Residential Income
3104 Crandon Lane Raleigh, NC 27604
For Sale
$665,000
MULTI_FAMILY - Raleigh, NC
Property Size3,168 SF
Lot Size0.70 Acres
Price / SF$209.91
Days on Market47
Property Features for 3104 Crandon Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R-6
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2
- Parking
- 6
- Parking features
- Driveway
- Vegetation
- Partially Wooded
- Window features
- Double Pane Windows
- Patio and Porch features
- Deck
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, Smooth Ceilings
- Fireplace
- 1
- Appliances
- Disposal, Electric Range, Range Hood, Water Heater
- Standard status
- Active
- APN
- 171516946849000 0136753
- Size
- 3,168 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Loa-R Brentwood Estates Bm1987-00330
- Tax Annual Amount
- 4626
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Laminate, Carpet, Tile - Ceramic
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency:
The New Realty Group, LLC
(919) 772-1338
Listed By:
Alfredo Rodriguez
(919) 625-9452
Added: Jun 7
Changed: Jul 18
Last Checked: Jul 23 at 10:06PM
MLS# 10172530
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 for-sale residential income triplex includes three apartment units totaling 3,168 square feet, situated on approximately 0.7 acres. The property is being sold as-is. According to the listing, one tenant has been in place for 20 years, and one vacant apartment can be shown. Occupied apartments will be shown during the due diligence period.
The property is located in a traditional neighborhood off Capital Blvd in Raleigh, North Carolina. The listing also identifies the zoning as R-6.
For tenants, this configuration presents a multi-unit setup suitable for those seeking apartment-style living within a small income property framework. For buyers and investors, the asset offers a combination of established occupancy and a unit available for viewing, with access to the remaining units managed during due diligence. Prospective buyers should plan on completing their evaluation based on the seller’s as-is condition and the available showing access described in the listing.
The property is located in a traditional neighborhood off Capital Blvd in Raleigh, North Carolina. The listing also identifies the zoning as R-6.
For tenants, this configuration presents a multi-unit setup suitable for those seeking apartment-style living within a small income property framework. For buyers and investors, the asset offers a combination of established occupancy and a unit available for viewing, with access to the remaining units managed during due diligence. Prospective buyers should plan on completing their evaluation based on the seller’s as-is condition and the available showing access described in the listing.
Key Highlights
- One fireplace (fireplace present) and smooth ceilings
- Central heating with natural gas and central air cooling
- Kitchen with eat‑in layout plus range hood, electric range, disposal, and water heater
Financial Insights For Multifamily LT 5
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 | $55.1k | $17.40 |
| − Vacancy | −$3.4k | −$1.07 |
| EGI | $51.7k | $16.33 |
| − OpEx | −$15.5k | −$4.90 |
| NOI | $36.2k | $11.43 |
3,168 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$460.8K
$403.2K – $537.6K
NOI $32,257 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$870.6K
$761.8K – $1.02M
NOI $60,944 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chelyhousecleaning llc
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Triplex - Triplex with one vacant unit available to show and long-term tenancy in place, sold as-is.
Where is this triplex located?
The property is located at 3104 Crandon Lane Raleigh, NC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: One fireplace (fireplace present) and smooth ceilings; Central heating with natural gas and central air cooling; Kitchen with eat‑in layout plus range hood, electric range, disposal, and water heater
