26
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724 1/2 Powell Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | Sold | ||
| Sold | |||
| Jul 11, 2026 | Listed by Corcoran DeRonja Real Estate | $644,900 | |
| Listed by Corcoran DeRonja Real Estate | |||
| Jun 28, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Listed by Corcoran DeRonja Real Estate | $634,900 | |
| Listed by Corcoran DeRonja Real Estate | |||
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Ideally positioned in West Raleigh, this brand-new home at Cottages at Powell Park offers a fresh take on low-maintenance living with thoughtfully designed spaces and timeless modern style. Featuring 3 bedrooms, 3 full baths, and a detached two-car garage, the home balances comfort, flexibility, and everyday functionality. Inside, the open-concept design creates an airy and inviting atmosphere with generous living spaces that connect effortlessly. A main-level guest suite adds versatility, ideal for visitors, a private office, or multigenerational living. The kitchen serves as the centerpiece of the home, complete with a large island, stone countertops, and stainless steel appliances, designed for everything from casual mornings to entertaining with ease. Upstairs, the spacious primary suite provides a relaxing retreat, while an additional bedroom and full bath offer comfortable accommodations for family or guests. Outdoor living continues with a covered porch overlooking a private homesite, while the detached two-car garage adds both convenience and classic neighborhood character. Cottages at Powell Park is a boutique community tucked into one of Raleigh's most connected locations, just minutes from Downtown Raleigh, RTP, RDU Airport, I-440, and I-40. Fenton, North Hills, Umstead Park, Lenovo Center, and some of the Triangle's best shopping, dining, and entertainment are all nearby. A rare opportunity to enjoy brand-new construction and modern convenience in the heart of West Raleigh.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017