BEDS32
BATHS32 full 8 partial
SQUARE FEET13,600
MLS#10190772
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTo Be Added
Listing Courtesy of:
Compass -- Raleigh
Agency Phone: 919-726-6548
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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 61
Garage: 20 car attached
Heating: Heat Pump
Home Style: Contemporary, Transitional
Roof Type: Shingle
Stories: 3.0
Year Built: 2026
Amenities
Apartment/Suite
Bathtub/Shower Combination
Ceiling Fan(s)
Eat-in Kitchen
High Ceilings
High Speed Internet
Kitchen Island
Kitchen/Dining Room Combination
Living/Dining Room Combination
Open Floorplan
Primary Downstairs
Recessed Lighting
Awning(s)
Lighting
Private Entrance
Rain Gutters
Feature Descriptions
Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer, Washer/Dryer Stacked, Water Heater
Building Area Total: 13600
Carport Y/N: No
Community Features: Curbs, Sidewalks, Street Lights
Exterior: Fiber Cement, Lap Siding
Fireplace Y/N: No
Flooring: Luxury Vinyl
GarageY/N: Yes
HeatingY/N: 1
HOA Y/N: No
Laundry: In Unit, Inside
Open Parking Y/N: No
Parcel Number: 079417000987000 0014709
Parking Features: Garage, Garage Door Opener, Lighted, Off Street, On Site, Paved, Private, Secured
Property Attached Y/N: No
Senior Community Y/N: No
Sewer: Public Sewer
Spa Y/N: No
Structure Type: Site Built
Water: Public
Listed By / Shown By
Listed By
Agency Name: Compass -- Raleigh
Agency Phone: 919-726-6548
Shown By
Agency Name: Key Realty Services, LLC
Agent Name: Tamecia Key
Agent Phone: Primary: (919) 971-3981
Estimate Your Payment
Estimated Payment
$ 21,133.78 per month $19,690.03 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,443.75 Homeowner's InsuranceChange Payment Information
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