Listing Courtesy of: 
Doorify MLS / Listed By: Compass Raleigh
Doorify MLS / Listed By: Compass Raleigh 2209 Garden Place Raleigh, NC 27607
Active (0 Days)
$2,495,000 (USD)
Description
MLS #:
10202650
10202650
Taxes
$11,783(2026)
$11,783(2026)
Lot Size
10,019 SQFT
10,019 SQFT
Type
Multifamily
Multifamily
Year Built
2024
2024
County
Wake County
Wake County
Community
West Raleigh
West Raleigh
Listed By
Johnny Chappell, Compass Raleigh
Source
Doorify MLS
Last checked Nov 10 2026 at 5:32 PM GMT+0000
Doorify MLS
Last checked Nov 10 2026 at 5:32 PM GMT+0000
Bathroom Details
- Full Bathrooms: 10
- Half Bathroom: 1
Interior Features
- Pantry
- Kitchen Island
- Electric Range
- Microwave
- Refrigerator
- Ceiling Fan(s)
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Dryer
- Washer
- Laundry: Laundry Room
- High Ceilings
- Range
- Washer/Dryer
- Open Floorplan
- Laundry: Inside
- Quartz Counters
- Recessed Lighting
- Stainless Steel Appliance(s)
- Electric Oven
- Freezer
- Laundry: In Unit
Subdivision
- West Raleigh
Property Features
- Foundation: Slab
Heating and Cooling
- Central
- Central Air
Flooring
- Luxury Vinyl
Exterior Features
- Hardiplank Type
- Roof: Shingle
Utility Information
- Sewer: Public Sewer
Parking
- Driveway
- Off Street
- Total: 10
Stories
- Two
Living Area
- 5,126 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by The Corcoran Group and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listings 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 2024 Doorify MLS of North Carolina. All rights reserved. Data last updated 9/10/24 06:44
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In a volatile interest rate environment, Garden Place offers a safe harbor for investors seeking capital preservation without sacrificing yield. As a developer-built asset, every aspect of this portfolio has been engineered to maximize Debt Service Coverage and minimize operational risk.
Steps from the NC State University Belltower, this property sits in the most supply-constrained student housing pocket in Raleigh. Its walkable status to the campus core ensures a permanent waitlist and zero-vacancy historic performance.
The portfolio is currently 100% leased through June 2027, providing the new owner with nearly 16 months of guaranteed, uninterrupted revenue. The property is professionally managed at a 24.3% expense ratio, significantly outperforming market averages.