$241,500
↓ $34K (12.2%)
●
House -
For Sale
4117 Willow Oak Road
Raleigh, NC 27604
3 Beds
2 Baths
1,504 Ft²
$1,437
Est. Monthly
About This Property
INVESTOR OPPORTUNITY | PRIME RALEIGH LOCATION Unlock the potential
of this classic brick ranch, ideally positioned on a spacious lot
just minutes from Downtown Raleigh. Featuring 3 bedrooms, 2
bathrooms, hardwood floors throughout the main living area and
bedrooms, a brick fireplace in the den, and a generously sized
laundry room, this property offers a solid foundation for
renovation, investment, or redevelopment. The location adds even
more appeal, just 3 minutes from Hedingham Golf Course, 10 minutes
from Downtown Raleigh, and convenient to shopping, dining, and
everyday amenities. Whether you're looking for your next renovation
project or an investment with upside, this is an opportunity worth
exploring. Sale is subject to a 10-day upset bid period and court
approval. Case#26SP000211-910
Unit Size
1,504 Ft²
Days on Market
45 days
Land Size
0.41 acres
Price per sqft
$161
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1971
Listed By
Matt Bennett
Rich Realty Group
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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: 10 days ago (TMLS #10192115)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$241,500
↓ $34K
(12.2%) | |
| Price Decreased | |||
| Sep 23, 2026 | Price Decreased |
$275,000
↓ $25K
(8.3%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Rich Realty Group | $300,000 | |
| Listed by Rich Realty Group | |||
| Jan 10, 1995 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Full Bathrooms: 2
Flooring Type: Ceramic Tile, Laminate, Wood
Rooms: 1
Has Fireplace
Fireplaces: 1
Exterior Details
Square Footage: 1504
Property Condition: Fixer
Architectural Style: Traditional
Year Built: 1971
Building Area Total: 1504
Levels: One
Construction Materials: Brick
Lot Size Area: 0.41
Lot Size Units: Acres
Lot Size Acres: 0.41
Lot Size Square Feet: 17860
Water Source: Public
Financial Details
Tax Map Number: 22
Tax Assessed Value: $328,172
Tax Annual Amount: $3,003
Utilities Details
Cooling Type: Central Air
Heating Type: Fireplace(s), Heat Pump
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Closing Price
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HOA + Taxes
About Northeast Raleigh
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Listed by: Matt Bennett, Rich Realty Group
Last Updated: 10 days ago
Data Source: TMLS, MLS# 10192115
Last Updated: 10 days ago
Data Source: TMLS, MLS# 10192115
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