4
Map
$450,000
●
Land -
For Sale
721 Brighton Road
Raleigh, NC 27610
Studio
1 Bath
$2,414
Est. Monthly
About This Property
Opportunity awaits near Downtown Raleigh! Currently in the process
of being subdivided into three lots. Established neighborhood
offers an exciting opportunity for investors and developers
exploring their next project. A proposed tiny-home subdivision
envisions three homes, each up to 1,200 square feet, creating the
potential for a thoughtfully designed small-home community with an
emphasis on attainable housing. Conveniently located near
Gateway Plaza, Raleigh Country Club, Alamo Drafthouse, WakeMed, and
Downtown Raleigh, the property puts future residents close to
shopping, dining, entertainment, and medical services. Bring your
vision or use the seller's plans and explore the possibilities for
your next investment.
Unit Size
-
Days on Market
13 days
Land Size
0.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$204
HOA Dues
-
Year Built
1950
Listed By
Jason Queen
Monarch Realty Co.
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Cap Rate Calculator
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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: 13 days ago (TMLS #10198717)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Listed by Monarch Realty Co. | $450,000 | |
| Listed by Monarch Realty Co. | |||
| Feb 24, 1993 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Other Structures: None
Lot Features: City Lot, Corner Lot, Few Trees, Flag Lot, Front Yard, Near Public Transit, Open Lot, Other
Lot Size Area: 0.24
Lot Size Units: Acres
Lot Size Acres: 0.24
Lot Size Square Feet: 10454
Lot Size Dimensions: 112x68x65x118
Water Source: Public
Financial Details
Tax Map Number: 130
Tax Assessed Value: $267,507
Tax Annual Amount: $2,452
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None
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 East Raleigh
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Listed by: Jason Queen, Monarch Realty Co.
Last Updated: 13 days ago
Data Source: TMLS, MLS# 10198717
Last Updated: 13 days ago
Data Source: TMLS, MLS# 10198717
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