Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Triplexes

    15 N Fisher St, Raleigh, NC 27610

    3,028 SF Built 1920
    Entity Owned 7-yr Hold
    Property ID
    US53-0584745
    Property summary
    AI-generated overview

    15 N Fisher Street is an income-producing triplex located directly behind another one of our active listings, 1612 Boyer, both owned by the same seller and available either individually or as a discounted portfolio package. This property delivers stable rental income and consistent 100% occupancy across three well-maintained units 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, while proximity to Downtown Raleigh enhances both rentability and appreciation potential. This cash-only opportunity offers immediate, reliable cash flow with clean financials and minimal management needs. For investors seeking scale, the triplex pairs seamlessly with the quadplex at 1612 Boyer to create a tightly clustered seven-unit portfolio generating roughly $120,000 in annual NOI, offering operational efficiency, future redevelopment flexibility, and strategic portfolio expansion. This is a rare chance to secure multiple stabilized doors in one of Raleigh's fastest-advancing growth areas, backed by dependable income today and meaningful upside over time.

    Property profile
    Verified
    Property type Triplexes
    Year built 1920
    Total area 3,028 SF
    UPID US53-0584745
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tephra Dev LLC · 7 yrs held
    Tephra Dev LLC
    since 2018
    1 recorded transaction
    2018
    $550,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message