Sold

1612 Boyer Street, Raleigh, NC 27610

Beds
8
Baths
4
Sqft
3,905

View property features, location on map, relevant school information and overview from seller's agent.

Listed byAllen Tate/Raleigh-Glenwood
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
8
Number of bathrooms
4
Square feet
3,905
Lot size (acres)
0.21
Year built
1970

Utilities

Heating
Forced air, Heat pump
Cooling
Ceiling fan(s), Central air
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$6,510.87

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10136261 Last checked:

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