Duplex End-Unit
New
For Sale
$529,000
613 Cable Court, Apex, NC 27523
Residential, Apex, NC
Property Size2,152 SF
Lot Size0.05 Acres
Price / SF$245.82
Days on Market4
Property Features for 613 Cable Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Laundry Room, Bathroom 1, Bathroom 3, Bathroom 4, Family Room, Bedroom 3
Parking
2
Parking features
Driveway, Open, Garage
Window features
Low Emissivity Windows
Patio and Porch features
Deck
Interior features
Bathtub/Shower Combination, Double Vanity, Dual Closets, Open Floorplan, Pantry, Separate Shower, Smart Thermostat, Smooth Ceilings, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, WaterSense Fixture(s)
Exterior features
Private Yard
Appliances
Free-Standing Gas Range, Microwave, Range Hood, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan
Subdivision
Parc at Bradley Farm
Elementary school
Wake - Laurel Park Elementary
Middle school
Wake - Salem Middle
High school
Wake - Green Hope High
Standard status
Active
APN
743801015
Size
2,152 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LO25 PARC AT BRADLEY FARM BM2026 -00016
Tax Annual Amount
4817
HOA Fee
$195 Monthly
Legal Description
LO25 PARC AT BRADLEY FARM BM2026 -00016
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Zoned
Cooling system
Central Air, Zoned, Heat Pump
Water source
Public
Amenities
private deck
tankless water heater
walk-in storage
Building Details
Year built
2026
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Batts Insulation, Brick Veneer, Fiber Cement, HardiPlank Type
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Baker Residential
(984) 275-2243
Listed By:
Sheryl Pratt
(919) 500-9697
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 14 at 9:06PM
MLS# 10192298
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 under-construction duplex end-unit townhome at 613 Cable Court is planned for completion at the end of September 2026. The three-story residence contains 2,152 square feet with 3 bedrooms, 3.5 baths, two lofts, a one-car garage, and more than 200 square feet of unfinished walk-in storage. The main living level places the kitchen and gathering areas without stairs from the entry, while the upper floors add bedrooms, baths, laundry space, and flexible-use areas. A third-floor door allows that level to function as a separate suite.
Interior features include 9-foot ceilings, oversized 6-foot windows, quartz kitchen and bathroom surfaces, a tiled primary shower, a tankless water heater, and zoned heat pump systems. The home also includes a private deck, landscaped open space behind the property, and woods along one side. Parc at Bradley Farm is a new-home community with 37 homesites near the Cary border, close to Downtown Apex, shopping, dining, parks, and commuter routes.
Interior features include 9-foot ceilings, oversized 6-foot windows, quartz kitchen and bathroom surfaces, a tiled primary shower, a tankless water heater, and zoned heat pump systems. The home also includes a private deck, landscaped open space behind the property, and woods along one side. Parc at Bradley Farm is a new-home community with 37 homesites near the Cary border, close to Downtown Apex, shopping, dining, parks, and commuter routes.
Key Highlights
- 2,152‑square‑foot three‑story duplex end‑unit townhome
- 3 bedrooms, 3.5 baths, two lofts, and a one‑car garage
- More than 200 square feet of unfinished walk‑in storage
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
$22,029
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
4.16%
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%
$440,580
$440.6K
Cap Rate 7%
$314,700
$314.7K
Cap Rate 9%
$244,767
$244.8K
Market Conditions
NOI Build-Up for 2,152 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
$42.6K $19.80/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$40.1K $18.61/SF
− OpEx
−$18.0K −$8.38/SF
NOI
$22.0K $10.24/SF
Area
Wake County, NC
Vacancy
6.00%
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%
$440,580
Cap Rate 7%
$314,700
Cap Rate 9%
$244,767
Alternative Uses
Best Use
Apartment 5plus
$314.7K
$275.4K – $367.2K
NOI $22,029 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$614.4K
$537.6K – $716.9K
NOI $43,011 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 27523, NC
17,320
Population
7,730
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
98%
High-School Grad
38.5 sq mi
ZIP Area
450
Density / Sq Mi
$122,401
Median Household Income
$79,228
Median Earnings
$1,805
Median Rent
$585,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction three-story residence with flexible living areas, private outdoor space, and a one-car garage.
Where is this residential income property located?
The property is located at 613 Cable Court Apex, NC.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 2,152‑square‑foot three‑story duplex end‑unit townhome; 3 bedrooms, 3.5 baths, two lofts, and a one‑car garage; More than 200 square feet of unfinished walk‑in storage
