4700 Westgrove St

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4700 Westgrove St

Raleigh, NC 27606
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

4700 Westgrove St is located in West Raleigh, situated between the NC State University Centennial Campus and the Arena District. The neighborhood is characterized by a mix of established residential pockets and corporate office parks. The property offers immediate access to Blue Ridge Road and Western Boulevard, providing a direct link to I-440 and I-40. Nearby amenities include the North Carolina Museum of Art, the PNC Arena, and the various retail and dining options found at the nearby Ridgewood Shopping Center. As a multifamily asset, this location is suited for rental housing targeting a diverse demographic. The proximity to major educational institutions and business hubs makes it an ideal fit for graduate students, faculty, and young professionals working in the Research Triangle area. The site supports high-density development or student-oriented housing, catering to tenants seeking a commute-friendly location balanced with access to municipal parks and regional employment centers.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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