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3916 King Charles Road
About This Property
The bright sunroom overlooks the backyard and provides a comfortable space to enjoy the surrounding natural setting year-round. Additional features include a separate dining room, breakfast nook, and an enclosed porch with utility sink offering flexible space for gardening, hobbies, pets, storage, or use as a mudroom.
The large walk-up unfinished attic provides exceptional storage and future expansion potential. Situated on a partially wooded lot with mature trees, the home enjoys abundant natural light and a setting that feels tucked away while remaining close to everything Durham has to offer.
Being sold as-is, this property presents an excellent opportunity for buyers looking to personalize a well-built home in one of Durham's most convenient locations. Ready for a new owner's updates and improvements, the home's size, layout, and unique features provide an exceptional foundation for creating a home tailored to your style and needs. Conveniently located near Duke, UNC, The Streets at Southpoint, RTP, I-40, and RDU.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 24, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 16, 2026 | Price Decreased |
$469,900
↓ $20K
(4.1%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by Long & Foster Real Estate INC | $489,900 | |
| Listed by Long & Foster Real Estate INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017