14
Map
$60,000
●
Land -
For Sale
5809 Meadowlark Lane
Raleigh, NC 27610
Studio
0 Bath
$353
Est. Monthly
About This Property
Build your dream home on this 0.45-acre lot in an established,
well-kept neighborhood. It sits just outside the city limits, so
you get more room and a quieter setting without giving up
convenience. Shopping, dining, schools and major roads are all a
short drive away. Community water and electricity are available,
which makes the move from purchase to building simpler. Lots like
this in such a convenient spot are hard to find. Bring your builder
and your vision!
Unit Size
-
Days on Market
20 days
Land Size
0.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$58
HOA Dues
-
Year Built
-
Listed By
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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: 19 days ago (TMLS #10196904)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Listed by Compass -- Raleigh | $60,000 | |
| Listed by Compass -- Raleigh | |||
| Oct 18, 2022 | No longer available | - | |
| No longer available | |||
| Aug 26, 2022 | No longer available | - | |
| No longer available | |||
| Aug 23, 2022 | Listed by Keller Williams Preferred Realty | $45,000 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
|
Accessible to major highways & downtown Raleigh with the peace & quiet of a Raleigh suburb. This affordable lot is a rarity!
| |||
| Jun 10, 2021 | Relisted | $67,500 | |
| Relisted | |||
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Property Highlights
Exterior Details
Lot Features: Wooded
Lot Size Area: 0.45
Lot Size Units: Acres
Lot Size Acres: 0.45
Lot Size Square Feet: 19602
Lot Size Dimensions: 100x200x100x200
Water Source: Community Water
Financial Details
Tax Map Number: 107
Tax Assessed Value: $105,000
Tax Annual Amount: $693
Utilities Details
Sewer : Septic Needed
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 Southeast Raleigh
Similar Homes for Sale
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Listed by: Brent Henson, Compass -- Raleigh
Last Updated: 19 days ago
Data Source: TMLS, MLS# 10196904
Last Updated: 19 days ago
Data Source: TMLS, MLS# 10196904
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