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    2911 Boone Trl Raleigh, NC 27610

    For Sale
    $1,600,000

    MULTI_FAMILY - Raleigh, NC

    Property size:
    6,780 SF
    Lot size:
    0.46 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 2911 Boone Trl

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Parking
    20
    Interior features
    Apartment/Suite
    Appliances
    Built-In Electric Range, Built-In Refrigerator
    Size
    6,780 SF
    Lot size
    0.46 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Aluminum Siding
    Roof type
    Metal

    KELLER WILLIAMS Realty Raleigh (919) 669-3333 [email protected]

    Listing agent Rupert Bryan (919) 723-8947

    Listing date Sep 16, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Raleigh Multifamily Investment Opportunity

    This multifamily building in downtown Raleigh features 20 one-bedroom, one-bathroom units within a single structure. Located less than 10 minutes from downtown restaurants and shopping, the property is divided into four identical sections. Each section contains five units, each equipped with a kitchenette and access to a shared kitchen with a refrigerator and oven. The one-bedroom units include a bathroom, closet, kitchenette, mini-fridge, and microwave. The metal roof has been recently replaced. The property is currently fully rented. The back lot has the potential to accommodate an additional 16-unit building. The property occupies a 0.46-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.633496
    Latitude
    35.740316

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    FAQs

    What type of property is this?
    Apartment building - 20-unit multifamily building near downtown Raleigh, fully rented.
    Where is this apartment building located?
    The property is located at 2911 Boone Trl Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - 20-unit multifamily building in Downtown Raleigh, **fully rented for immediate income**.; - Potential to add a 16-unit building on the back lot.; - Less than 10 minutes from Downtown restaurants and shopping.
    (919) 723-8947
    Request Owner's contact information
    2911 Boone Trl Raleigh, NC 27610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2911 Boone Trl Raleigh, NC 27610
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