403 Brooks Avenue
About This Property
An oversized laundry area with built-in countertop makes daily routines feel effortless and organized, while outside, a private patio, storage shed, and fully fenced backyard create a cozy retreat for morning coffee, evening gatherings, or quiet weekends at home. Every space feels thoughtfully used, inviting you to slow down and settle in.
Location truly sets this home apart. Just steps from NC State's campus, minutes to major highways, Lenovo Center and only three miles from Rex Hospital, this address offers unmatched convenience and long-term value. Whether you're looking for a charming primary residence or a standout rental opportunity in one of Raleigh's most in-demand areas, this light-filled home delivers lifestyle, flexibility, and timeless appeal.
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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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by Compass -- Cary | $499,000 | |
| Listed by Compass -- Cary | |||
| Nov 26, 2025 | Price Decreased |
$540,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Oct 13, 2025 | Listed | $565,000 | |
| Listed | |||
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Great location for NCSU students!
2010 new windows.
2016 home received new roof and new gas water heater.
Kitchen new cabinets, granite countertops and appliances.
No owner financing available.
Home has many nice features, here are a few:
Fireplace with gas logs in LR.
Hardwood floors throughout and beautiful tile in kitchen and bath.
Separate DR.
Ceiling fan in back bedroom.
Room down hallway on right is a flex room. Currently
a laundry, cabinet room. Could become an office/laundry combo.
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Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017