816 Peyton Street
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 |
|---|---|---|---|
| Jul 19, 2025 | Price Decreased |
$398,000
↓ $47K
(10.6%) | |
| Price Decreased | |||
| Apr 10, 2025 | Price Decreased |
$445,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Feb 3, 2025 | Listed | $455,000 | |
| Listed | |||
| | |||
|
Unlock the potential of this stunning 4-bedroom, 3.5-bathroom income-producing property, perfectly positioned in the heart of vibrant Downtown Raleigh! With previous special use permit, this versatile gem is ideal for assisted living, a group home, or continued success as a profitable Airbnb.
Why This Property Stands Out:
Spacious & Modern Design: Enjoy an open floor plan, perfect for entertaining, with a seamless flow between the living, dining, and kitchen areas.
Prime Location: Steps away from Downtown Raleigh's best dining, entertainment, and cultural hotspots, plus convenient access to the bus line for effortless transit.
Outdoor Appeal: A fenced-in backyard area for a cozy fire pit, offering a private oasis for residents or guests.
Turnkey Investment: generating income with endless potential for customization to maximize returns.
Property Highlights:
4 spacious bedrooms for flexible use
3 full bathrooms + 1 half bath for convenience
Fenced backyard with area for a fire pit for relaxation or guest enjoyment
Unbeatable location near all that Downtown Raleigh has to offer
Don't miss this rare opportunity to own a property with incredible income potential and a location that's in high demand! Schedule a showing today to explore this one-of-a-kind investment.
Please note: Water is currently turned off but will be activated for inspections.
| |||
| Jul 12, 2023 | Sold | ||
| Sold | |||
| Nov 17, 2022 | Listed by Highgarden Real Estate NC | $379,000 | |
| Listed by Highgarden Real Estate NC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017