501 N Queen Street
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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%.
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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 |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | Listed by Compass -- Raleigh | $730,000 | |
| Listed by Compass -- Raleigh | |||
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This adorable 1920's craftsman bungalow blends the charm and character of older homes, with the functionality of newer ones. Inside this 3 bedroom, 2.5 bath home, discover 100+ year old heart pine flooring, mahogany pocket doors, beautiful built-ins, large molding and casings, plus 3 fireplaces (2 functional and 1 decorative). You'll love the updated eat-in kitchen with cafe appliances, large walk-in pantry and laundry room, stunning bathrooms that bring in historic vibes while incorporating modern fixtures. Unwind in the upstairs owner's retreat, complete with balcony, ensuite bath with soaking tub and tiled shower and an open walk in closet with a fun eyebrow dormer for natural light. As an extra bonus... explore the room beyond the closet to create your own reading nook, private office or play room. This area is finished, heated and cooled, not included in the total sqft due to ceiling heights, but usable space nonetheless. Enjoy catching up with neighbors on the large covered front porch or grilling out on your back patio. When you don't feel like cooking, just stroll down to one of the many nearby restaurants before taking in a show at DPAC or catching a foul ball at a Durham Bulls game. This home is full of charm and located in a convenient historic district. You don't want to miss this one!
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| Mar 6, 2020 | Sold | ||
| Sold | |||
| Oct 22, 2019 | Listed by RE/MAX One Hundred | $529,500 | |
| Listed by RE/MAX One Hundred | |||
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DOWNTOWN DURHAM DREAMING! imagine a 1920 Craftsman House with 100-Year-Old Heart Pine Floors, chunky GEOMETRIC door casings & baseboards, high ceilings and spacious rooms, as you enter into the parlor enjoy the massive 2-inch thick, solid mahogany pocket doors suspended on the original cast iron track, be captivated by the Original Tortoise Shell Tile on 1 of 3 fireplaces. As you wander upstairs, gaze upon a LUXURIOUS retreat with an exceptional 36-pane window..not time to wake up but schedule a visit!
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| Sep 23, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017