview Road: 10', Side Yard: 5', Rear Yard: 15'
Proposed building heights: 2-stories plus under building parking/basement area that is 50% minimum below finish grade. Rooftop patios may be permitted.
Proposed building footprint dimensions based on current lot configuration: 25' x 40'
One proposed shared driveway on Fairview Road to access under building parking.
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| May 7, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017