$337,500
●
House -
Off Market
305 Freeman Street
Raleigh, NC 27601
3 Beds
2 Baths
1,206 Ft²
$2,280
Est. Monthly
About This Property
Nestled in the heart of one of downtown Raleigh's most sought-after
neighborhoods, this charming bungalow blends timeless
character with modern updates.
An inviting open floor plan creates the perfect setting for entertaining, while the open kitchen impresses with granite countertops, custom cabinetry, and stainless steel appliances. Rich hardwood floors flow throughout the main living areas, complemented by beautifully updated bathrooms featuring tile floors and tub surrounds.
Unwind on the classic rocking-chair front porch or retreat to the private back deck. Conveniently located just minutes from downtown Raleigh's restaurants, shops, parks, and cultural destinations, this home offers easy access to everything the city has to offer.
An inviting open floor plan creates the perfect setting for entertaining, while the open kitchen impresses with granite countertops, custom cabinetry, and stainless steel appliances. Rich hardwood floors flow throughout the main living areas, complemented by beautifully updated bathrooms featuring tile floors and tub surrounds.
Unwind on the classic rocking-chair front porch or retreat to the private back deck. Conveniently located just minutes from downtown Raleigh's restaurants, shops, parks, and cultural destinations, this home offers easy access to everything the city has to offer.
Unit Size
1,206 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$331
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1930
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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: 8 months ago (TMLS #10139073)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Jan 2, 2026 | Listed by Monarch Realty Co. | $399,500 | |
| Listed by Monarch Realty Co. | |||
| Dec 20, 2025 | Price Decreased |
$399,500
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Oct 23, 2025 | Price Decreased |
$424,500
↓ $29K
(6.4%) | |
| Price Decreased | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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Sold On
HOA + Taxes
About Central Raleigh
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Listed by: Jason Queen, Monarch Realty Co.
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10139073
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10139073
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