6701 & 6721 Rock Quarry Rd

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6701 & 6721 Rock Quarry Rd

Raleigh, NC 27610
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

Located at 6701 and 6721 Rock Quarry Road, this property resides in Southeast Raleigh, a section of the city characterized by a mix of residential subdivisions and developing commercial corridors. The location offers direct access to the Interstate 40 and I-440 interchange, facilitating commutes throughout the Research Triangle. Residents are positioned near the Battle Ridge Shopping Center and the Walnut Creek Amphitheatre. Public transit coverage is available via GoRaleigh bus routes along the primary artery, connecting the site to downtown employment hubs and essential services. The site is suited for low-to-medium density multifamily development aimed at a commuter-based tenant profile. Given the proximity to major transit loops and regional distribution centers, the location typically attracts middle-income professionals and small families seeking suburban-style living with urban accessibility. Ideal use cases include garden-style apartments or build-to-rent townhomes that capitalize on the area's increasing residential demand. This asset serves as a functional housing option for those employed in Raleigh’s healthcare, education, and logistics sectors.

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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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