Login

4204 Reavis Road, Raleigh, NC 27606

Raleigh
Local realty services provided by:CENTURY 21 Total Real Estate Solutions
4204 Reavis Road,Raleigh, NC 27606
$4,950,000
  • 32 Beds
  • 40 Baths
  • 13,600 sq. ft.
  • Multi-family
  • Active
Listed by: johnny chappell, maggie sparling
Office: compass -- raleigh
MLS#:10190772
Source:RD

Price summary

  • Price:$4,950,000
  • Price per sq. ft.:$363.97

About this home

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,...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:2026
  • Subdivision & Development:To Be Added
  • Listing ID #:10190772
  • Added:7 day(s) ago
  • Updated:September 11, 2026 at 06:19 PM

Rooms and interior

  • Bedrooms:32
  • Total bathrooms:40
  • Full bathrooms:32
  • Flooring:Luxury Vinyl
  • Dining Description:Eat-in Kitchen, Kitchen/Dining Room Combination, Living/Dining Room Combination
  • Bathrooms Description:Bathtub/Shower Combination
  • Kitchen Description:Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer, Washer/Dryer Stacked, Water Heater
  • Living area:13,600 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2026
  • Building area:13,600 sq. ft.
  • Construction Materials:Fiber Cement, Lap Siding
  • Exterior Features:Awning(s), Lighting, Private Entrance, Rain Gutters
  • Foundation Description:Slab
  • Levels:Tri-Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,950,000
  • Price per sq. ft.:$363.97
  • Tax amount:$2,273

Features and amenities

  • Laundry features:In Unit, Inside

Parking

  • Total parking spaces:32
  • Parking description:Garage, Garage Door Opener, Off Street, On Site, Paved, Secured
  • Garage:Yes
  • Garage spaces:20
MLS LogoListings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. 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. Copyright 2026 Doorify MLS of North Carolina. All rights reserved.

New listings near 4204 Reavis Road