Furnished Townhome
For Sale
$300,000
5748 3 Oaks Drive, Raleigh, NC 27612
Residential Income, Raleigh, NC
Property Size1,400 SF
Lot Size0.02 Acres
Price / SF$214.29
Days on Market40
Property Features for 5748 3 Oaks Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1
Parking features
Assigned
Patio and Porch features
Porch, Deck
Fireplace
1
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Ridgeloch Townes
Elementary school
Wake - Lynn Road Elementary
Middle school
Wake - Carroll Middle
High school
Wake - Sanderson High
Standard status
Active
APN
0796970064
Size
1,400 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2261
HOA Fee
$257 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
1
Flooring type
Vinyl
Building materials
Frame
Roof type
Shingle
Listing Agency:
Clifton Property Investment
(919) 335-6894
Listed By:
Paula Patricia Villalva · License #329054
(919) 608-2560
Added: Jul 16
Changed: Aug 19
Last Checked: Aug 24 at 3:06AM
MLS# 10180682
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.
Turnkey furnished short-term rental townhome ready for immediate occupancy. The home features an open living and dining layout with a windowed kitchen, updated with all-new appliances and a breakfast nook. En suite bedrooms are included throughout, along with a porch and deck for outdoor time. Interior amenities include vinyl flooring and central air, plus a fireplace. The sale includes furniture, fixtures, and equipment, supporting continuity for a short-term rental setup.
Set on a 0.02-acre lot in the Six Forks area of Raleigh, the property is across from Shelley Lake and minutes to North Hills. Built in 1979 with frame construction and a shingle roof, it is served by public water and public sewer.
The townhome provides three bedrooms and two and a half bathrooms, plus two assigned parking spaces out front.
Set on a 0.02-acre lot in the Six Forks area of Raleigh, the property is across from Shelley Lake and minutes to North Hills. Built in 1979 with frame construction and a shingle roof, it is served by public water and public sewer.
The townhome provides three bedrooms and two and a half bathrooms, plus two assigned parking spaces out front.
Key Highlights
- Furnished turnkey short‑term rental setup with furniture, fixtures, and equipment included
- 1,400 SF townhome with three bedrooms and two and a half bathrooms
- 0.02‑acre lot across from Shelley Lake in the Six Forks area
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
$14,255
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
4.75%
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%
$285,100
$285.1K
Cap Rate 7%
$203,643
$203.6K
Cap Rate 9%
$158,389
$158.4K
Market Conditions
NOI Build-Up for 1,400 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
$27.7K $19.80/SF
− Vacancy
−$1.8K −$1.29/SF
EGI
$25.9K $18.51/SF
− OpEx
−$11.7K −$8.33/SF
NOI
$14.3K $10.18/SF
Area
Raleigh, NC
Vacancy
6.50%
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%
$285,100
Cap Rate 7%
$203,643
Cap Rate 9%
$158,389
Alternative Uses
Best Use
Apartment 5plus
$203.6K
$178.2K – $237.6K
NOI $14,255 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 27612, NC
39,576
Population
21,582
Households
1.8
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
2,384
Density / Sq Mi
$95,565
Median Household Income
$57,216
Median Earnings
$1,544
Median Rent
$481,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey furnished townhome set up for short-term stays with central air, a porch and deck, and assigned parking.
Where is this short term rental property located?
The property is located at 5748 3 Oaks Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Furnished turnkey short‑term rental setup with furniture, fixtures, and equipment included; 1,400 SF townhome with three bedrooms and two and a half bathrooms; 0.02‑acre lot across from Shelley Lake in the Six Forks area
