504 Waterside Drive
About This Property
Across the street, a serene view and inviting path lead to the Spring Valley pond, complete with its own dock-perfect for picnics, sunset watching, peaceful walks, and nearby longer hikes or bike rides in Bolin Forest.
Inside this contemporary home, the spaces shine with a perfect balance of openness for entertaining around the kitchen and cozy comfort for curling up by the fireplace. The easy flow of the floor plan features a spacious main-level primary bedroom with ensuite bath, plus two generous upstairs bedrooms with a shared bathroom between them.
The extras are plentiful: ample under-eave storage in each bedroom, a primary walk-in closet, a back deck overlooking green space and woods, and-topping it all off-a large basement workshop ideal for projects and additional storage.
From here it is an easy Saturday morning stroll to the Carrboro Farmers Market and perfect Carrboro location close to UNC Chapel Hill and a breeze to Duke, Durham. RTP and RDU.
Everything is here in this lovely jewel of a home. A real gem in the heart of Carrboro-warm, welcoming, and wonderfully livable.
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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 |
|---|---|---|---|
| Feb 9, 2026 | Sold | ||
| Sold | |||
| Dec 29, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2025 | Listed by Compass -- Chapel Hill - Durham | $570,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| Aug 13, 2019 | Sold | ||
| Sold | |||
| Aug 11, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017