Two-Unit
3108 Crandon Lane, Raleigh, NC 27604
For Sale
New
$425,000
Residential Income, Raleigh, NC
Property Size2,693 SF
Lot Size0.36 Acres
Price / SF$157.82
Days on Market2
Property Features for 3108 Crandon Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Fireplace
Appliances
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Navigate Realty
(919) 873-3000
Listed By:
Hannah Music
(800) 292-2542
Added: Nov 6
Last Checked: Nov 7 at 1:06PM
MLS# 10202183
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.
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Investment Insights
Based on property information with market context.
This 2,693-square-foot duplex, built in 1985, contains two residences with three bedrooms and two-and-a-half bathrooms apiece. Unit A has recent updates and a lease running through April 30, 2027; Unit B is occupied on a month-to-month basis. The property is being sold as-is and has R-6 zoning.
Set on 0.36 acres at the end of a cul-de-sac just off Capital Boulevard, the property is in Raleigh, with local shopping, dining, and major roadways accessible nearby. Public water and sewer serve the site.
Interior and site features include central air, heat-pump heating, a fireplace, driveway parking, and a deck. Vinyl siding and a shingle roof complete the exterior.
Set on 0.36 acres at the end of a cul-de-sac just off Capital Boulevard, the property is in Raleigh, with local shopping, dining, and major roadways accessible nearby. Public water and sewer serve the site.
Interior and site features include central air, heat-pump heating, a fireplace, driveway parking, and a deck. Vinyl siding and a shingle roof complete the exterior.
Key Highlights
- Two‑unit duplex with 2,693 square feet on 0.36 acres
- Each residence has 3 bedrooms and 2.5 bathrooms
- Unit A leased through April 30, 2027; Unit B occupied month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,777
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,540
$615.5K
Cap Rate 7%
$439,671
$439.7K
Cap Rate 9%
$341,967
$342.0K
Market Conditions
NOI Build-Up for 2,693 SF
Gross rent
$46.9K $17.40/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$44.0K $16.33/SF
− OpEx
−$13.2K −$4.90/SF
NOI
$30.8K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,540
Cap Rate 7%
$439,671
Cap Rate 9%
$341,967
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.7K – $513.0K
NOI $30,777 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,421 @ 7.0% cap · market cap 6.45%
Theoretical Best
Specialty Retail
$740.1K
$647.6K – $863.5K
NOI $51,807 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 27604, NC
46,076
Population
20,828
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
89%
High-School Grad
19.1 sq mi
ZIP Area
2,412
Density / Sq Mi
$72,793
Median Household Income
$44,471
Median Earnings
$1,386
Median Rent
$293,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Raleigh, NC
Properties on Market for Duplexes in Raleigh
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased through April 30, 2027, while the other is occupied month-to-month.
Where is this duplex located?
The property is located at 3108 Crandon Lane Raleigh, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,693 square feet on 0.36 acres; Each residence has 3 bedrooms and 2.5 bathrooms; Unit A leased through April 30, 2027; Unit B occupied month‑to‑month
