$190,000
●
House -
Off Market
5136 Melbourne Road
Raleigh, NC 27606
3 Beds
1 Bath
1,292 Ft²
$338,977
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model
About This Property
This home is located in the highly coveted Cardinal Hills
Subdivision. The house is just across the road from Powell Park.
Come and relax in the private and fenced back yard.
There is room for a garden and so much more. The home
features 3 bedrooms with all hardwood floors, 1 bathroom, and very
large closets. The garage is attached and also has a large
workshop/ shed on the back. The laundry was moved inside and
is conveniently located off the kitchen. This home is move in
ready.
Unit Size
1,292 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$148
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
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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 #2024266)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 8, 2025 | In contract | - | |
| In contract | |||
| Feb 12, 2025 | Listed by Rich Realty Group | $385,000 | |
| Listed by Rich Realty Group | |||
| | |||
|
Brick ranch on corner lot in sought after Cardinal Hills! Hardwoods, new roof 2024, new HVAC 2018 and mature landscaping! Quick and easy access to 440, Downtown Raleigh, parks, NSCU and RDU. Perfect for a flip, rental or for a first time home buyer wanting to make their own upgrades.
| |||
| Sep 25, 2015 | Sold | ||
| Sold | |||
| Aug 12, 2015 | Listed by POINTE REALTY GROUP LLC | $191,000 | |
| Listed by POINTE REALTY GROUP LLC | |||
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Property Highlights
Garage
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
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Sold On
HOA + Taxes
About Southwest Raleigh
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Listed by: Stephanie Gilmore, POINTE REALTY GROUP LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2024266
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2024266
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