40
Map
$2,750,000
●
Condo -
For Sale
3021-3035 Medlin Drive
Raleigh, NC 27607
26 Beds
23 Baths
11,085 Ft²
$14,942
Est. Monthly
About This Property
Sale includes 2 parcels, 2 buildings + a garage which include 13
rental units 3021 Medlin + 3029-3035 Medlin. Building 1 @ 3021
Medlin has 9 units, all 2bed 2bath. 3029-2025 Medlin is 4 units.
Property is 1.53 Acres across the 2 parcels. Preliminary
subdivision plan attached for up to 6 Single Family or Duplex lots.
Unit Size
11,085 Ft²
Days on Market
19 days
Land Size
1.53 acres
Price per sqft
$248
Property Type
Condo
Property Taxes
$1,438
HOA Dues
-
Year Built
1984
Listed By
Martha Neese
Rich Realty Group
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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: 19 days ago (TMLS #10197118)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Listed by Rich Realty Group | $2,750,000 | |
| Listed by Rich Realty Group | |||
| Nov 30, 2001 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Parking Details
Has Open Parking
Parking Features: Asphalt, Driveway, Gravel, Lighted, Off Street, On Site, Parking Pad, Unassigned
Open Parking Spaces: 30
Interior Details
Full Bathrooms: 23
Interior Features: Bookcases, Cedar Closet(s), Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Storage, Walk-In Closet(s), Apartment/Suite, Dual Closets, Separate Shower
Appliances: Convection Oven, Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Exhaust Fan, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer, Washer/Dryer Stacked, Water Heater
Flooring Type: Carpet, Laminate, Tile, Vinyl, Wood
Laundry Features: In Kitchen, In Unit, Inside, Laundry Closet, Multiple Locations
Has Fireplace
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 11085
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Year Built: 1984
Building Name: 3029
Building Area Total: 11085
Levels: One, Three Or More
Other Structures: Garage(s)
Construction Materials: Block, Brick, Fiber Cement
Patio and Porch Features: Covered, Deck, Front Porch, Side Porch
Lot Features: Interior Lot, Native Plants, Private, Rectangular Lot, Sloped Up, Views
Lot Size Area: 1.53
Lot Size Units: Acres
Lot Size Acres: 1.53
Lot Size Square Feet: 66646.8
Lot Size Dimensions: 320x213x320x217
Water Source: Public
Financial Details
Tax Assessed Value: $1,870,090
Tax Annual Amount: $17,261
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
About North Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Martha Walker Neese, Rich Realty Group
Last Updated: 19 days ago
Data Source: TMLS, MLS# 10197118
Last Updated: 19 days ago
Data Source: TMLS, MLS# 10197118
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