4204 Reavis RoadRaleigh, NC 27606
- Multi Family
- $4,950,000
- 13,600 SQFT
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
- Last Checked
- 1 minute ago
- Last Updated
- Sep 04, 2026
- Days on Website
- 11
Property Details for 4204 Reavis Road
4204 Reavis Road is a Multi Family commercial space for sale in Raleigh, NC 27606.
Please contact Johnny Chappell at Compass -- Raleigh direct by phone at 919-737-2247. You may also reach Compass -- Raleigh by phone at 919-726-6548.
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Listing Provider for 4204 Reavis Road
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- Agent:
- Johnny Chappell
- Agent Phone Number:
- 919-737-2247
- Office:
- Compass -- Raleigh
- Office Phone Number:
- 919-726-6548
- MLS ID:
- 10190772
- Data Source:
- Doorify MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- September 4, 2026 2:40 PM UTC
- Days on Site:
- 11
