Income-Producing Triplex in
15 N Fisher Raleigh, NC 27610
For Sale
$600,000
Stable income triplex near Downtown Raleigh with high occupancy.
Property Size3,028 SF
Lot Size0.11 Acres
Price / SF$198.15
Days on Market230
Property Features for 15 N Fisher
General Information
- Standard status
- Active
- Size
- 3,028 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
UNITED REAL ESTATE TRIANGLE
(919) 573-8322
Listed By:
NATALIE PEARSE
Source:
Corcoran
Added: Dec 6, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNITED REAL ESTATE TRIANGLE
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. Strong tenant demand and ongoing revitalization in the surrounding area support its long-term performance. Proximity to Downtown Raleigh enhances both rentability and appreciation potential. The property offers immediate, reliable cash flow with clean financials and minimal management needs. The triplex is located in one of Raleigh's fastest-advancing growth areas, backed by dependable income. The property size is 3028 square feet.
Key Highlights
- High annual Net Operating Income (NOI) of approximately $53,040.
- Consistent 100% occupancy across all three units.
- Strong tenant demand and revitalization in the surrounding area.
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 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 annual Net Operating Income (NOI) of approximately $53,040.; Consistent 100% occupancy across all three units.; Strong tenant demand and revitalization in the surrounding area.
