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 St, this multifamily property is situated in the Eastern portion of Raleigh’s urban core. The neighborhood is characterized by a mix of historic residential structures and modern infill developments, offering a walkable environment near the New Bern Avenue corridor. Residents have convenient access to local parks, grocery stores, and the diverse dining and entertainment options of downtown Raleigh, which is less than two miles away. The site is well-positioned for commuters, featuring proximity to major thoroughfares like I-40 and I-440, as well as multiple city bus routes. The asset is suitable for residential conversion or traditional long-term rental operations. Given its proximity to the central business district and major transit lines, the location typically attracts a tenant profile consisting of urban professionals and students seeking workforce housing near employment hubs. The property serves as a functional option for those prioritizing accessibility to downtown offices and regional medical centers. Its mid-block positioning provides a residential feel while maintaining direct connections to the city’s high-growth commercial zones.

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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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