Highlights
Pet Friendly
Location
Tour 741 Bishops Park Dr
Contact
First Class Realty Property Management
Nearby rentals
Renter hub
Property management
First Class Realty Property Management
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Great for
Features
| Air Conditioning | Carpet |
Appliances
| In-Unit Laundry |
Community
| Cats OK | Dogs OK |
Grounds
| Swimming Pool |
Services
| On-Site Management |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Professionally Managed by First Class Realty Property Management, LLC 741 Bishops Park Drive, Unit 102, Raleigh, NC 27605 | Bishops Park | 2 Bed / 2 Bath | 1,158 Sq Ft Located in the highly desirable Bishops Park condominium community in Raleigh's Five Points district, this spacious first-floor condo offers comfortable living in one of the city's most sought-after locations. The community is conveniently situated near Downtown Raleigh, Glenwood South, Village District, NC State University, Fletcher Park, shopping, dining, entertainment, and major commuter routes including Wade Avenue and I-40. Property Features: 2 Bedrooms 2 Full Bathrooms 1,158 Square Feet First-floor unit Open living and dining area Spacious primary suite with private bathroom Generous secondary bedroom and guest bathroom Public water and sewer Community swimming pool Professionally maintained grounds Located in the established Bishops Park condominium community Easy access to Downtown Raleigh, Five Points, Village District, and major employment centers Current Improvements Underway This home is currently being refreshed and updated for its next resident. Planned improvements include: Brand-new LifeProof laminate flooring throughout the main living areas Brand-new carpet in both bedrooms Fresh interior paint throughout the entire home Two brand-new windows being installed The property is anticipated to be available for move-in on or around June 21, 2026, with the possibility of an earlier availability date if renovations are completed ahead of schedule. Application Requirements - Please Review Before Applying Applications that do not meet the criteria below will not be approved. Income Requirement Gross household income must be at least 2.25x the monthly rent. 3x rent or greater qualifies for a standard security deposit (1x rent). 2.25x-2.99x rent may qualify with an increased security deposit (up to 2x rent) based on overall application strength. Income must be verifiable through Paysource. Credit Rental History Credit history, payment patterns, and overall financial responsibility are reviewed. The following will result in denial: Outstanding balances owed to prior landlords Housing-related collections or open landlord judgments Material misrepresentation or falsified documents Security Deposit Security deposit ranges from 1x-2x monthly rent based on income strength, credit profile, and rental history. All deposits comply with North Carolina regulations. Application Fee $35 per applicant (non-refundable). Additional Required Fees at Move In Programs Leasing Administration Fee: $100 (one-time) Pet Fee: $100 per pet (non-refundable; does not cover damages) First Class Residency - Portal Fee (Required) $10 per month (non-negotiable) Includes: On-time rent credit reporting 24/7 online resident portal (payments, maintenance, documents) Cash payment options at approved retailers Preventative maintenance inspections (2x per lease term) Renewal incentives for on-time residents Pet Policy All pets must be disclosed and approved. Residents may be required to provide professional carpet cleaning and/or additional cleaning documentation at lease end if pet-related odor, dander, or damage is present. Pets must be included on renter's insurance policy. Renter's Insurance Renter's insurance is required with a minimum $100,000 liability limit. Proof of coverage (declaration page) must be provided prior to move-in. Equal Housing Opportunity. These additional cha..
How 741 Bishops Park Dr compares to other nearby properties.
Positives
| Zip code | 27605 |
|---|---|
| Type | Condo for rent |
2-bedroom apartments at 741 Bishops Park Dr cost about 40% more than the average rent price for 2-bedroom apartments in Raleigh.
| Month | Median Rent |
|---|---|
| June 2024 | $1,598 |
| July 2024 | $1,592 |
| August 2024 | $1,553 |
| September 2024 | $1,532 |
| October 2024 | $1,532 |
| November 2024 | $1,534 |
| December 2024 | $1,517 |
| January 2025 | $1,518 |
| February 2025 | $1,558 |
| March 2025 | $1,547 |
| April 2025 | $1,530 |
| May 2025 | $1,549 |
| June 2025 | $1,564 |
| July 2025 | $1,555 |
| August 2025 | $1,557 |
| September 2025 | $1,548 |
| October 2025 | $1,544 |
| November 2025 | $1,522 |
| December 2025 | $1,549 |
| January 2026 | $1,539 |
| February 2026 | $1,513 |
| March 2026 | $1,503 |
| April 2026 | $1,504 |
| May 2026 | $1,545 |
Can I afford to live at 741 Bishops Park Dr?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$86,000/yr
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