$375,000
●
House -
Off Market
3509 Pinkham Way
Raleigh, NC 27616
3 Beds
2 Baths,
1
Half Bath
2,123 Ft²
$2,153
Est. Monthly
$29
HOA / Fees
About This Property
New Price -- Exceptional Value!
This picture-perfect home is now offered at an attractive new price, presenting a wonderful opportunity for today's buyers.
The expansive primary bedroom provides exceptional flexibility--perfect for a sitting area, home office, or private retreat--creating a peaceful escape at the end of the day. The primary closet is truly a standout feature.
Recent updates include:
New LVP flooring throughout the main level
Fresh interior paint and new carpet
Newly painted shutters and front door
Entire home professionally power-washed
Manicured lawn
Additional highlights include stainless steel appliances, a loft, and a cozy fireplace. Refrigerator, washer, dryer, and playset all convey.
Step outside to enjoy a deck and patio overlooking a large, fully fenced backyard--ideal for entertaining or unwinding.
Professionally cleaned and move-in ready.
A fantastic opportunity at a great value.
This picture-perfect home is now offered at an attractive new price, presenting a wonderful opportunity for today's buyers.
The expansive primary bedroom provides exceptional flexibility--perfect for a sitting area, home office, or private retreat--creating a peaceful escape at the end of the day. The primary closet is truly a standout feature.
Recent updates include:
New LVP flooring throughout the main level
Fresh interior paint and new carpet
Newly painted shutters and front door
Entire home professionally power-washed
Manicured lawn
Additional highlights include stainless steel appliances, a loft, and a cozy fireplace. Refrigerator, washer, dryer, and playset all convey.
Step outside to enjoy a deck and patio overlooking a large, fully fenced backyard--ideal for entertaining or unwinding.
Professionally cleaned and move-in ready.
A fantastic opportunity at a great value.
Unit Size
2,123 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$177
Property Type
House
Property Taxes
$282
HOA Dues
$29
Year Built
2005
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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: 7 months ago (TMLS #10140663)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2026 | Sold | ||
| Sold | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Feb 1, 2026 | Price Decreased |
$385,000
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Jan 27, 2026 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Northeast Raleigh
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Listed by: Mary Simpson, Real Broker, LLC
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10140663
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10140663
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