1612 Boyer Street
Raleigh, NC 276101612-1618 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.
$1,200,000
8 bedrooms
4 full bathrooms
0.21 acres
3,905 square feet
$307 per square foot
- Exterior Features
- Interior Features
- Property Features
- Attached Garage Y/N Yes
- Common Walls 2+ Common Walls
- Construction Materials Aluminum Siding, Vertical Siding
- Exterior Features Fenced Yard, Awning(s), Private Yard, Rain Gutters
- Fencing Wood, Back Yard
- Lot Size Acres 0.21
- Parking Features On Site, Additional Parking, Concrete, Attached
- Patio And Porch Features Deck, Front Porch
- Structure Type Quadruplex
- Above Grade Finished Area 3,905
- Appliances Water Heater, Refrigerator, Gas Range, Microwave, Electric Oven, Washer/Dryer
- Cooling Ceiling Fan(s), Central Air
- Cooling Y/N Yes
- Flooring Vinyl, Hardwood
- Heating Heat Pump, Forced Air
- Heating Y/N Yes
- Interior Features Bathtub/Shower Combination, Open Floorplan, Smooth Ceilings, Quartz Counters, Kitchen/Dining Room Combination, High Ceilings
- Laundry Features In Unit
- Window Features Blinds
- Community Features Playground
- Lot Features Landscaped, Few Trees, Back Yard, Cleared, Near Public Transit
- Tax Annual Amount 6510.87
- Water Source Public
- Year Built 1970
Additional Property Information
- TypeQuadruplex
- Built1970
- NeighborhoodCollage Park
- CountyWake
- AreaRaleigh
- Elementary SchoolWake - Powell
- Middle SchoolWake - Ligon
- High SchoolWake - Broughton
Listing courtesy of United Real Estate Triangle. © 2025 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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