400 Bragg Street
About This Property
Experience urban living at its finest in this modern 2023-built showstopper, ideally located just minutes from all that downtown Raleigh has to offer!
This exceptional home was built by an award-winning Raleigh builder, surrounded by new construction and revitalization in one of the city's fastest-growing districts. With 2 bedrooms, 2.5 baths, and a dedicated office/den, this home offers flexible living and thoughtful design across every level.
The first floor features a bright, open-concept family room and kitchen/dining area, ideal for both entertaining and everyday living. Upstairs, a separate office or den provides the perfect space to work from home, unwind, or host guests. At the top, enjoy sweeping views of the downtown Raleigh skyline from your private rooftop terrace-a true standout feature.
Inside, you'll find wide-plank LVP flooring throughout, custom cabinetry and closets, quartz countertops, stainless steel appliances, matte black fixtures, floor-to-ceiling tiled showers, and recessed and designer lighting that tie the whole look together.
Enjoy easy access to Fayetteville Street, Dix Park, and the exciting new Downtown South project, with shopping, dining, and entertainment all just minutes away. Bike to Chavis Park, with nearly 30 acres of green space, playgrounds, splash pad, and walking trails-or take a short stroll to Sorrell Park's playground just one block away.
All selections have been professionally curated-this home is truly move-in ready. Don't miss this rare opportunity to own a stylish, low-maintenance home in the heart of downtown Raleigh.
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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%.
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 |
|---|---|---|---|
| Dec 2, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 6, 2025 | Price Decreased |
$415,000
↓ $15K
(3.5%) | |
| Price Decreased | |||
| Aug 9, 2025 | Listed by Raleigh Custom Realty, LLC | $429,900 | |
| Listed by Raleigh Custom Realty, LLC | |||
| Apr 12, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017