# 4204 Reavis Road, Raleigh, NC 27606 > **TL;DR:** 32bd/36ba multi-family, $4,950,000 ($364/sqft), built 2026, 13,600 sqft. > A/C, 20-car garage. Est. $26,474/mo. Listed 56 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $4,950,000 | | Price/sqft | $364 | | Bedrooms | 32 | | Bathrooms | 32 full, 8 half | | Square Feet | 13,600 | | Year Built | 2026 | | Stories | 3 | | Garage | 20-car | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 56 | ## Why This Home Stands Out - **Large Garage** - 20-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $25,030 | | Estimated Insurance | $1,444 | | **Total** | **$26,474** | ## Key Amenities - A/C - 20-car garage ## Property Highlights - Built in 2026 - 3 stories - 32 parking spaces ## Description ### Agent Description Newly constructed student housing investment opportunity adjacent to NC 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, 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 ## Location - **Address:** 4204 Reavis Road, Raleigh, NC 27606 - **County:** Wake - **Neighborhood:** To Be Added - **Coordinates:** 35.785563, -78.696286 - **Google Maps:** https://www.google.com/maps?q=35.785563,-78.696286 ## Listing Agent - **Name:** Johnny Chappell - **Brokerage:** Compass North Carolina - **Broker Phone:** (212) 913-9058 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/4204-Reavis-Rd_Raleigh_NC_27606_M92098-89114?f=listhub&s=TRIANGLE&m=10190772&c=propsimple) ## Photos ![4204 Reavis Road - Photo 1](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f2508243165r.jpg) ![4204 Reavis Road - Photo 2](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f3139701567r.jpg) ![4204 Reavis Road - Photo 3](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f2311905088r.jpg) ![4204 Reavis Road - Photo 4](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f1248287519r.jpg) ![4204 Reavis Road - Photo 5](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f1754126839r.jpg) ![4204 Reavis Road - Photo 6](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f4084353762r.jpg) ![4204 Reavis Road - Photo 7](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f616342163r.jpg) ![4204 Reavis Road - Photo 8](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f1778330602r.jpg) ![4204 Reavis Road - Photo 9](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f4091664842r.jpg) ![4204 Reavis Road - Photo 10](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f4022116842r.jpg) ![4204 Reavis Road - Photo 11](http://lh.rdcpix.com/c067b05b91646ddaaee1360632594704l-f3288174119r.jpg) --- **MLS#:** 10190772 | **Updated:** 2026-10-21 **Source:** listhub *Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/4204-reavis-road-raleigh-nc-27606-edf96ae8763a48008d6becccfe0f7e83) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4204-reavis-road-raleigh-nc-27606-edf96ae8763a48008d6becccfe0f7e83#listing", "url": "https://www.propertysimple.ai/listing/4204-reavis-road-raleigh-nc-27606-edf96ae8763a48008d6becccfe0f7e83", "name": "4204 Reavis Road, Raleigh, NC 27606", "description": "Newly constructed student housing investment opportunity adjacent to NC 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. 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