New Construction Income
1510 Boyer Street, Raleigh, NC 27610
For Sale
$1,270,000
Pending
Residential Income, Raleigh, NC
Property Size4,080 SF
Lot Size0.10 Acres
Days on Market346
Property Features for 1510 Boyer Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Compass -- Cary
(919) 769-1956
Listed By:
Annette Holt · License NC #231450
(919) 810-2203
Added: Dec 4, 2025
Changed: Nov 9
Last Checked: Nov 14 at 1:06AM
MLS# 10135869
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.
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Investment Insights
Based on property information with market context.
This 2025-built duplex contains two residential units within 4,080 square feet. The property includes fiber cement construction, central heating and cooling, vinyl, carpet, and tile flooring, plus public water and sewer service. One unit is leased on a long-term basis, while the other is furnished and operated as a short-term rental. Furnishings may convey with the sale.
The property is located on Boyer Street in Raleigh, near the city’s planned Bus Rapid Transit corridor and convenient to Downtown Raleigh. The offering can support continued use of the existing rental formats, owner occupancy in one unit, or a combined acquisition with the separately identified duplex at 1508 Boyer Street, creating control of four units.
The property is located on Boyer Street in Raleigh, near the city’s planned Bus Rapid Transit corridor and convenient to Downtown Raleigh. The offering can support continued use of the existing rental formats, owner occupancy in one unit, or a combined acquisition with the separately identified duplex at 1508 Boyer Street, creating control of four units.
Key Highlights
- Built in 2025 with 4,080 square feet
- Two‑unit duplex configuration
- One unit has a long‑term lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,110
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,200
$942.2K
Cap Rate 7%
$673,000
$673.0K
Cap Rate 9%
$523,444
$523.4K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$71.0K $17.40/SF
− Vacancy
−$3.7K −$0.90/SF
EGI
$67.3K $16.50/SF
− OpEx
−$20.2K −$4.95/SF
NOI
$47.1K $11.55/SF
Area
ZIP 27610
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,200
Cap Rate 7%
$673,000
Cap Rate 9%
$523,444
Alternative Uses
Best Use
Multifamily LT 5
$673.0K
$588.9K – $785.2K
NOI $47,110 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$604.3K
$528.7K – $705.0K
NOI $42,299 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,722 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Raleigh, NC
Properties on Market for Duplexes in Raleigh
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with established long-term and furnished short-term rental operations.
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 $1,270,000.
What are key features of this property?
This property features: Built in 2025 with 4,080 square feet; Two‑unit duplex configuration; One unit has a long‑term lease in place
