Investment Overview

Marcus & Millichap is pleased to present Crabtree Valley Multifamily Conversion located in Raleigh, North Carolina. The property encompasses 139 units across 4.9 acres, situated in the highly desirable Crabtree Valley area. The subject property includes four-unit types with a range of 260 SF to 600 SF. The projected average rent is $947 across all units. Raleigh, North Carolina, is part of the Research Triangle Park, known for its strong economy, high quality of life, and rapid population growth. The multifamily market in Raleigh has been dynamic, driven by factors such as job growth, migration patterns, and lifestyle preferences. Raleigh continues to attract new residents due to its robust job market, educational institutions, and favorable living conditions. The city’s population growth rate has been among the highest in the nation, contributing to increased demand for multifamily housing. Raleigh is home to several high-tech companies and research institutions, creating a stable job market. The city’s employment opportunities in technology, healthcare, education, and finance attract a diverse workforce. Rent growth in Raleigh has been steady, reflecting strong demand. Raleigh’s multifamily market has seen considerable interest from investors, both local and national. The market’s stability, combined with favorable economic indicators, makes it an attractive option for long-term investments.