Property profile

3021 Medlin Dr Raleigh, NC 27607

OFF-MARKET
Garden apartment buildings
Property ID
US53-1766425
8,034 SF 0.9 ac lot Built 1984
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1984
Construction FRAME
Total area 8,034 SF
Lot 0.9 ac (39,204 SF)
Zoning code R-10
APN 0794.07-69-1698 0046716
UPID US53-1766425

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3021 Medlin Dr Raleigh, NC 27607-0049
Raleigh metro Census 51502 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$620k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-10 · Raleigh, NC
Zoning description

R-10. F. Density, Lot Area per Dwelling Unit, and Site Area per Dwelling Unit Residential density, where applicable, is expressed in units per acre and is calculated by dividing the total number of dwelling units by the…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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