Bought with Davis Real Estate Services
$1,000,000
$1,200,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
1612 Boyer Street Raleigh, NC 27610
8 Beds
4 Baths
3,905 SqFt
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,905 sqft
Price per Sqft $256
Subdivision Collage Park
MLS Listing ID 10136261
Sold Date 03/23/26
Style Quadruplex
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,905
Year Built 1970
Annual Tax Amount $6,510
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Quadruplex
Source Triangle MLS
Property Description
1612-1618 Boyer Street presents an investor-ready quadplex portfolio in one of Raleigh's fastest-growing corridors, surrounded by new residential and commercial development. This property features four updated 2-bedroom, 1-bathroom units, each equipped with in-unit washer and dryer, modern finishes, and dedicated parking with additional side parking for tenants and guests.
All units underwent major updates in 2020, and 1618 and 1616 Boyer received further renovations in 2025, allowing for an immediate $250 per-unit rent increase. To prepare the property for its next owner, two units were strategically bought out to complete these improvements, ensuring a seamless handoff to the next investor. One of those units is now being re-leased at the new higher rent, validating the area's strong rental growth and setting the stage for top-market performance.
Just behind the property sits 15 Fisher Street, a triplex that can be purchased together with Boyer to form a 7-unit portfolio with a combined pro forma NOI of approximately $120,000 per year. 15 Fisher must be a cash purchase but can be negotiated into the overall acquisition price, offering buyers a rare multi-property opportunity in a thriving, high-demand area.
Location
State NC
County Wake
Community Playground
Zoning RX-3
Direction Head south on I-440 toward Poole Road and take the Poole Road exit. Turn left onto Poole Road, then continue for about a mile and turn right onto Boyer Street. Follow Boyer Street straight ahead until you reach 1612 Boyer on your left.
Interior
Interior Features Bathtub/Shower Combination, High Ceilings, Kitchen/Dining Room Combination, Open Floorplan, Quartz Counters, Smooth Ceilings
Heating Forced Air, Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Vinyl
Window Features Blinds
Appliance Electric Oven, Gas Range, Microwave, Refrigerator, Washer/Dryer, Water Heater
Laundry In Unit
Exterior
Exterior Feature Awning(s), Fenced Yard, Private Yard, Rain Gutters
Fence Back Yard, Wood
Community Features Playground
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
Roof Type Shingle
Street Surface Concrete,Paved
Porch Deck, Front Porch
Private Pool No
Building
Lot Description Back Yard, Cleared, Few Trees, Landscaped, Near Public Transit
Faces Head south on I-440 toward Poole Road and take the Poole Road exit. Turn left onto Poole Road, then continue for about a mile and turn right onto Boyer Street. Follow Boyer Street straight ahead until you reach 1612 Boyer on your left.
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Aluminum Siding,Vertical Siding
New Construction No
Schools
Elementary Schools Wake - Powell
Middle Schools Wake - Ligon
High Schools Wake - Broughton
Others
Senior Community No
Tax ID 1713.06491324 0013583
Special Listing Condition Standard
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+1(919) 899-2662 | russell@thecopersitogroup.com