Listing courtesy of Compass -- Raleigh

Home For Sale in Raleigh, NC

4204 Reavis Road

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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

  • Listing Price: $4,950,000

  • Homesite #: 1-8

  • Square Feet: 13600

  • Bedrooms: 32

  • Bathrooms: 32 full, 8 half

  • Acres: 0.0000

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Last updated 2026-10-04T05:00:28Z

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