15 N Fisher St

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15 N Fisher St

Raleigh, NC 27610
Asking Price
$600K
Asset Type
Multifamily
Class
Class B

What's Special

Located at 15 N Fisher Street, this multifamily property is situated in the burgeoning East Raleigh area, just east of the city's central business district. The neighborhood is characterized by a mix of historic residential architecture and recent urban infill projects. Residents have proximity to various local amenities, including the restaurants and retail of Transfer Co. Food Hall and the Moore Square district. The location offers convenient transportation access via the nearby I-40 corridor and several GoRaleigh bus routes, facilitating commutes across the Research Triangle. The property is suited for redevelopment or continued residential operations catering to a professional tenant base. Its central location makes it ideal for individuals working in downtown Raleigh’s government, technology, and legal sectors who value walkability to urban employment hubs. Younger professionals and workforce tenants seeking transit-oriented living options are typical of the area's demographics. Given the regional population growth and proximity to major universities, the site supports long-term residential demand within an evolving urban corridor.

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NOI
$80,000
Cap Rate
13.33%
DSCR
2.25
Strong
Cash-on-Cash
24.65%
Monthly Payment
$2,968.473
Annual Cash Flow
$44,378.328

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