$375,000
●
House -
Off Market
504 Branch Street
Raleigh, NC 27601
3 Beds
2 Baths
1,200 Ft²
$2,254
Est. Monthly
4.78%
Cap Rate
About This Property
This beautifully updated 1920s Arts and Crafts bungalow is just
minutes from downtown Raleigh, offering the perfect combination of
historic charm and modern convenience. The home features the
kitchen with sleek cabinetry, an induction cooktop, and plenty of
storage, including a pantry-ideal for home chefs and
entertainers. The luxurious master bathroom boasts a walk-in glass
shower and elegant tile floors, creating a spa-like retreat. The
open floor plan allows for seamless flow between the living,
dining, and kitchen areas, making it perfect for gatherings.
Outside, you'll find a fully fenced-in backyard, offering privacy
and plenty of space for outdoor activities, plus a charming covered
back porch for year-round enjoyment. With its prime location just a
short drive from downtown Raleigh, you'll have easy access to
shopping, dining, parks, and entertainment. This Arts and Crafts
gem offers the opportunity to own a piece of history while enjoying
all the comforts of modern living.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$322
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1920
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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: 2 years ago (TMLS #10073798)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 7, 2025 | In contract | - | |
| In contract | |||
| Mar 24, 2025 | Price Decreased |
$386,000
↓ $43K
(10%) | |
| Price Decreased | |||
| Mar 12, 2025 | Price Decreased |
$429,000
↓ $31K
(6.7%) | |
| Price Decreased | |||
| Mar 2, 2025 | Price Decreased |
$459,999
↓ $20K
(4.2%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Air Conditioning
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 Central Raleigh
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Listed by: Kathleen LeBlanc, Flex Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10073798
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10073798
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