Furnished Short-Term Rental
For Sale
$290,000
5748 3 Oaks Drive, Raleigh, NC 27612
The renovated three-bedroom residence includes furnishings, fixtures, and equipment, plus two free parking spaces.
Property Size1,400 SF
Price / SF$207.14
Days on Market107
Property Features for 5748 3 Oaks Drive
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Ridgeloch
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,261
Building Details
Building Size
1,400 SF
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
Clifton Property Investment
(919) 335-6894
Listed By:
Paula Patricia Villalva · License #329054
(919) 608-2560
Source:
Breezerealtynetwork
Added: Jul 16
Changed: Oct 30
Last Checked: Oct 29 at 6:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clifton Property Investment
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Investment Insights
Based on property information with market context.
This 1,400-square-foot townhome has three bedrooms and 2.5 bathrooms, with en suite bathrooms in each bedroom. The open living and dining area connects to a kitchen with windows, new appliances, and a breakfast nook. Renovated and offered furnished, the property also includes its furniture, fixtures, and equipment. Built in 1979, it is used as an Airbnb and has an established booking record and five-star guest reviews.
The home is in the Six Forks area, across from Shelley Lake and minutes from North Hills. Two free parking spaces are located in front of the residence.
The home is in the Six Forks area, across from Shelley Lake and minutes from North Hills. Two free parking spaces are located in front of the residence.
Key Highlights
- 1,400‑square‑foot townhome with 3 bedrooms and 2.5 bathrooms
- En suite bathrooms in all three bedrooms
- Renovated kitchen has new appliances, windows, and a breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,255
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
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
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 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 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The renovated three-bedroom residence includes furnishings, fixtures, and equipment, plus two free parking spaces.
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 $290,000.
What are key features of this property?
This property features: 1,400‑square‑foot townhome with 3 bedrooms and 2.5 bathrooms; En suite bathrooms in all three bedrooms; Renovated kitchen has new appliances, windows, and a breakfast nook
