25
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728 1/2 Powell Drive
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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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 29, 2026 | Listed by Corcoran DeRonja Real Estate | $664,900 | |
| Listed by Corcoran DeRonja Real Estate | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Listed by Corcoran DeRonja Real Estate | $644,900 | |
| Listed by Corcoran DeRonja Real Estate | |||
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Clean design, thoughtful flow, and a location that keeps Raleigh's best destinations close at hand, this brand-new home at Cottages at Powell Park offers an elevated take on West Raleigh living.
With 3 bedrooms, 3 full baths, and a detached two-car garage, the home is designed to feel both functional and refined. The open-concept layout creates an easy sense of connection throughout the main living spaces, filled with natural light and designed for the way people live today.
A main-level guest suite adds exceptional flexibility, ideal for visitors, a private office, or comfortable multigenerational living.
At the center of the home, the kitchen is designed to bring people together, featuring an oversized island, stone countertops, and stainless steel appliances that combine clean, modern style with everyday practicality.
Upstairs, the spacious primary suite serves as a peaceful retreat with generous proportions and a calming atmosphere, while an additional bedroom and full bath provide comfortable accommodations for family or guests.
Outdoor living is equally inviting, with a covered porch overlooking a private homesite that offers the perfect setting for relaxing evenings or casual entertaining. The detached two-car garage adds convenience along with timeless neighborhood charm.
Located just minutes from Downtown Raleigh with quick access to I-440, I-40, RTP, and RDU Airport, the home places Fenton, North Hills, Umstead Park, Lenovo Center, and countless dining and entertainment options within easy reach.
A rare opportunity to enjoy brand-new construction, modern comfort, and low-maintenance living in one of Raleigh's most connected and desirable locations.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017