White Oak Apartments presents a compelling value-add multifamily investment opportunity in one of the Southeast’s fastest-growing rental markets. Located less than one mile from Downtown Raleigh, the property offers investors stable in-place income with significant upside through rent growth.
The property consists of eight well-designed 2-bedroom, 1-bath units averaging approximately ±720 square feet, each featuring open floor plans and washer/dryer hookups. The community is currently 100% occupied, demonstrating strong tenant demand in this highly desirable urban location.
Over the past five years, ownership has completed several key capital improvements including a new roof, replacement of six HVAC systems, and interior upgrades in five units with new LVP flooring, granite counter tops, and
new bathrooms, reducing near-term capital requirements for a new owner.
With an average in-place rent of approximately $1,021, well below Raleigh’s two-bedroom fair market rent of $1,646, the property offers a clear path for revenue growth through continued unit upgrades and market rent alignment.
White Oak Apartments represents an opportunity to acquire a well-located, stabilized multifamily asset with strong occupancy, proven demand, and meaningful value-add potential in a high-growth urban submarket.
