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    Two Custom Homes Bundle Title is generated by Realmo AI

    204 & 206 Cardinal Court, Oxford, NC 27565

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    For Sale
    $684,800

    MULTI_FAMILY - Oxford, NC

    Type:Single Family Residence
    Property size:
    3,428 SF
    Lot size:
    1.06 Acres
    Price / SF:
    $199/SF
    Added:
    Mar 18, 2026
    Days on Market:
    61
    Last Refresh:
    May 17 at 9:06 pm

    Property Features for 204 & 206 Cardinal Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bathroom 5, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Laundry Room, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 6, Bedroom 2, Bathroom 3, Bathroom 4
    Parking
    6
    Parking features
    Driveway
    Window features
    Double Pane Windows, Insulated Windows
    Patio and Porch features
    Deck, Porch
    Interior features
    Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
    Exterior features
    Private Yard, Rain Gutters
    Appliances
    Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven, Stainless Steel Appliance(s)
    Standard status
    Active
    APN
    191315632614
    Size
    3,428 SF
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 19 & 20 Quailridge Estates
    Tax Annual Amount
    473

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central, Forced Air, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Heat Pump, Zoned, Central Air
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Concrete, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jim Allen

    Listing agent Jim Allen

    Listing office Coldwell Banker HPW 5000 Falls Of Neuse Rd.Ste.100, Raleigh, NC

    Listing date Mar 18, 2026

    MLS# 10153603 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.

    HighLights

    • Two income‑producing, custom‑built homes in one bundle - ideal for investors.
    • Prime Oxford location, minutes from downtown and close to I‑85 for easy commuting to Durham.
    • Open floor plans with spacious kitchens featuring large islands, custom cabinetry, stainless steel appliances, and walk‑in pantries.
    • Expansive bedrooms with large walk‑in closets.
    • Large rear decks overlooking private backyards with a serene stream and mature trees.
    • Durable LVP flooring throughout main living areas for style and easy maintenance.

    Overview

    This is an amazing investor opportunity to acquire two custom-built, two-story homes in a prime Oxford location. The properties are situated on generous lots, backing to a serene stream and mature trees, on a quiet cul-de-sac. The thoughtfully designed open floor plans feature spacious kitchens with large islands with single-bowl stainless sinks, custom white cabinetry, stainless steel appliances, designer lighting, and oversized walk-in pantries with wood shelving. Durable LVP flooring flows throughout the main living areas, offering both style and easy maintenance. Functional drop-zone areas add everyday convenience. The expansive bedrooms include large walk-in closets. Outdoor living can be enjoyed on the large rear decks overlooking private backyards. The properties offer a blend of quality craftsmanship, modern design, and peaceful settings. The location is minutes from growing historic downtown Oxford, with interstate 85 access nearby for an easy commute to Durham. The combined property size is 3428 square feet on a 1.06-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Oxford
    County
    Granville
    State
    North Carolina
    Longitude
    -78.605566
    Latitude
    36.314654

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    FAQs

    What type of property is this?
    Single family property - Two income-producing homes in Oxford, NC, on a quiet cul-de-sac.
    Where is this single family property located?
    The property is located at 204 & 206 Cardinal Court Oxford, NC.
    What is the asking price?
    The asking price for this property is $684,800.
    What are key features of this property?
    This property features: Two income‑producing, custom‑built homes in one bundle - ideal for investors.; Prime Oxford location, minutes from downtown and close to I‑85 for easy commuting to Durham.; Open floor plans with spacious kitchens featuring **large islands, custom cabinetry, stainless steel appliances, and walk‑in pantries.**
    (919) 645-2114
    We can help!
    Listing Contact
    Jim Allen
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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