1600 Poole Rd

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1600 Poole Rd

Raleigh, NC 27610
Asking Price
$1.15M
Asset Type
Multifamily
Class
Class B

What's Special

1600 Poole Road is situated in Southeast Raleigh, approximately two miles east of the central business district. The property is located in a transitioning residential area characterized by a mix of established single-family homes and newer infill developments. The location offers direct access to the Walnut Creek Trail system and is less than one mile from the Raleigh Beltline (I-440), providing transit links to the wider Research Triangle region. Local amenities including grocery stores, community centers, and public schools are within a short driving distance. This multifamily site is suited for workforce housing or mid-range residential development aimed at Raleigh’s growing labor force. Typical tenants would likely include young professionals, service industry workers, and small families who prioritize proximity to downtown employment hubs without the premium cost of an urban core address. The property’s placement near major thoroughfares makes it functional for commuters who require efficient access to nearby medical centers, universities, and retail corridors while maintaining a residential neighborhood feel.

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NOI
$80,000
Cap Rate
6.96%
DSCR
1.17
Tight
Cash-on-Cash
3.40%
Monthly Payment
$5,689.573
Annual Cash Flow
$11,725.13

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