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8221 Harps Mill Road
About This Property
The main floor flows effortlessly with a spacious living room with custom built-ins, formal dining room, and a kitchen and breakfast area. Sliding doors lead to the outdoor deck overlooking the fully fenced backyard-- complete with a large storage shed-- creating the perfect indoor-outdoor connection.
Upstairs, the primary suite offers dual walk-in closets and a spa-like bath with double vanities, a soaking tub, and a walk-in shower. Additional rooms provide versatility for bedrooms, a bonus room, or a home office.
The third floor adds even more flexibility with a large rec room, built-in desks, and a large walk-in attic.
A rare opportunity to own a move-in ready home with space, privacy, and an unbeatable North Raleigh location.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| May 25, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Price Decreased |
$730,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| May 11, 2026 | Price Decreased |
$735,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Raleigh Custom Realty, LLC | $745,000 | |
| Listed by Raleigh Custom Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017