26
Map
$359,000
↓ $10K (2.7%)
●
House -
For Sale
7401 Longstreet Drive
Raleigh, NC 27615
3 Beds
1 Bath,
1
Half Bath
1,152 Ft²
$1,996
Est. Monthly
About This Property
Charming ranch home with a private, newly built fenced backyard
near Midtown Raleigh! Enjoy the convenience of single-level living.
The sunny kitchen featuring stainless steel appliances, tile
backsplash and white cabinets opens to bright dining and family
rooms. Luxury vinyl plank floors flow throughout the main living
areas and bedrooms. Step outside to a serene backyard complete with
a pergola, patio, and storage shed perfect for entertaining,
gardening, or simply relaxing. The welcoming covered front porch
offers another cozy spot to enjoy the outdoors. Ideally situated on
a large corner lot across from the neighborhood playground, this
home is just minutes from North Hills, Shelley Lake, restaurants,
shopping, and I-540 and I-440. Walk or bike to the Mine Creek
Greenway Trail. Perfect for primary living or investment. Roof
installed in 2026. Water heater replaced in 2025. Backyard fence
built in 2024.
Unit Size
1,152 Ft²
Days on Market
61 days
Land Size
0.27 acres
Price per sqft
$312
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1972
Listed By
Sophia Griffies
Allen Tate/Raleigh-Falls Neuse
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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: 2 months ago (TMLS #10190216)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$359,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by Howard Hanna Allen Tate Raleigh Falls of Neuse | $369,000 | |
| Listed by Howard Hanna Allen Tate Raleigh Falls of Neuse | |||
| Oct 31, 2022 | Sold | ||
| Sold | |||
| Jun 24, 2022 | Listed by Howard Hanna Allen Tate Raleigh Falls of Neuse | $350,000 | |
| Listed by Howard Hanna Allen Tate Raleigh Falls of Neuse | |||
| Jul 12, 2013 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Pantry, Bathtub/Shower Combination, Kitchen/Dining Room Combination
Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Washer, Water Heater
Flooring Type: Luxury Vinyl
Laundry Features: In Hall, Main Level
Rooms: 6
Exterior Details
Square Footage: 1152
Architectural Style: Ranch
Year Built: 1972
Building Area Total: 1152
Levels: One
Construction Materials: Brick, Vinyl Siding
Patio and Porch Features: Front Porch
Lot Features: Back Yard, Corner Lot, Front Yard, Hardwood Trees
Lot Size Area: 0.27
Lot Size Units: Acres
Lot Size Acres: 0.27
Lot Size Square Feet: 11761
Water Source: Public
Financial Details
Tax Assessed Value: $317,773
Tax Annual Amount: $2,791
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump
Sewer : Public Sewer
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
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Sold On
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HOA + Taxes
About North Raleigh
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Listed by: Sophia Griffies, Howard Hanna Allen Tate Raleigh Falls of Neuse
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10190216
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10190216
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