$1,200,000

1612 Boyer St Raleigh, NC 27610

College Park Neighborhood

Estimated payment $6,836/month

Total Views 177
8 Beds
4 Baths
3,905 Sq Ft
$307 Price per Sq Ft

Highlights

  • Popular Property
  • Open Floorplan
  • Property is near public transit
  • Broughton Magnet High School Rated A-
  • Deck
  • 2-minute walk to Fisher Street Park

About This Home

1612-1618 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.

Listing Agent

Natalie Pearse

United Real Estate Triangle License #305394 Listed on: 12/07/2025

United Real Estate Triangle

Co-Listing Agent

Abbey Gallons

United Real Estate Triangle License #345283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,511

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • Property fronts a state road
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Cleared Lot
  • Few Trees
  • Back Yard Fenced

Home Design

  • Quadruplex
  • Transitional Architecture
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding
  • Vertical Siding
  • Lead Paint Disclosure

Interior Spaces

  • 3,905 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Awning
  • Blinds
  • Combination Kitchen and Dining Room

Kitchen

  • Electric Oven
  • Gas Range
  • Microwave
  • Quartz Countertops

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Additional Parking
  • 6 Open Parking Spaces

Outdoor Features

  • Deck
  • Rain Gutters
  • Front Porch

Location

  • Property is near public transit

Schools

  • Powell Elementary School
  • Ligon Middle School
  • Broughton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, exterior maintenance, grounds care, HVAC maintenance, insurance, repairs, taxes
  • Assessor Parcel Number 1713.06-49-1324 0013583

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Collage Park Subdivision

Recreation

  • Community Playground

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,511

Year Built

Built in 1970 | Remodeled

Lot Details

0

Listing Details

  • Year Built: 1970
  • Prop. Type: Residential Income
  • Road Frontage Type: State Road
  • Road Surface Type: Concrete, Paved
  • Co List Office Phone: 919-573-8322
  • Subdivision Name: Collage Park
  • Above Grade Finished Sq Ft: 3905.0
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Appliances Refrigerators: Yes
  • Utilities Cable Available: Yes
  • Remarks and Miscellaneous Syndication Remarks2: The building features two newly renovated units, each showcasing a fresh modern aesthetic—refined surfaces, improved layouts, and an overall sense of warmth and functionality. The market responded immediately: one renovated unit leased within days at $1,600, reaffirming the strength of demand and rent ceilings in the area. The second renovated unit is currently vacant and offered at $1,650, intentionally left open for showings. This is a temporary window, giving investors a rare opportunity to walk a beautifully updated unit before it inevitably leases. The remaining units, updated within the last five years, maintain reliable occupancy and demonstrate consistent income performance. A distinguishing advantage of Boyer is the expansive yard space available to all tenants—a luxury nearly unseen at this scale. These outdoor areas elevate tenant satisfaction, justify higher rents, and open the door to future possibilities, whether through amenity enhancements, tenant-experience upgrades, or longer-term development strategies. Situated minutes from Downtown Raleigh and surrounded by new construction, revitalization, and accelerating density, Boyer stands at the intersection of stability and upside. Its footprint also lends itself naturally to strategic expansion. Directly behind Boyer, the adjoining triplex at 15 N Fisher—owned by the same seller—is available for purchase, operating at 100% occupancy with a proven NOI of approximately $53,040. Together, the properties form a seven-unit cluster that enhances operational efficiency, strengthens rent positioning, and unlocks the potential for future redevelopment. Early exploration of rezoning introduces yet another horizon of long-term value for buyers with vision. With its curated upgrades, exceptional rental response, generous outdoor space, and opportunity to expand into a larger multifamily footprint, 1612 Boyer represents a refined and compelling asset—one where immediate returns, architectural freshness, and future potential come together in a way rarely offered in the Raleigh market. Please contact Natalie Pearse at 919-839-3131 or by email at natalie@nkprealty.com , or Abbey Gallons at 919-714-3540 or abbey@nkprealty.com with any questions, for additional information, or to submit an offer. LA Office doesn't hold EMD. Preferred Closing Attorney--Sterling Law. PLEASE SEND DD CHECKS TO: United Real Estate 5650 Six Forks Rd Ste 101 Raleigh NC 27609
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 3905.0
  • Vegetation Cleared2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Fencing Back Yard: Yes
  • Fencing Wood2: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Road Frontage Type State Road: Yes
  • Disclosures Lead Based Paint: Yes
  • Security Features Carbon Monoxide Detector(s): Yes
  • General Property Information Number Of Units Total3: 4.0
  • General Property Information Lot Size Square Feet2: 9148.0
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.21
  • Structure Type Quadruplex: Yes
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 3905.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Luxury Vinyl
  • Interior Amenities: Bathtub/Shower Combination, High Ceilings, Kitchen/Dining Room Combination, Open Floorplan, Quartz Counters, Smooth Ceilings
  • Appliances: Electric Oven, Gas Range, Microwave, Refrigerator, Washer/Dryer, Water Heater
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Community Features:Playground2: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:WasherDryer: Yes
  • Interior Features:Open Floorplan: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Awning(s), Fenced Yard, Private Yard, Rain Gutters
  • Fencing: Back Yard, Wood
  • Acres: 0.21
  • Disclosures: Lead Based Paint
  • Common Walls: 2+ Common Walls
  • Construction Type: Aluminum Siding, Vertical Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Front Porch
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Lot Features:Near Public Transit: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Lot Features:Back Yard2: Yes
  • Exterior Features:Private Yard: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Few Trees: Yes
  • Exterior Features:Awning(s): Yes
  • Construction Materials:Vertical Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Additional Parking, Attached, Concrete, On Site
  • Parking Features:Attached: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Additional Parking: Yes
  • Parking Features:On Site: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Forced Air, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Community Features: Playground
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Ligon

Lot Info

  • Zoning: RX-3
  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1713.06-49-1324 0013583

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Hot Water, Trash Collection
  • Lease Term: Month To Month
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Taxes

Tax Info

  • Tax Annual Amount: 6510.87
  • Tax Year: 2025
  • Tax Map Number: 327-328

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Wake - Powell

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,511 $737,400 $236,250 $501,150
2024 $6,484 $737,400 $236,250 $501,150
2023 $5,427 $490,554 $132,250 $358,304
2022 $5,047 $490,554 $132,250 $358,304
2021 $4,853 $490,554 $132,250 $358,304
2020 $4,766 $490,554 $132,250 $358,304
2019 $2,035 $168,697 $37,500 $131,197
2018 $0 $168,697 $37,500 $131,197
2017 $1,835 $168,697 $37,500 $131,197
2016 $1,799 $168,697 $37,500 $131,197
2015 $1,898 $175,592 $44,000 $131,592
2014 $1,804 $175,592 $44,000 $131,592
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2025 12/07/25 For Sale $1,200,000 0.0% $307 / Sq Ft
03/01/2024 03/01/24 Rented $1,450 0.0% --
01/08/2024 01/08/24 For Rent $1,450 -- --
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Source: Doorify MLS

MLS Number: 10136261

Doorify MLS

APN: 1713.06-49-1324-000

North Carolina Wake County Raleigh 27610 College Park

1612 Boyer St, Raleigh, NC

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. 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. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes
Natalie Pearse
Listing Agent
Natalie Pearse
Section Image
United Real Estate Triangle
(919) 823-3885