End-Unit Townhome
For Sale
$270,000
5344 Big Bass Drive, Raleigh, NC 27610
MULTI_FAMILY - Raleigh, NC
Property Size1,624 SF
Lot Size0.05 Acres
Price / SF$166.26
Days on Market40
Property Features for 5344 Big Bass Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PD
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2
Parking
4
Parking features
Driveway, Garage
Window features
Blinds
Interior features
Bathtub/Shower Combination, Ceiling Fan(s), Entrance Foyer, Granite Counters, Pantry, Soaking Tub
Fireplace
1
Appliances
Dishwasher, Free-Standing Range, Microwave, Refrigerator
Subdivision
Edgewater
Elementary school
Wake - Beaverdam Elementary School
Middle school
Wake - River Bend Middle School
High school
Wake - Knightdale High
Standard status
Active
APN
173402551156000 0326863
Size
1,624 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lo488 Edgewater Townhomes Bm2004-02055
Tax Annual Amount
2641
HOA Fee
$95 Monthly
Legal Description
Lo488 Edgewater Townhomes Bm2004-02055
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Carpet, Wood
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Compass -- Raleigh
(919) 726-6548
Listed By:
Arielle White
(336) 965-0757
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 15 at 11:06AM
MLS# 10178471
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 well-maintained end-unit townhome is currently leased and turnkey for an investor. The home offers three bedrooms and two and a half bathrooms with an open-concept layout and engineered hardwood floors through the main living areas. Upstairs, the configuration includes generously sized bedrooms, abundant storage, a convenient laundry area, and a spacious primary suite with an en-suite bath. Outside, there is a private back patio for everyday use, and the home also benefits from an attached two-car garage.
Located in Raleigh, Wake County, the property is described as being just minutes from downtown as well as shopping and dining. Access is supported by proximity to major highways including I-440 and I-540, which may be helpful for tenant convenience and commuting. The address is 5344 Big Bass Drive, Raleigh, NC 27610.
The property is presented as an income-producing asset with a lease in place through March 2027 and current rent stated at $1,900 per month. The seller notes no gaps in tenancy and a maintained rental history. For buyers seeking a ready-to-own residential income option with established occupancy, this townhome’s end-unit layout, in-home laundry, and attached two-car garage are practical features that align with common tenant preferences.
Located in Raleigh, Wake County, the property is described as being just minutes from downtown as well as shopping and dining. Access is supported by proximity to major highways including I-440 and I-540, which may be helpful for tenant convenience and commuting. The address is 5344 Big Bass Drive, Raleigh, NC 27610.
The property is presented as an income-producing asset with a lease in place through March 2027 and current rent stated at $1,900 per month. The seller notes no gaps in tenancy and a maintained rental history. For buyers seeking a ready-to-own residential income option with established occupancy, this townhome’s end-unit layout, in-home laundry, and attached two-car garage are practical features that align with common tenant preferences.
Key Highlights
- Leased end‑unit townhome generating $1,900/month with lease in place through March 2027
- 3BR, 2.5BA townhome built in 2006 with open‑concept layout and engineered hardwood floors in main living areas
- Kitchen features granite counters, pantry, and appliances including dishwasher, microwave, free‑standing range, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,836
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,720
$336.7K
Cap Rate 7%
$240,514
$240.5K
Cap Rate 9%
$187,067
$187.1K
Market Conditions
NOI Build-Up for 1,624 SF
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.
Gross rent
$32.2K $19.80/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$30.6K $18.85/SF
− OpEx
−$13.8K −$8.48/SF
NOI
$16.8K $10.37/SF
Area
ZIP 27610
Vacancy
4.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,720
Cap Rate 7%
$240,514
Cap Rate 9%
$187,067
Alternative Uses
Best Use
Apartment 5plus
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Leased end-unit townhome with three bedrooms, private patio, and an attached two-car garage, providing rental income through March 2027.
Where is this single family property located?
The property is located at 5344 Big Bass Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Leased end‑unit townhome generating $1,900/month with lease in place through March 2027; 3BR, 2.5BA townhome built in 2006 with open‑concept layout and engineered hardwood floors in main living areas; Kitchen features granite counters, pantry, and appliances including dishwasher, microwave, free‑standing range, and refrigerator
