8420 Caldbeck Drive
About This Property
The main level offers a seamless balance of formal and casual spaces, designed for both everyday living and effortless entertaining. The updated kitchen shines with a spacious island, wine fridge, and butler's pantry that connects directly to the formal dining room.
Step outside and enjoy your private backyard retreat-lush landscaping, a pergola, and thoughtfully designed outdoor living areas create the perfect setting for relaxing or hosting.
Upstairs, the primary suite is a true escape, featuring a steam shower, oversized walk-in shower, and a generous walk-in closet. Secondary bedrooms are equally spacious, complemented by a versatile bonus room and a back staircase with direct access to the garage.
And then there's the showstopper-the finished third floor. Complete with its own kitchen, full bath, and flexible living/bedroom space, it's ideal for in-laws, an au pair, or extended guests.
With its rare combination of style, space, and location in one of Raleigh's most sought-after neighborhoods, this home is truly a must-see.
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by Real Broker, LLC - Carolina Collective Realty | $875,000 | |
| Listed by Real Broker, LLC - Carolina Collective Realty | |||
| Jun 21, 2025 | Price Decreased |
$875,000
↓ $14K
(1.6%) | |
| Price Decreased | |||
| Jun 12, 2025 | Price Decreased |
$889,000
↓ $11K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017