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Off market
  • $483,300

    5204 Olive Rd, Raleigh, NC 27606

    4beds
    1,978sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $483,300 Zestimate®
    $244/sqft
    $2,255 Estimated rent

    Home value

    $483,300

    $454,000 - $517,000

    $2,255/mo

    Zestimate® history
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    $2,730/mo

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    $2,730/mo

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    What's special

    Pet-friendly house with partially fenced wooded backyard perfect for roommates & outdoor living. This 4BD/3BA, ~1,978 sqft house is in a prime location 0.5 miles from Lake Johnson and is close to shopping, dining, entertainment, and both NCSU main & Centennial campuses, ideal for student living. What's included: - All landscaping, maintenance and repairs - Water and septic included - Kitchen & laundry appliances Utilities not included (average ~$200/mo) Great roommate value Roughly $1,000/person/month if rent and utilities are split equally between 4 people. ________________________________________ Features You'll Love - 4 Bedrooms & 3 full bathrooms plenty of space for roommates or study areas - Two master suites with private bathrooms rare and ideal for equal rent splits - Shared bathroom renovated in Feb2026 with dual vanities - High efficiency HVAC + air purifier system, & whole-house water filter included - All appliances included (kitchen + washer/dryer) - Big back deck overlooks private wooded backyard perfect for outdoor hangouts, grill nights, or study breaks - Prime location 0.5 miles from Lake Johnson and close to NCSU's main and centennial campus, shopping, dining, and entertainment. Bedroom Highlights: - 2 master suites w/ big closets, private bathrooms, and tons of space - Two additional bedrooms w/ generous closets share a hall bathroom renovated in Feb2026 Easy Transit & Location: - 0.5 miles from Lake Johnson easy access to trails, greenways, and scenic outdoors spaces ideal for hiking, running, biking, and kayaking. - Close to NCSU's main and centennial campus, shopping, dining, and entertainment. - Quiet and safe neighborhood great balance of peace without sacrificing convenience. ________________________________________ LANDLORD BENEFITS - Fixed Rent Guarantee: We never raise the rent and always give tenants first dibs to renew. Whether you stay for one year or eight years, your rent is locked in at $3,800/month so you can budget with confidence and truly make this house your home for as long as you'd like. - Direct & Responsive Owner-Management: You will have the personal cell numbers and emails for both owners, available 24/7 to ensure any questions or concerns are addressed immediately. - Experienced Local Expertise: We have self-managed college rentals at NCSU and UNCW since 2012 with great reviews and feedback. We understand the student experience and take pride in providing high-quality, well-maintained housing. - Rapid Maintenance Network: We utilize an extensive network of trusted contractors established over 14 years. Because of our long-standing relationships, our team responds quickly even on nights and weekends to keep the home in top shape. - Security Deposit Transparency: Our goal is to return your entire deposit. We provide a clear move-out checklist and work with you weeks in advance to help you get the house ready, ensuring a "win-win" transition with no "nickel and diming." ________________________________________ Contact Marshall to reserve a tour slot. - Home available July 1st, 2026 with a 1-year or longer lease. - Fixed rent guarantee: $3,800 rental rate will never increase, whether you stay 1 year or 8. - Rent includes all landscaping, maintenance, repairs, water/septic, and laundry/kitchen appliances. - Utilities not included (average $200/month) - Great roommate value Roughly $1,000/person/month if rent and utilities are split equally between 4 people.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 10 hours ago

    Listing updated: January 27, 2026 at 09:09am

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Fireplace
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,978 sqft

    Property

    Parking
    • Parking features: Off Street
    • Details: Contact manager
    Features
    • Exterior features: 2 Master Bedrooms with Private Bathrooms, Baker's Rack, Bicycle storage, Heating system: Forced Air, Huge Private Backyard, Landscaping included in rent, New Appliances, New Countertops, Remodeled Bathrooms, Utilities fee required, Water included in rent
    Details
    • Parcel number: 0783206054

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Utilities & green energy

    • Utilities for property: Water

    Community & neighborhood

    Location
    • Region: Raleigh

    HOA & financial

    Other fees
    • Deposit fee: $3,800

    Other

    Other facts
    • Available date: 07/01/2026

    Price history

    DateEventPrice
    1/27/2026Listed for rent$3,800+5.6%$2/sqft
    Source: Zillow Rentals Report a problem
    2/4/2025Listing removed$3,600$2/sqft
    Source: Zillow Rentals Report a problem
    1/21/2025Listed for rent$3,600+50%$2/sqft
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    2/23/2020Listing removed$2,400$1/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,755 +3%$427,582
    2024$2,675 +19.5%$427,582 +50.2%
    2023$2,239 +7.9%$284,588

    Find assessor info on the county website

    Neighborhood: 27606

    Nearby schools

    GreatSchools rating
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    Estimated market value$483,300
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    Estimated market value
    $483,300