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Garden Place is more than a rental property; it is a high-performance financial instrument. By combining a 2.17 DSCR with an irreplaceable NCSU location and guaranteed income through mid-2027, this asset provides the transparency and security that the 2026 market demands. In a volatile interest rate environment, Garden Place offers a safe harbor for investors seeking capital preservation without sacrificing yield. As a developer-built asset, every aspect of this portfolio has been engineered to maximize Debt Service Coverage and minimize operational risk. Steps from the NC State University Belltower, this property sits in the most supply-constrained student housing pocket in Raleigh. Its "walkable" status to the campus core ensures a permanent waitlist and zero-vacancy historic performance. The portfolio is currently 100% leased through June 2027, providing the new owner with nearly 16 months of guaranteed, uninterrupted revenue. The property is professionally managed at a 24.3% expense ratio, significantly outperforming market averages.

Highlights

  • Residential Income
  • Duplex
  • New Construction
  • Built in 2024
  • 0.23 Acre Lot
  • 5 days on Market

  • Bedrooms
    10
  • Bathrooms
    10 full · 1 half
  • Year Built
    2024
  • Stories
    2.0
  • Construction Materials
    HardiPlank Type
  • Foundation
    Slab
  • Parking Features
    Driveway, Off Street
  • Living Area
    5126.0
  • Interior Features
    High Speed Internet, Ceiling Fan(s), Walk-In Closet(s), Pantry, Kitchen Island, Recessed Lighting, High Ceilings, Open Floorplan
  • Appliances
    Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Range, Disposal, Freezer, Washer/Dryer, Electric Oven, Stainless Steel Appliance(s)
  • Flooring
    Vinyl
  • Patio And Porch
    Deck, Porch
  • Cooling
    Central Air
  • Heating
    Central

  • Acres
    0.23
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 2209 Garden Pl?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2209 Garden Pl.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2209 Garden Pl?

Click Ask a Question to talk with our team. You already know it is a 10 bed, 10 bath, listed for $2,495,000. We can talk through recent upgrades, potential seller motivation, how this duplex compares to others in Raleigh, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 2209 Garden Pl?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 2209 Garden Pl at around $15,180. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2209 Garden Pl?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Wake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2209 Garden Pl?

In most cases, yes. Whether 2209 Garden Pl is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Raleigh's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2209 Garden Pl?

We can handle that for you. Our preferred local agent specializes in residential incomes in Raleigh and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,495,000 with 5,126 sqft of space—that comes out to approximately $487 per square foot.

How long has this property been on the market?

2209 Garden Pl was listed on November 10, 2026, which means it's been on the market for 5 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2024, making it approximately 2 years old.

What is the lot size of this property?

2209 Garden Pl sits on a 0.23-acre lot, which is 10,019 square feet.

What are the property taxes for 2209 Garden Pl?

The most recent public record shows annual property taxes for 2209 Garden Pl were approximately $11,783. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 2209 Garden Pl still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Triangle MLS. All rights reserved.

Last Updated: November 15, 2026 at 10:17AM | Source: Triangle MLS | MLS#: 10202650