421 Gilpin Way
About This Property
Upstairs, the primary suite is your personal retreat-boasting double vanities, a spa-worthy glass shower, a soaking tub, and a walk-in closet. Three more spacious bedrooms, two full baths, and a versatile loft add endless possibilities for work, play, and relaxation.
The fully finished basement (completed in 2022 with permits) takes it to the next level-offering a full kitchen, private bedroom, elegant bath, second laundry room, home gym, and a state-of-the-art theater with custom soundproofing and premium finishes.
Outside, your private backyard oasis awaits-surrounded by a 6-foot fence and backing onto peaceful, protected woods. Every builder upgrade imaginable is here, plus peace of mind with a 10-Year Structural Warranty.
Perfectly located just minutes from RDU, I-540, and I-40, this home delivers luxury, privacy, and convenience in one unforgettable package!
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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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 7, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Price Decreased |
$1,150,000
↓ $39K
(3.3%) | |
| Price Decreased | |||
| Nov 1, 2025 | Listed by DASH Carolina | $1,189,000 | |
| Listed by DASH Carolina | |||
| Sep 27, 2025 | Relisted | $1,220,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Cary
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017