USANCRaleighBoulevard Park4204 Reavis Rd
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New
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$4,950,000

For Sale

A day ago

4204 Reavis Rd, Raleigh, NC

Condo

MLS® 10190772

32 Bed

40 Bath

13600 sqft

32 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 13600 sqft
Garage Yes
HOA Fees 
Taxes $2,273
Days Active 1
Approx. Age 2026
Avg. Price Per Sqft $363
MLS® Number 10190772

Property Address: 4204 Reavis Rd, Raleigh, NC, 27606-1441

Average square foot calculated using Size range provided by listing agent.

Description

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
MLS® Number10190772
Locker
Ensuite LaundryYes
Balcony
Furnished
Laundry LevelEnsuite
Exposure
Exterior
GarageYes
Approx. Age2026
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHeat Pump
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 4, 2026List Date
$4,950,000List Price
Mar 4, 2025End Date
$800,000Sold Price

Sold

Mar 4, 2025List Date
$800,000List Price
Feb 18, 2024End Date
$445,000Sold Price

Sold

Nov 8, 2023List Date
$495,000List Price
  • Commute

Commute

Starting Address
Destination Address
4204 Reavis Rd, Raleigh, NC

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