4204 Reavis Road ยท Raleigh, NC 27606
Raleigh, NC 27606 ยท To Be Added
$4,950,000
32
Bedrooms
36
Bathrooms
13,600
Square feet
0
Acres
2026
Year built
4204 Reavis RoadActive
Highlights
- 6.0% Cap Rate
- Attached Garages
- Modern Finishes
- Stainless Steel Appliances
- In-Unit Washer/Dryer
- Adjacent To NC State
About this home
Newly constructed student housing investment opportunity adjacent to NC State. Eight@State consists of eight purpose-built 4-bedroom, 4.5-bath townhomes (32 beds total) designed for strong student rental demand, with private bathrooms for every bedroom, attached garages, modern finishes, stainless steel appliances, in-unit washer/dryer, and low-maintenance construction.
The property is already 50% leased for the 2026-2027 academic year, including three student leases and one developer-leased model home, providing immediate leasing momentum while allowing investors to complete lease-up ahead of the school year.
Offered at $4,950,000, the asset is projected to achieve a 6.0% cap rate based on current market rental expectations of approximately $950 per bedroom per month.
Located just minutes from NC State University with convenient access to Downtown Raleigh, I-440, shopping, dining, and public transit, Eight@State offers investors the opportunity to acquire a newly delivered, institutional-quality student housing asset with minimal deferred maintenance and significant long-term rental demand.34
12 categories
Interior features
- Apartment/Suite
- Bathtub/Shower Combination
- Ceiling Fan(s)
- Eat-in Kitchen
- High Ceilings
- High Speed Internet
- Kitchen Island
- Kitchen/Dining Room Combination
- Living/Dining Room Combination
- Open Floorplan
- Primary Downstairs
- Recessed Lighting
Appliances
- Dishwasher
- Disposal
- Dryer
- Free-Standing Electric Range
- Freezer
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliance(s)
- Washer
- Washer/Dryer
- Washer/Dryer Stacked
- Water Heater
Laundry
- In Unit
- Inside
Flooring
- Luxury Vinyl
Exterior features
- Awning(s)
- Lighting
- Private Entrance
- Rain Gutters
Style
- Contemporary
- Transitional
Construction
- Fiber Cement
- Lap Siding
Foundation
- Slab
Roof
- Shingle
Water
- Public
Sewer
- Public Sewer
Courtesy of
- Office
- Compass — Raleigh
- Agent
- Johnny Chappell
- Phone
- 919-726-6548
Location
Raleigh Township ยท Wake County ยท Raleigh, NC
Property history
- Listed for saleSource:
Doorify MLS #10190772$4,950,000
Documents
1 floor plan
Nearby listings
Near 4204 Reavis Road ยท Raleigh, NC 27606
Status
Living area
Price
Date range
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Cameron Saemann
Broker in Charge
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