New Duplex Investment
1510 Boyer Street Raleigh, NC 27610
1510 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 1510 Boyer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 8, Bedroom 5, Bathroom 1, Bathroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 1
- Standard status
- Active
- APN
- LO333 COLLEGE PARKK BM1911-00015
- Size
- 4,080 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lo333 College Parkk 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, Carpet, Vinyl
- 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 4:06 pm
MLS# 10135869
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.
Located on Boyer Street near Raleigh's planned Bus Rapid Transit line, the property at 1510 Boyer Street offers a flexible investment opportunity. Built in 2025, the property features two units. One unit is secured with a long-term lease, providing immediate and stable income. The second unit is furnished and operating as a short-term rental through Airbnb, with a strong performance history. The furnished unit can be sold fully furnished. A buyer could live in the furnished unit while collecting rent from the long-term tenant in the adjoining unit. An investor could continue the combination of long-term and short-term rentals, maximizing cash flow. The location is surrounded by ongoing development throughout Raleigh and Southeast Raleigh. This area is experiencing public and private investment, increasing demand and long-term value for rental properties. The property provides immediate income, flexible use options, and positioning within one of Raleigh's growth corridors. The property size is 4080 square feet and the lot size is 0.1 acres.
Key Highlights
- New construction built in 2025 at 1508 and 1510 Boyer Street, each featuring two units
- Each duplex has two units: one long‑term leased unit and one furnished short‑term rental unit
- Short‑term rental unit is operated through Airbnb with a proven performance history (furnished)
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 - New construction duplex with long and short term rental income.
Where is this duplex located?
The property is located at 1510 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 at 1508 and 1510 Boyer Street, each featuring two units; Each duplex has two units: one long‑term leased unit and one furnished short‑term rental unit; Short‑term rental unit is operated through Airbnb with a proven performance history (furnished)
