Income-Producing Triplex in Raleigh,
15 N Fisher Street Raleigh, NC 27610
For Sale
$600,000
COMMERCIAL - Raleigh, NC
Property Size3,028 SF
Lot Size0.11 Acres
Price / SF$198.15
Days on Market230
Property Features for 15 N Fisher Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- mixed use
- Parking
- 6
- Standard status
- Active
- APN
- 171306491228000 0008701
- Size
- 3,028 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DIST:01 CITY/MUNI/TWP:RALEIGH LOS327 PROP HARRY CLINKSCALE BM1986-02139
- Tax Annual Amount
- 4241
Utilities
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Building materials
- Brick
Listing Agency:
United Real Estate Triangle
(919) 573-8322
Listed By:
Natalie Pearse
(919) 839-3131
Added: Dec 6, 2025
Changed: May 19
Last Checked: Jul 24 at 4:06PM
MLS# 10136262
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 15 N Fisher Street is an income-producing triplex. The property delivers stable rental income and consistent 100% occupancy across three well-maintained units. The units are leased at $1,350, $1,495, and $1,575 per month, producing an approximate annual NOI of $53,040. The property is located near Downtown Raleigh. The property is located in a revitalizing area. The lot size is 0.11 acres. The property size is 3028 square feet. Strong tenant demand and ongoing revitalization in the surrounding area support its long-term performance, while proximity to Downtown Raleigh enhances both rentability and appreciation potential. The property offers immediate, reliable cash flow with clean financials and minimal management needs. This is a rare chance to secure stabilized doors in one of Raleigh's fastest-advancing growth areas, backed by dependable income today and meaningful upside over time. The property is zoned for mixed use.
Key Highlights
- High Income Potential: Generates approximately $53,040 annual NOI with 100% occupancy.
- Stable Rental Income: Three well‑maintained units are currently leased at $1,350, $1,495, and $1,575 per month.
- Portfolio Expansion Opportunity: Can be paired with the adjacent quadplex at 1612 Boyer for a combined seven‑unit portfolio.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $17.40 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $49.9k | $16.50 |
| − OpEx | −$15.0k | −$4.95 |
| NOI | $35.0k | $11.55 |
3,028 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.5K
$437.0K – $582.7K
NOI $34,963 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$448.5K
$392.4K – $523.2K
NOI $31,392 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$887.6K
$776.7K – $1.04M
NOI $62,135 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Stable income triplex near Downtown Raleigh with high occupancy.
Where is this triplex located?
The property is located at 15 N Fisher Street Raleigh, NC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High Income Potential: Generates approximately $53,040 annual NOI with 100% occupancy.; Stable Rental Income: Three well‑maintained units are currently leased at $1,350, $1,495, and $1,575 per month.; Portfolio Expansion Opportunity: Can be paired with the adjacent quadplex at 1612 Boyer for a combined seven‑unit portfolio.
