1208 Schaub Drive Raleigh, NC 27606
MULTI_FAMILY - Raleigh, NC
- Added:
- Jul 8, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 13 at 7:06 pm
Property Features for 1208 Schaub Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RX-3
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 1, Dining Room, Bathroom 1
- Parking
- 1
- Parking features
- Parking Lot
- Patio and Porch features
- Patio
- Interior features
- Bathtub/Shower Combination, Kitchen/Dining Room Combination, Walk-In Closet(s)
- Appliances
- Dishwasher, Disposal, Electric Range, Microwave, Oven, Range Hood, Refrigerator
- Standard status
- Active
- APN
- 078307792872095 0146047
- Size
- 937 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Driftwood Manor Condominium Un1208-C
- Tax Annual Amount
- 1525
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 3
- Number of units
- 1
- Flooring type
- Carpet
- Building materials
- Brick
Listing agent Alexis Stephens (828) 674-7420
Listing office Costello Real Estate & Investm 911 Paverstone Drive Suite A, Garner, NC (980) 938-8920
Listing date Jul 8, 2026
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Raleigh, the condo is described as minutes from NC State University, with access to shopping, dining, bus routes, and major roadways. The surrounding area is positioned between Raleigh and Cary, with convenient connectivity noted while avoiding heavy, constant traffic.
Within the community, residents have shared amenities including a swimming pool, basketball courts, and playgrounds, offering everyday recreational options just outside the home.
Key Highlights
- 2‑bedroom, 1.5‑bath condo in a community setting with a patio and parking lot
- Updated HVAC in August 2025, plus central air and a heat pump for heating
- Kitchen/dining room combination with appliances including dishwasher, disposal, electric range, microwave, oven, range hood, and refrigerator
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.6k | $19.80 |
| − Vacancy | −$1.2k | −$1.29 |
| EGI | $17.3k | $18.51 |
| − OpEx | −$7.8k | −$8.33 |
| NOI | $9.5k | $10.18 |
