4204 Reavis Rd, Raleigh, NC 27606
- $4,950,000
- 32
- BD
- 40
- BA
- 13,600
- SqFt
Seller Representative Compass -- Raleigh
- List Price
- $4,950,000
- Status
- ACTIVE
- MLS#
- 10190772
- Bedrooms
- 32
- Total Bathrooms
- 40
- Full-baths
- 32
- Half-baths
- 8
- Living Area
- 13,600
- Subdivision
- To Be Added
- Year Built
- 2026
Property Description
Newly constructed student housing investment opportunity adjacent to NC State. Eight@State consists of eight purpose-built 4-bedroom, 4.5-bath townhomes (32 beds total) designed for strong student rental demand, with private bathrooms for every bedroom, attached garages, modern finishes, stainless steel appliances, in-unit washer/dryer, and low-maintenance construction. The property is already 50% leased for the 2026-2027 academic year, including three student leases and one developer-leased model home, providing immediate leasing momentum while allowing investors to complete lease-up ahead of the school year. Offered at $4,950,000, the asset is projected to achieve a 6.0% cap rate based on current market rental expectations of approximately $950 per bedroom per month. Located just minutes from NC State University with convenient access to Downtown Raleigh, I-440, shopping, dining, and public transit, Eight@State offers investors the opportunity to acquire a newly delivered, institutional-quality student housing asset with minimal deferred maintenance and significant long-term rental demand.34
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Additional Information
- Foundation
- Slab
- Interior Features
- Ceiling Fans, Eat-In Kitchen, High Ceilings, High Speed Internet, Kitchen Island, Open Floor Plan, Primary Downstairs, Recessed Lighting, Dining Combo, Dining Combo, Bathtub/Shower Combination
- Exterior Features
- Awning(s), Lighting, Private Entrance, Rain Gutters
- New Construction
- Yes
- Water
- Public
- Flooring
- Vinyl
- Roof
- Shingle
- Heating
- Heat Pump
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .