438 Granite Mill Boulevard
About This Property
First floor features a bright, open-concept plan featuring a spacious living and dining area, and a stylish kitchen with granite countertops, a generous island, and plenty of cabinet space. A large mudroom and a cozy office nook make everyday life both organized and efficient.
Upstairs, the primary suite offers a peaceful retreat, while the secondary bedroom has access to its own full bath-perfect for guests, family members, or a quiet work-from-home setup. A laundry closet on the second floor adds convenience right where you need it.
Enjoy the outdoors in your private, fenced-in backyard-ideal for pets, gardening, or simply relaxing. Briar Chapel offers resort-style amenities, including two pools, community gardens, parks, and over 30 miles of scenic trails for outdoor enthusiasts to explore. With its convenient location, you're just 6 minutes from The Veranda, 20 minutes from UNC Hospital, 32 minutes from RTP, and 34 minutes from RDU airport. Video Walkthru: bit.ly/438GraniteMill-Video *Ask about lender credit!
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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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 10, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Price Decreased |
$409,500
↓ $6K
(1.3%) | |
| Price Decreased | |||
| Oct 3, 2025 | Listed by Keller Williams Elite Realty | $415,000 | |
| Listed by Keller Williams Elite Realty | |||
| Aug 14, 2025 | Price Decreased |
$415,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017