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10 Beds
11 Baths
5,126 sqft

$2,495,000

2209 Garden Place, Raleigh NC, 27607

Price per sqft$486.73
Built in2024
Property size5,126 sqft
Property typeMulti-family
Listing courtesy of Compass -- Raleigh

Overview

Active

Listed Nov 10, 2026

Updated 6h ago

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% expense ratio, significantly outperforming market averages.

$16,599/mo

Est. mortgage payment based on a $2,495,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
10202650

Interior Features

Bedrooms
10
Bathrooms
11
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

New Construction
Yes
MLS provider logo

Listed by Johnny Chappell, Maggie Sparling, Compass -- Raleigh

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Data last updated 3:49 PM UTC, 11/10/2026

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