- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Hot
New Construction
Street View
$4,950,000
Monthly Est:$24,638
32 Beds
40 Baths32 full baths + 8 half baths
13,600sqft
4204 Reavis Rd, Raleigh, NC 27606
$4,950,000
$24,638/moEst:
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Apartment
Built in 2026
$-- HOA
-- sqft lot
$364/sq.ft
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
- Houzeo last checked: 3 minutes ago
- Listing updated: September 4, 2026 at 2:40 pm
- Listing Provided by: Johnny Chappell (919) 737-2247 , Maggie Sparling | Compass -- Raleigh (919) 726-6548
- Source: Doorify MLS-NC | MLS#: 10190772
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
2026
HOA Fees
-
Finished Area
13,600 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Doorify MLS
MLS Number
10190772
MLS Status
Active
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 32
Bathrooms: 40
Interior
Sewer
Public Sewer
Interior Features
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
Flooring
Luxury Vinyl
Heating
Heat Pump
Appliances
Dishwasher, Disposal, Dryer, Free Standing Electric Range, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/dryer, Washer/dryer Stacked, Water Heater
Exterior Features
Awning(s), Lighting, Private Entrance, Rain Gutters
Cooling
Central Air
Construction
Year Built
Year Built: 2026
Home type
Apartment
Foundation Details
Slab
Construction Materials
Fiber Cement, Lap Siding
Property Condition
New Construction
Roof
Shingle
Utilities & Energy
Parking Features
Garage, Garage Door Opener, Lighted, Off Street, On Site, Paved, Private, Secured
Water Source
Public
Laundry Features
In Unit, Inside
Security Features
Smoke Detector(s)
Other Features
Subdivision Name
To Be Added
Tenant Pays
All Utilities
Community Features
Curbs, Sidewalks, Street Lights
Price History
| Date | Event | Price |
|---|---|---|
09/04/2026 Source: | Listed for Sale | $4,950,000 +518.75% $364/sqft |
06/06/2025 Source: | Sold | $800,000 $59/sqft |
03/13/2025 Source: | Pending | $800,000 +79.78% $59/sqft |
04/04/2024 Source: | Price Decreased | $445,000 -10.10% $33/sqft |
04/04/2024 Source: | Sold | $495,000 $36/sqft |
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Based on information from the Doorify MLS (Triangle MLS, Inc.) through Nov 01, 2026, 04:01AM. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. © 2026 Doorify MLS, Inc. of North Carolina. All rights reserved. Non-MLS properties are not included. Properties sold were listed/sold by various MLS participating offices. © 2026 Doorify MLS, Inc. of North Carolina. All Rights Reserved.
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