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Multifamily Property in Raleigh, NC
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4700 Westgrove St, Raleigh, NC 27606

204-unit multifamily property with development opportunity in Raleigh, North Carolina.

Property SizeContact for details
Days on Market168

Property Features for 4700 Westgrove St

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1986
Listing Agency:
Listed By: Matthew Snyder
Source: Lee-associates
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 20 at 5:32AM

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 Matthew Snyder

Investment Insights

Based on property information with market context.

This offering features 204 units within Westgrove Tower, a condominium community totaling 240 units, situated in Raleigh, North Carolina. The property is located near NC State University, Research Triangle Park, and Downtown Raleigh, providing access to economic, academic, and technology centers. Its location offers residents access to employers, research institutions, and a developing urban core. The property is located near I-440, I-40, and SR-54. There is an opportunity for vertical development. It is located approximately 1/4 mile from NC State – Central Campus, adjacent to and 1/4 mile from NC State – West Campus, and 8 miles from Research Triangle.

Key Highlights

  • Prime location in the heart of Raleigh, NC, offering exceptional connectivity to major economic, academic, and technology hubs.
  • Proximity to NC State University (both Central and West Campuses are within ¼ mile).
  • Located just ¼ mile from I‑440, providing easy access to I‑40 and SR‑54.

Property Analytics

Current Use

Westgrove Tower Condominium Complex

Suggested Use

Top Pick Hair Salon Spa & Massage Center Nail Salon Law Firm Dental Office Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

Demographics for 27606, NC

48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 204-unit multifamily property with development opportunity in Raleigh, North Carolina.
Where is this apartment building located?
The property is located at 4700 Westgrove St Raleigh, NC.
What are key features of this property?
This property features: Prime location in the heart of Raleigh, NC, offering exceptional connectivity to major economic, academic, and technology hubs.; Proximity to NC State University (both Central and West Campuses are within ¼ mile).; Located just ¼ mile from I‑440, providing easy access to I‑40 and SR‑54.
More about this property
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