Listing Courtesy of: Natalie Pearse - United Real Estate Triangle
919-573-8322
$1,200,000
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1612 Boyer Street Unit 1612 Raleigh, NC 27610
Fourplex
Residence
8
Beds
4
Baths
...
Bed/Bath
3,905
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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1612-1618 Boyer Street presents an investor-ready quadplex portfolio in one of Raleigh's fastest-growing corridors, surrounded by new residential and commercial development. This property features four updated 2-bedroom, 1-bathroom units, each equipped with in-unit washer and dryer, modern finishes,... and dedicated parking with additional side parking for tenants and guests. All units underwent major updates in 2020, and 1618 and 1616 Boyer received further renovations in 2025, allowing for an immediate $250 per-unit rent increase. To prepare the property for its next owner, two units were strategically bought out to complete these improvements, ensuring a seamless handoff to the next investor. One of those units is now being re-leased at the new higher rent, validating the area's strong rental growth and setting the stage for top-market performance. Just behind the property sits 15 Fisher Street, a triplex that can be purchased together with Boyer to form a 7-unit portfolio with a combined pro forma NOI of approximately $120,000 per year. 15 Fisher must be a cash purchase but can be negotiated into the overall acquisition price, offering buyers a rare multi-property opportunity in a thriving, high-demand area.
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MLS#
10136261
Property Type
Fourplex
Bedrooms
8
Bathrooms
Year Built
1970
Square Feet
3,905
sq. ft
Lot Size
0.21
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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