New Construction
For Sale
$1,270,000
1510 Boyer Street, Raleigh, NC 27610
One unit has a long-term lease, while the other operates as a furnished short-term rental through Airbnb.
Property Size4,080 SF
Days on Market334
Property Features for 1510 Boyer Street
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
College Park
Additional Details
Asking Price
$2,550,000
Taxes and HOA fees
Annual Taxes
$2,695
Building Details
Building Size
4,080 SF
Year Built
2025
Buildings
2
Tenancy
Multi
Listing Agency:
Compass -- Cary
Listed By:
Annette Holt · License #231450
(919) 810-2203
Source:
Dustinbennett
Added: Dec 4, 2025
Changed: Oct 31
Last Checked: Nov 1 at 3:13PM
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 Compass -- Cary
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residential units with distinct operating profiles. One unit is leased on a long-term basis, while the second is furnished and operating as a short-term rental through Airbnb. The furnished unit may be conveyed with its furniture, and the layout also supports an owner-occupant arrangement alongside a leased unit.
The property is located at 1510 Boyer Street in Raleigh, North Carolina, near the city’s planned Bus Rapid Transit line. Ongoing development in Raleigh and Southeast Raleigh provides additional surrounding context. The property may also be acquired together with 1508 Boyer Street, offering control of both duplexes and four total units.
The property is located at 1510 Boyer Street in Raleigh, North Carolina, near the city’s planned Bus Rapid Transit line. Ongoing development in Raleigh and Southeast Raleigh provides additional surrounding context. The property may also be acquired together with 1508 Boyer Street, offering control of both duplexes and four total units.
Key Highlights
- Two‑unit duplex completed in 2025
- One unit secured by a long‑term lease
- Second unit furnished and operating as an Airbnb short‑term rental
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit has a long-term lease, while the other operates as a furnished short-term rental through Airbnb.
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: Two‑unit duplex completed in 2025; One unit secured by a long‑term lease; Second unit furnished and operating as an Airbnb short‑term rental
