New Construction
For Sale
$1,618,000
804 Cotton Pl, Raleigh, NC 27601
Two contemporary units provide four bedrooms, 3.5 bathrooms, flexible living areas, and modern kitchen appointments each.
Property Size4,054 SF
Price / SF$399.11
Days on Market87
Property Features for 804 Cotton Pl
General Information
Standard status
Active
Size
4,054 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Monarch Realty Co.
Listed By:
Jason Queen · License #265895
(919) 606-2905
Source:
Cptriangle
Added: Jul 21
Changed: Sep 8
Last Checked: Sep 7 at 12:25PM
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 Monarch Realty Co.
Investment Insights
Based on property information with market context.
Scheduled for completion in Early Summer 2026, this duplex contains two contemporary residences totaling 4,054 square feet. Each unit offers over 2,000 square feet, four bedrooms, and 3.5 bathrooms, with open living areas, a dedicated office, and additional flexible rooms. Quartz countertops, stainless steel appliances, smart home features, contemporary fixtures, and design-forward bathrooms are planned throughout. Shared green space and skyline views add outdoor appeal.
The property is located at 804 Cotton Pl in Raleigh, minutes from Downtown Raleigh and near Transfer Co. Food Hall, Raleigh Wine Shop, and Roshambo. A planned City of Raleigh redevelopment nearby is expected to include retail, grocery, and community space. Photos are representative, and final selections may differ.
The property is located at 804 Cotton Pl in Raleigh, minutes from Downtown Raleigh and near Transfer Co. Food Hall, Raleigh Wine Shop, and Roshambo. A planned City of Raleigh redevelopment nearby is expected to include retail, grocery, and community space. Photos are representative, and final selections may differ.
Key Highlights
- Two‑unit duplex totaling 4,054 square feet
- Each unit offers over 2,000 square feet with 4 bedrooms and 3.5 bathrooms
- Scheduled for completion in Early Summer 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,331
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,620
$926.6K
Cap Rate 7%
$661,871
$661.9K
Cap Rate 9%
$514,789
$514.8K
Market Conditions
NOI Build-Up for 4,054 SF
Gross rent
$70.5K $17.40/SF
− Vacancy
−$4.4K −$1.07/SF
EGI
$66.2K $16.33/SF
− OpEx
−$19.9K −$4.90/SF
NOI
$46.3K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,620
Cap Rate 7%
$661,871
Cap Rate 9%
$514,789
Alternative Uses
Best Use
Multifamily LT 5
$661.9K
$579.1K – $772.2K
NOI $46,331 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$589.7K
$516.0K – $688.0K
NOI $41,278 @ 7.0% cap · market cap 2.55%
Theoretical Best
Specialty Retail
$1.11M
$974.9K – $1.30M
NOI $77,989 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
Explore this area
Business Placement
Demographics for 27601, NC
9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two contemporary units provide four bedrooms, 3.5 bathrooms, flexible living areas, and modern kitchen appointments each.
Where is this duplex located?
The property is located at 804 Cotton Pl Raleigh, NC.
What is the asking price?
The asking price for this property is $1,618,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 4,054 square feet; Each unit offers over 2,000 square feet with 4 bedrooms and 3.5 bathrooms; Scheduled for completion in Early Summer 2026
