Two New Construction
1508 Boyer Street Raleigh, NC 27610
1508 Boyer Street, Raleigh, NC, 27610
$1,275,000
For Sale
$1,275,000
MULTI_FAMILY - Raleigh, NC
Property Size4,080 SF
Lot Size0.10 Acres
Price / SF$312.50
Days on Market225
Property Features for 1508 Boyer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 8, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 2
- Standard status
- Active
- APN
- 171306398324000 0487227
- Size
- 4,080 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lo334 College Park Bm1911-00015
- Tax Annual Amount
- 2696
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Tile, Vinyl, Carpet
- Building materials
- Fiber Cement
- Roof type
- Shingle, Membrane
Listing Agency
Compass -- Cary
(919) 769-1956
201 Fenton Gateway Dr. Ste 200, Raleigh, NC
Listed by
Annette Holt · License #231450
(919) 810-2203
Added: Dec 4, 2025 Checked: Jul 17 at 11:06 am
MLS# 10135868
Listing URL
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.
1508 and 1510 Boyer Street present two built-in-2025 duplexes, each containing two thoughtfully designed units. In each building, one unit is secured with a long-term lease, while the second unit is furnished and operating as a short-term rental through Airbnb. The furnished units can be sold fully furnished, offering a turnkey path for the next owner.
The properties provide flexibility for owner-occupants and investors alike, with the ability to hold a long-term tenant and maintain short-term rental operations within the same duplex configuration. Purchase can also be made as either a single duplex or together for ownership of both buildings.
For investors seeking a straightforward, low-maintenance setup from new construction, these duplexes combine established in-place leasing with a furnished short-term component designed for continued rental income generation.
The properties provide flexibility for owner-occupants and investors alike, with the ability to hold a long-term tenant and maintain short-term rental operations within the same duplex configuration. Purchase can also be made as either a single duplex or together for ownership of both buildings.
For investors seeking a straightforward, low-maintenance setup from new construction, these duplexes combine established in-place leasing with a furnished short-term component designed for continued rental income generation.
Key Highlights
- New construction built in 2025 with fiber cement exterior and central heating/cooling
- Each duplex has 2 units: one secured long‑term leased unit plus one furnished unit operating as an Airbnb short‑term rental
- 1510 and 1508 Boyer Street available separately at $1,275,000 per duplex or together for $2,550,000
Local 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 | $71.0k | $17.40 |
| − Vacancy | −$3.7k | −$0.90 |
| EGI | $67.3k | $16.50 |
| − OpEx | −$20.2k | −$4.95 |
| NOI | $47.1k | $11.55 |
4,080 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.0K
$588.9K – $785.2K
NOI $47,110 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$604.3K
$528.7K – $705.0K
NOI $42,299 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,722 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2025, each duplex includes a long-term leased unit and a furnished short-term rental unit.
Where is this duplex located?
The property is located at 1508 Boyer Street Raleigh, NC.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: New construction built in 2025 with fiber cement exterior and central heating/cooling; Each duplex has 2 units: one secured long‑term leased unit plus one furnished unit operating as an Airbnb short‑term rental; 1510 and 1508 Boyer Street available separately at $1,275,000 per duplex or together for $2,550,000
