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    Move-in Ready Townhouse in 5401 Title is generated by Realmo AI

    5436 Crescent Square Street, Raleigh, NC 27616

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    For Sale
    $345,000

    Three-story townhouse with modern finishes and community amenities.

    Type:Condo/Townhome
    Property size:
    1,871 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $184/SF
    Added:
    Sep 20, 2024
    Days on Market:
    655
    Last Refresh:
    May 19 at 11:49 pm

    Property Features for 5436 Crescent Square Street

    General Information

    Standard status
    Active
    Size
    1,871 SF
    Lot size
    0.03 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2023

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    Shalon Leonard
    Shalon Leonard

    Listing office CityScapes Properties LLC

    Listing date Sep 20, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CityScapes Properties LLC

    HighLights

    • Move‑in ready, low‑maintenance townhouse facing serene green space in the desirable 5401 North community.
    • Open‑concept second level featuring stainless and quartz kitchen, LVP flooring, and balcony with abundant natural light.
    • Enjoy the 5401 North community amenities: pool, clubhouse, gym, dog park, playground, community garden, and Neuse River Greenway access.
    • Primary bedroom with ensuite bath including double vanity, glass and tile shower, and walk‑in closet.
    • First‑level bedroom with full bath and oversized 1‑car garage with professionally installed EV charging.
    • Convenient location near schools, restaurants, coffee shops, and breweries.

    Overview

    This 1,871 square foot, three-story townhouse is located in the 5401 North community. The property features multiple living spaces across three finished levels. The second level offers an open concept living area with a living room, a kitchen equipped with stainless steel appliances and quartz countertops, a breakfast area, a powder room, and a private balcony. The first level includes a rear entry, an oversized one-car garage with professionally installed EV charging capacity, a bedroom, and a full bath. The third level houses the primary bedroom with an en-suite bathroom featuring a double vanity, a glass and tile shower, and a walk-in closet, along with a secondary bedroom, a full bath, and a laundry room. The home includes LVP flooring on the main and second floors, and classic and modern architectural details. The 5401 North community provides access to a pool, clubhouse, gym, dog park, playground, community garden, and the Neuse River Greenway. The HOA handles grounds maintenance. The property is located close to schools, restaurants, coffee shops, and a brewery.

    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 $37.0k $19.80
    − Vacancy −$2.2k −$1.19
    EGI $34.8k $18.61
    − OpEx −$15.7k −$8.38
    NOI $19.2k $10.24
    1,871 SF · lease $19.80/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $273.6K
    $239.4K – $319.2K (±1% cap)
    NOI $19,153 @ 7.0% cap · market cap 5.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $534.2K
    $467.4K – $623.3K (±1% cap)
    NOI $37,395 @ 7.0% cap · market cap 10.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5416
    Latitude
    35.8604

    FAQs

    What type of property is this?
    Residential income property - Three-story townhouse with modern finishes and community amenities.
    Where is this residential income property located?
    The property is located at 5436 Crescent Square Street Raleigh, NC.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Move‑in ready, low‑maintenance townhouse facing serene green space in the desirable 5401 North community.; Open‑concept second level featuring stainless and quartz kitchen, LVP flooring, and balcony with abundant natural light.; Enjoy the 5401 North community amenities: pool, clubhouse, gym, dog park, playground, community garden, and Neuse River Greenway access.
    More about this property
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