$506,000
●
House -
Off Market
5523 Newberry Drive
Raleigh, NC 27609
4 Beds
2 Baths,
1
Half Bath
2,008 Ft²
$2,822
Est. Monthly
About This Property
An Oasis In The City! With 0.37 acres & 75' feet of frontage, this
North Raleigh home is a private retreat in the heart of city.
Located less than 4 minutes to North Hills, 8 miles to downtown & a
short drive to RDU/RTP, this location can't be beat. Located on a
quiet street with wooded & lushly landscaped yard...this is an
outdoor enthusiast's dream with a private patio area, storage shed,
greenhouse & planting station. Guests entering through double front
doors with brass hardware are greeted at the foyer leading to the
living room, separate dining room & kitchen with access to the rear
yard. The lower features a 4th bedroom, large family room with wood
burning, brick fireplace & built in office area. The upper level
features a cozy primary bedroom with ensuite & tiled walk-in shower
plus 2 guest bedrooms & a 2nd full bath. Lovingly maintained, this
home is move-in ready & priced to allow for personalization to
create the home of your dreams! Don't miss the hardwood floors,
soothing views, peace & quite - all in the heart of Raleigh.
Unit Size
2,008 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$249
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1967
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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: 7 months ago (TMLS #10155064)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Listed by Linda Craft Team, REALTORS | $500,000 | |
| Listed by Linda Craft Team, REALTORS | |||
| Jun 12, 2025 | Listed | $550,000 | |
| Listed | |||
| | |||
|
Oasis In The City! With 0.37 acres & 75' feet of frontage, this North Raleigh home is a private retreat in the heart of city. Located less than 4 minutes to North Hills, 8 miles to downtown & a short drive to RDU/RTP, this location can't be beat. Located on a quiet street with wooded & lushly landscaped yard...this is an outdoor enthusiast's dream with a private patio area, storage shed, greenhouse & planting station. The efficient floor plan wastes no space. Guests enter through double doors with brass hardware, are greeted at the foyer leading to the living room, separate dining room & kitchen with access to the rear yard. Downstairs features a 4th bedroom, large family room with wood burning, brick fireplace & built in office area. Upstairs find the cozy primary with ensuite & tiled walk-in shower plus 2 guest bedrooms & a 2nd full bath. Lovingly maintained, this home is move-in ready & can be personalized to fulfill your dreams! Don't miss the hardwood floors, soothing views, peace & quite - all in the heart of Raleigh
| |||
| Mar 31, 1994 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
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HOA + Taxes
About North Raleigh
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Listed by: Linda Craft, Linda Craft Team, REALTORS
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10155064
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10155064
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