610 Woodburn

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610 Woodburn

Raleigh, NC 27605
Asking Price
$3.20M
Asset Type
Multifamily
Class
Class B

What's Special

610 Woodburn is situated in the Cameron Village area, a prime residential and commercial hub just west of downtown Raleigh. The neighborhood is characterized by its blend of mid-century architecture and modern developments, offering walkability to the Village District's extensive retail, dining, and grocery options. The property benefits from its proximity to North Carolina State University and the legal and governmental offices of the city center. Local transit stops are located within immediate walking distance, providing direct connectivity to the wider Research Triangle region via the GoRaleigh bus system and major thoroughfares like Wade Avenue. The property is suited for multifamily redevelopment or continued use as high-density rental housing. Given the location’s balance of academic and professional hubs, the typical tenant profile includes graduate students, faculty, and young professionals seeking a pedestrian-oriented lifestyle. Its placement in a high-demand transition zone also makes it an appropriate candidate for value-add investment focused on upscale market-rate apartments. The site caters to residents who prioritize proximity to major employment centers while maintaining access to established suburban-style amenities within an urban framework.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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