NC STATE STUDENT HOUSING PORTFOLIO

3817 Kelford Street, Raleigh, NC 27606

  • For Sale $15,500,000
  • Property Type Other
  • Property Size 53,994 SF
  • Units 24
  • Additional Rent Contact for pricing
  • Date Updated Nov 4, 2024

Deaton GREA is pleased to present, as the exclusive listing broker for the seller, a luxury, student-housing portfolio in the heart of Raleigh at NC State University. The 24-unit, 101-bedroom portfolio is comprised of ten, single-family homes and 14, townhomes located less than one mile from campus. The 11 parcels are contiguous, and represent a rare opportunity to acquire a boutique, student asset built with luxury finishes, at a power-five university. The property is 100% leased for the 2024-25 school year. The leases are by-the-unit, with an average, in-place rent equal to $993 per bed.


The ten, single families homes were built between 2018 and 2022 and feature a 50/50 mix of 4- and 5-bedroom floor plans. The 14 townhomes are located directly behind the single-family houses. The townhomes all feature 4-bed and 4-bath, three-story floor plans and were completed in 2023. Current ownership developed and built these properties with meticulous care and attention to detail. All of the units feature high-level finishes including hardwood floors, LVP flooring, tile bathroom floors and showers, granite counters, stainless steel appliances, ceiling fans in all rooms, recessed lighting, tankless water heaters, energy efficient windows, and more. Every property has a minimum of one parking spot for every bedroom.


Located west of downtown Raleigh, NC State University is a power-five university with more than 38,000 students and 10,000 employees. Today, 137 years after its founding, NC State is North Carolina’s largest university and continues to grow. Fueled by its status as a prestigious Research 1 institution, NC State is recognized nationwide for groundbreaking discoveries, an outstanding academic reputation, and elite athletic programs.

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Attachments

Highlights

  • 0.3 MILES FROM NC STATE CAMPUS
  • 100% LEASED

Contacts

broker

T Furlow

broker

Michael Deaton

Location

Getting Around

  • Walk Score ®

    34/100 Car-Dependent

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Raleigh, NC
  • Neighborhood College View
  • Zip Code 27606
  • Market Raleigh Durham

Points of Interest

  • Raleigh

    2.32 miles

  • Zone 1: Prearranged Services

    8.78 miles

  • Zone 4: Limos

    8.78 miles

  • Exxon

    0.49 miles

  • Speedway

    0.50 miles

  • Shell

    0.55 miles

  • Resco

    0.73 miles

  • Circle K

    0.85 miles

  • BP

    1.08 miles

  • Pullen Mart

    1.45 miles

  • PowerCharge

    1.57 miles

  • Nash Square Charging Station

    2.56 miles

  • Building C Charging Station

    4.46 miles

  • Venture Parking

    0.66 miles

  • West Lot Parking Deck

    0.67 miles

  • Keystone Deck

    0.68 miles

  • Toxicology Deck

    0.70 miles

  • Center for Technology and Innovation Parking Deck

    0.71 miles

  • Monteith Deck

    0.82 miles

  • Alliance Deck

    0.83 miles

  • Oval West Parking Deck

    0.84 miles

  • Partners Way Parking Deck

    0.86 miles

  • Poulton Deck

    0.89 miles

  • The StateView Hotel, Autograph Collection

    1.13 miles

  • Aloft Raleigh

    1.55 miles

  • TownePlace Suites Raleigh Southwest

    1.64 miles

  • Holiday Inn Express & Suites Raleigh SW NC State

    1.72 miles

  • Ramada Raleigh

    1.87 miles

  • The Casso, Raleigh, A Tribute Portfolio Hotel

    2.30 miles

  • AC Hotel by Marriott Raleigh Downtown

    2.32 miles

  • Four Points by Sheraton Raleigh Arena

    2.44 miles

  • Hampton Inn & Suites Raleigh Downtown

    2.46 miles

  • Friendship Inn Capitol

    2.48 miles

  • Amedeo's

    0.44 miles

  • Taco Bell

    0.45 miles

  • Dunkin'

    0.45 miles

  • Wendy's

    0.47 miles

  • Sushi Nine

    0.50 miles

  • Popeyes

    0.50 miles

  • Bojangles'

    0.51 miles

  • McDonald's

    0.52 miles

  • Subway

    0.54 miles

  • Cook Out

    0.54 miles

  • North Carolina State South Campus

    0.43 miles

  • North Carolina State University

    0.57 miles

  • Combs Elementary School

    0.72 miles

  • North Carolina State University (Centennial Campus)

    0.93 miles

  • Department of Mechanical and Aerospace Engineering

    0.97 miles

  • North Carolina State University North Campus

    1.11 miles

  • North Carolina State University Central Campus

    1.15 miles

  • JC Raulston Arboretum at NC State University

    1.26 miles

  • William and Ida Friday Institute for Educational Innovation

    1.33 miles

  • Olds School

    1.33 miles

  • The Goddard School

    1.76 miles

  • Gethsemane Seventh Day Adventist Day Care Center

    4.79 miles

  • Young Missionary Temple Day Care and Learning Center

    5.09 miles

  • Word of God Christian Day Care Center

    5.47 miles

  • Chesterbrook Academy

    5.66 miles

  • Millbrook KinderCare

    5.92 miles

  • Bright Horizons

    5.95 miles

  • La Petite Academy

    6.33 miles

  • Primrose School of Cary

    6.65 miles

  • Leap N Learn

    6.78 miles

Frequently Asked Questions

How much does NC STATE STUDENT HOUSING PORTFOLIO cost?

The space currently listed for sale at NC STATE STUDENT HOUSING PORTFOLIO asks for $15,500,000.

What is the total square footage of NC STATE STUDENT HOUSING PORTFOLIO?

NC STATE STUDENT HOUSING PORTFOLIO totals 53,994 square feet.

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