Leased Townhome Income
610 Rocky Knob Court Raleigh, NC 27610
610 Rocky Knob Court, Raleigh, NC, 27610
$599,000
For Sale
$599,000
MULTI_FAMILY - Raleigh, NC
Property Size2,300 SF
Price / SF$260.43
Days on Market32
Property Features for 610 Rocky Knob Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Laundry Room, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3, Dining Room
- Parking features
- Garage
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- Bathtub/Shower Combination, Built-in Features, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, High Ceilings, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Separate Shower, Storage, Walk-In Closet(s)
- Exterior features
- Balcony, Lighting, Private Entrance
- Appliances
- Built-In Range, Dishwasher, Disposal, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer, Washer/Dryer
- Standard status
- Active
- APN
- 1703934928
- Size
- 2,300 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LO4 CITY HIKE BM2023 -01578
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 3
- Number of units
- 1
- Flooring type
- Tile, Wood, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency
Compass -- Raleigh
(919) 726-6548
3800 Glenwood Avenue Suite 150, Raleigh, NC
Listed by
Johnny Chappell · License #267248
(919) 737-2247
Added: Jun 16 Checked: Jul 17 at 11:06 am
MLS# 10174390
Listing URL
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 modern 4-bedroom, 4-bath townhome is designed with a private bedroom suite on each level, supporting flexible household arrangements. The interior features the “Vista” package with warm wood cabinetry, quartz countertops, contemporary finishes, and abundant natural light. For everyday convenience, a refrigerator, washer, and dryer are included, along with blinds throughout. Outside of the main living areas, the home offers a private rooftop terrace and a one-car garage.
Set within City Hike and described as minutes from Downtown Raleigh, the property places residents near major employers, dining, entertainment, and the greenway system. The home is currently leased through March 31, 2027, producing $3,195 per month in rental income.
For investors or owner-occupants seeking a turnkey, income-producing setup, the current lease provides continuity while the included appliances and window coverings reduce immediate replacement and setup needs. The layout can accommodate roommates, professionals, or households looking for privacy across multiple levels, while solar-ready infrastructure and Tesla Powerwall compatibility align with energy-conscious operation.
Set within City Hike and described as minutes from Downtown Raleigh, the property places residents near major employers, dining, entertainment, and the greenway system. The home is currently leased through March 31, 2027, producing $3,195 per month in rental income.
For investors or owner-occupants seeking a turnkey, income-producing setup, the current lease provides continuity while the included appliances and window coverings reduce immediate replacement and setup needs. The layout can accommodate roommates, professionals, or households looking for privacy across multiple levels, while solar-ready infrastructure and Tesla Powerwall compatibility align with energy-conscious operation.
Key Highlights
- New construction (2025) modern 4‑bedroom, 4‑bath townhome currently leased through March 31, 2027
- Generates $3,195/month in rental income while leased (address: 610 Rocky Knob Court)
- Includes one‑car garage plus deck, porch, and patio
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 | $45.5k | $19.80 |
| − Vacancy | −$2.2k | −$0.95 |
| EGI | $43.4k | $18.85 |
| − OpEx | −$19.5k | −$8.48 |
| NOI | $23.8k | $10.37 |
2,300 SF · lease $19.80/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$340.6K
$298.1K – $397.4K
NOI $23,845 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$674.2K
$590.0K – $786.6K
NOI $47,196 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Modern 4BR/4BA townhome is leased through March 31, 2027, with in-unit washer/dryer and rooftop terrace.
Where is this single family property located?
The property is located at 610 Rocky Knob Court Raleigh, NC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: New construction (2025) modern 4‑bedroom, 4‑bath townhome currently leased through March 31, 2027; Generates $3,195/month in rental income while leased (address: 610 Rocky Knob Court); Includes one‑car garage plus deck, porch, and patio
