2209 Garden Place, Raleigh, NC 27607

Raleigh
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
2209 Garden Place,Raleigh, NC 27607
$2,495,000
  • 10 Beds
  • 11 Baths
  • 5,126 sq. ft.
  • Multi-family
  • Active
Listed by: johnny chappell, maggie sparling
Office: compass -- raleigh
MLS#:10202650
Source:RD

Price summary

  • Price:$2,495,000
  • Price per sq. ft.:$486.73

About this home

Garden Place is more than a rental property; it is a high-performance financial instrument. By combining a 2.17 DSCR with an irreplaceable NCSU location and guaranteed income through mid-2027, this asset provides the transparency and security that the 2026 market demands. 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%...

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Home facts

  • Year built:2024
  • Subdivision & Development:West Raleigh
  • Listing ID #:10202650
  • Added:2 day(s) ago
  • Updated:November 12, 2026 at 04:14 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:11
  • Full bathrooms:10
  • Flooring:Luxury Vinyl
  • Kitchen Description:Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer
  • Living area:5,126 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:2024
  • Building area:5,126 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:HardiPlank Type
  • Exterior Features:Deck, Porch
  • Foundation Description:Slab
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,495,000
  • Price per sq. ft.:$486.73
  • Tax amount:$11,783

Features and amenities

  • Laundry features:In Unit, Inside, Laundry Room

Parking

  • Total parking spaces:10
  • Parking description:Driveway, Off Street
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