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For Sale

Rock Quarry Landing

3501 Rock Quarry Road,
Raleigh, NC 27610
Represented by
Performance Real Estate Advisors

Asset Snapshot

Upper Mid-Scale
Multifamily Subtype
2024
Year Built
3
Floor Count
6
Building Count
13.62 Acres
Land Area
188 Units
Unit Count
286,901 SF
Property Size
95%
Occupancy

Offering Summary

Investment Overview

Performance Real Estate Advisors is pleased to present the opportunity to acquire the General Partner interest in Rock Quarry Landing, an affordable housing community located in Raleigh, North Carolina — the capital of North Carolina and anchor of the Research Triangle, one of the Southeast's most dynamic and consistently growing metropolitan economies. Rock Quarry Landing benefits from its position within a stable, well-established residential submarket where the surrounding area median income ranges from approximately $60,000 to $70,000, supporting healthy affordability spreads and consistent demand for quality, income-restricted housing. Raleigh's diversified economy — anchored by education, technology, healthcare, and government employment — continues to drive population growth and sustained housing demand throughout the broader metro area, providing a favorable long-term operating environment for the Property. This offering represents an attractive opportunity for an investor to acquire the General Partner interest in a well-located affordable housing asset within a growing Sun Belt market, with the potential to benefit from continued regional economic expansion, stable in-place affordability, and the operational and tax advantages associated with GP-level ownership.


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Listing Syndicated From

Buildout
Accepting Offers
$5,000,000
Asking Price

Investment Sales Broker

Dan Piatkowski
Performance Real Estate Advisors

Market Insights