1508 Boyer Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2025 | Listed | $1,275,000 | |
| Listed | |||
| | |||
|
Priced at 1,275,000 per duplex, with the option to purchase both together for 2,550,000, 1508 and 1510 Boyer Street offer one of the most flexible and forward looking investment opportunities in Raleigh.
Built in 2025, each property features two thoughtfully designed units. One unit in each building is secured with a long term lease, providing immediate and stable income. The second unit in each building is furnished and operating as a short term rental through Airbnb, with a strong performance history that continues to improve. The furnished units can be sold fully furnished, creating a true turnkey experience for the next investor or owner occupant.
The versatility of these properties opens the door to multiple strategies. A buyer could live in one of the furnished units while collecting rent from the long term tenant in the adjoining unit. An investor could continue the proven combination of long term and short term rentals, maximizing cash flow. A portfolio buyer could purchase both buildings and control all four doors in a rapidly appreciating pocket of Raleigh.
The location offers exceptional upside. Boyer Street sits near Raleigh's planned Bus Rapid Transit line and is surrounded by ongoing development throughout Raleigh and Southeast Raleigh. This area is experiencing significant public and private investment, increasing demand and long term value for well built and well located rental properties.
Whether you are a seasoned investor or just getting started, these properties provide immediate income, flexible use options, low maintenance new construction, and prime positioning within one of Raleigh's most exciting growth corridors.
Your next high performing investment is ready at 1508 and 1510 Boyer Street.
| |||
| Aug 3, 2023 | Sold | ||
| Sold | |||
| May 8, 2023 | Listed by Monarch Realty Co. | $349,000 | |
| Listed by Monarch Realty Co. | |||
| Dec 10, 2021 | Sold | ||
| Sold | |||
| Sep 21, 2021 | Listed by Clifton Property Investment | $235,000 | |
| Listed by Clifton Property Investment | |||
| | |||
|
Cleared & graded lot in ultra lucrative College Park.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017