Contacts
Property Details
- Property Type Other
- Property Size 821 SF
- Lot Size 15.11 SF
- Year Built 1972
- Date Updated Apr 14, 2025
160 Units With Significant Value-Add Upside In High Growth Raleigh, NC
Colliers is pleased to present Westchester Apartments, a 160-unit garden style community with immediate value-add upside in one of the fastest growing submarkets of Raleigh, NC. Situated close to the state capitol building and major employers in downtown Raleigh, Westchester offers new ownership the ability to quickly push top-line revenue through targeted unit interior revenue-generating renovations. All 160 units feature laminate countertops, oak cabinets, hardwood-style floors, and black appliances. Strategic upgrades such as modern white cabinets, higher-end laminate or granite countertops, backsplash, a tech package, and stainless steel appliances unlock over $275,000 in additional untapped annual revenue.
Well-maintained and offering a comprehensive amenity package, Westchester has a proven track record of consistent rent growth and stable occupancy, averaging 94% over the last 12 months. New ownership can leverage excellent organic rent growth (7% on new leases and 3% on renewals over the last 3 months), strong market rent growth (averaging 3.73% annually from 2026 to 2028), and substantial positive net migration in Raleigh to time value-add improvements and maximize renovation premiums. Positioned in an affluent submarket ($99,000 AAHI within a 5-mile radius), Westchester represents a perfect value-add opportunity.
94% Occupied (Historical Average Occupancy)
Reach out to the broker for more info on lease terms and amenities
Getting around
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53/100
Walk Score ®
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35/100
Bike Score ®
Location
- City Garner, NC
- Neighborhood Forest Hills
- Zip Code 27529
- Market Raleigh Durham
Points of Interest
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Raleigh
5.24 miles
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Exxon
0.68 miles
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Lowe's Food Gas Station
1.35 miles
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Shell
1.54 miles
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Speedway
1.73 miles
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Marathon
2.07 miles
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Sheetz
2.08 miles
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Red Star
2.13 miles
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Murphy USA
2.15 miles
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PowerCharge
5.18 miles
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Nash Square Charging Station
5.24 miles
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Charter Square Parking Deck
4.87 miles
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Convention Center Underground Deck
4.88 miles
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City Center Parking Deck
4.92 miles
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Red Hat Tower Public Parking
4.96 miles
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Cabarrus Deck
4.96 miles
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City Market Lot
5.01 miles
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Blount Street Parking Deck
5.03 miles
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The Lincoln Parking Deck
5.06 miles
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E. Martin Lot
5.07 miles
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E. Hargett Lot
5.10 miles
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Hampton
1.67 miles
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Tru by Hilton
1.76 miles
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InTown Suites Extended Stay Garner
1.84 miles
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Best Western
1.89 miles
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Wingate by Wyndham Garner/Raleigh South
1.89 miles
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Econo Lodge
1.98 miles
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Days Inn by Wyndham Raleigh South
2.11 miles
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Budget Inn
3.09 miles
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Claremont Motel
3.29 miles
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Super 8 by Wyndham Raleigh Downtown
3.46 miles
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Food Lion
0.30 miles
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Lidl
1.17 miles
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Target
1.24 miles
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ALDI
1.28 miles
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Lowes Foods
1.36 miles
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Belk
2.31 miles
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Walmart Supercenter
2.35 miles
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Big Lots
2.36 miles
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TJ Maxx
2.41 miles
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Ross
2.43 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
