$769,900
●
House -
Off Market
629 Effie Way
Raleigh, NC 27603
3 Beds
2 Baths,
1
Half Bath
1,957 Ft²
$4,264
Est. Monthly
$13
HOA / Fees
About This Property
Welcome to 629 Effie Way - where modern living meets the historic
charm of Boylan Heights. Built in 2016, this 3 bedroom, 2.5
bathroom home offers unbeatable convenience to all of Downtown
Raleigh. The first floor features an open living area,
kitchen, and dining area perfect for everyday living and
entertaining. Just above are two spacious, light-filled
bedrooms, a full bath, and a covered second-floor porch. A
primary bedroom suite, complete with a large bedroom, walk-in
closet, laundry room, and spacious bath with double vanity and
double shower, is found on the third floor. Notable updates
include new decks in 2023 - a large wooden back deck and a Trex
rooftop deck with skyline views of Downtown Raleigh and Dix Park.
Set in the Dorothea Gardens community, this home is just
steps away from Dix Park, Sam Jones' BBQ, Boulted Bread,
Benchwarmers Bagels, Red Hat Amphitheater, Weaver Street Market,
and other local favorites. This is more than just a home -
it's an opportunity to live in one of Raleigh's most sought-after
neighborhoods and enjoy all that Downtown has to offer.
Unit Size
1,957 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$393
Property Type
House
Property Taxes
$471
HOA Dues
$13
Year Built
2016
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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: 6 months ago (TMLS #10134957)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Price Decreased |
$769,900
↓ $30K
(3.8%) | |
| Price Decreased | |||
| Dec 29, 2025 | Price Decreased |
$799,900
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Nov 26, 2025 | Listed by Our Town Properties Inc. | $819,900 | |
| Listed by Our Town Properties Inc. | |||
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Property Highlights
Parking Available
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
Closing Price
Sold On
Sold On
HOA + Taxes
About Southwest Raleigh
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Listed by: Mike Eatmon, Our Town Properties Inc.
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10134957
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10134957
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