Furnished Short-Term Rental
For Sale
$300,000
5748 3 Oaks Drive, Raleigh, NC 27612
Residential Income, Raleigh, NC
Property Size1,400 SF
Lot Size0.02 Acres
Price / SF$214.29
Days on Market49
Property Features for 5748 3 Oaks Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1
Parking features
Assigned
Patio and Porch features
Deck, Porch
Fireplace
1
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Ridgeloch Townes
Elementary school
Wake - Lynn Road Elementary
Middle school
Wake - Carroll Middle
High school
Wake - Sanderson High
Standard status
Active
APN
0796970064
Size
1,400 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2261
HOA Fee
$257 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
1
Flooring type
Vinyl
Building materials
Frame
Roof type
Shingle
Listing Agency:
Clifton Property Investment
(919) 335-6894
Listed By:
Paula Patricia Villalva · License #329054
(919) 608-2560
Added: Jul 16
Changed: Aug 31
Last Checked: Sep 2 at 11:06AM
MLS# 10180682
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.
This furnished short-term rental is a renovated 1,400-square-foot townhome with three bedrooms and two-and-one-half bathrooms. The interior includes an open living and dining arrangement, a kitchen with new appliances and a breakfast nook, and en suite bedrooms, including the primary suite. Vinyl flooring, central air, a fireplace, and a deck and porch are also provided. Furniture, fixtures, and equipment are included with the property.
The townhome is located in the Six Forks area across from Shelley Lake and minutes from North Hills. Two assigned parking spaces are positioned in front of the residence. Public water and public sewer serve the property, which was built in 1979 and has frame construction with a shingle roof. The residence has an established booking history and 5-star guest reviews.
The townhome is located in the Six Forks area across from Shelley Lake and minutes from North Hills. Two assigned parking spaces are positioned in front of the residence. Public water and public sewer serve the property, which was built in 1979 and has frame construction with a shingle roof. The residence has an established booking history and 5-star guest reviews.
Key Highlights
- Renovated 3BR/2.5BA furnished townhome
- 1,400 SF interior with open living and dining areas
- Kitchen includes new appliances and a breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,255
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,100
$285.1K
Cap Rate 7%
$203,643
$203.6K
Cap Rate 9%
$158,389
$158.4K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$27.7K $19.80/SF
− Vacancy
−$1.8K −$1.29/SF
EGI
$25.9K $18.51/SF
− OpEx
−$11.7K −$8.33/SF
NOI
$14.3K $10.18/SF
Area
Raleigh, NC
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,100
Cap Rate 7%
$203,643
Cap Rate 9%
$158,389
Alternative Uses
Best Use
Apartment 5plus
$203.6K
$178.2K – $237.6K
NOI $14,255 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 27612, NC
39,576
Population
21,582
Households
1.8
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
2,384
Density / Sq Mi
$95,565
Median Household Income
$57,216
Median Earnings
$1,544
Median Rent
$481,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated three-bedroom residence with assigned parking, public utilities, and furnishings included in the sale.
Where is this short term rental property located?
The property is located at 5748 3 Oaks Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Renovated 3BR/2.5BA furnished townhome; 1,400 SF interior with open living and dining areas; Kitchen includes new appliances and a breakfast nook
