Fox Rd Townhouse Portfolio

6120 Fox Road, Raleigh, NC 27616

Property Information

  • For Sale $4,500,000
  • Property Type Multi-Family
  • Property Size 22,950 SF
  • Units 12
  • Lot Size 1.37 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2023
  • Date Updated May 13, 2026

Description

Located in the heart of North Raleigh, this portfolio sits within one of the region’s fastest-growing residential corridors. The Fox Road and Malone Court area offers a balance of strong rental demand, high-income demographics, and immediate connectivity to I-540, US-401, and Capital Boulevard. Residents benefit from close proximity to Research Triangle Park, WakeMed North Hospital, and the Triangle Town Center retail district, while nearby employers, schools, and recreational amenities create consistent long-term leasing demand. Raleigh continues to rank among the top metros in the country for population and job growth, fueled by expanding technology, healthcare, and education sectors. With limited new townhome inventory and strong absorption, this location provides an ideal setting for both stable income and long-term appreciation.Introducing a rare investment opportunity in North Raleigh — a newly constructed twelve-unit townhome portfolio along Fox Road and Malone Court. Completed in 2023, the property spans approximately 22,950 square feet across three buildings and is fully occupied, producing strong in-place income from day one. Each unit is individually deeded, giving investors flexibility to hold as a stabilized rental portfolio or sell units individually to capture retail-level pricing. This feature creates a unique balance of current cash flow and future optionality rarely found in today’s market. Zoned R-10 and surrounded by strong housing demand, this offering represents a modern, low-maintenance asset positioned for both yield and appreciation. With 100% occupancy, recent construction, and minimal operating overhead, it stands as one of the few true turnkey opportunities in North Raleigh

Highlights

  • ±22,950 SF across three newly constructed buildings
  • 100% leased, generating immediate income with minimal overhead
  • Built in 2023 — modern design and low-maintenance construction
  • Flexibility to sell units individually and establish an HOA for retail disposition
  • Located near I-540, major employment hubs, and Triangle Town Center
  • Turnkey investment offering both stable cash flow and long-term appreciation
  • Twelve fee-simple townhome units, each deeded separately
  • Zoned R-10 in the high-growth North Raleigh corridor

Contacts

Brant Ruben

CityPlat Brokerage

Location

Located at 6120 Fox Road, Raleigh, NC 27616, this property is part of the Village of Fox Run neighborhood and Raleigh Durham market.

Contact Listing Broker
Brant Ruben

CityPlat Brokerage

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