$200,000
●
House -
Off Market
4616 Draper Road
Raleigh, NC 27616
3 Beds
2 Baths
1,288 Ft²
$1,525
Est. Monthly
$78
HOA / Fees
7.34%
Cap Rate
About This Property
Welcome to your charming home-buying opportunity! 4616 Draper has
what everyone buyer is looking for: a first-floor bedroom,
fenced-in backyard, newer LVP floors downstairs and a blank slate
upstairs to entirely make your own. Priced to sell and bring your
vision to life in this adorable home that is right across the
street from the community park in Smoketree, a neighborhood that is
also home to a pool, tennis courts and a playground! Conveniently
located 3 minutes from US-1 and 540, this location is ideal for any
commuter and the home provides the space to flex and work from home
as well! This is an opportunity for homeownership in a calm and
quiet community with a lovely porch and deck to boot - make your
move and make it yours. It's a great day to buy real estate.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$194
Property Type
House
Property Taxes
$220
HOA Dues
$78
Year Built
1986
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Cap Rate Calculator
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Cap Rate
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: 11 months ago (TMLS #10121360)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Relisted | $249,900 | |
| Relisted | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 18, 2025 | Relisted | $249,900 | |
| Relisted | |||
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Property Highlights
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With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northeast Raleigh
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Listed by: Ryan Daniel Sabatini, Rich Realty Group
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10121360
Last Updated: 11 months ago
Data Source: TMLS, MLS# 10121360
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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