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509 Colleton Road
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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 |
|---|---|---|---|
| Sep 28, 2026 | Sold | ||
| Sold | |||
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by EXP Realty LLC | $875,000 | |
| Listed by EXP Realty LLC | |||
| Mar 5, 2025 | Listed | $895,000 | |
| Listed | |||
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Design Your Dream Home in One of Raleigh's Most Walkable Neighborhoods! A rare opportunity to create a home that's uniquely yours in the heart of Raleigh! This Scandinavian-inspired modern masterpiece is ready to build - offering the perfect blend of ultra-efficient ENERGY STAR quality, urban convenience, and private retreat all localted just minutes from Downtown Raleigh, Pullen Park, WakeMed, and NCSU.
Step inside to soaring 9-ft ceilings, an open-concept layout, and high-end custom finishes. With 3 bedrooms, 2.5 bathrooms, and private office, this home is crafted for modern living. Picture entertaining in your chef's kitchen, unwinding in your spa-like primary suite with a vaulted ceiling, or lounging in your very own pool! Yes, there's room to design the backyard oasis of your dreams with a pool or an Accessory Dwelling Unit (ADU)! Construction is ready to start, so this is your chance to bring your vision to life! Select finishes, add personal touches, and make this home a reflection of you. Opportunities like this don't come often, so don't miss it!
Want to move in right away? Check out 505 Colleton Rd just next door! It's brand new and move in ready!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017