Sterling Glenwood — Sale in Raleigh, NC
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Raleigh, NC 27612
Photos
Description
JLL, as exclusive advisor, is pleased to present the leasehold interest in Sterling Glenwood in Raleigh, NC, United States. The asset features tremendous renovation potential with 73% of the 254 units in classic or partially renovated condition with proven rent premiums. Over the last ten years, the asset has also seen approximately $7.4M in capital expenditures providing the next owner with the ability to focus on renovations and revenue driving enhancements. Locationally, the asset sits in the 9th most affluent zip code in the Triangle highlighted by median home prices in the surrounding neighborhoods sitting at $925k and $2.1M over the last year. Additionally sits just minutes from North Hills and Crabtree Mall providing tremendous nearby retail amenities. The opportunity provides additional upside beyond renovations through the additional development potential of the land. Current ownership has plans showing up to 196 additional units being added to the site. Sterling Glenwood presents investors with a clean asset, ripe for additional renovation and development sitting in one of the most affluent areas in Raleigh.
Market Context
This multifamily in Raleigh, NC is listed for sale. Compare it against other multifamily listings for sale in Raleigh, NC — view the full market.
As of Q1 2026, the Raleigh multifamily market showed average asking rents near $1551.00/unit/mo. Source: multiple brokerage reports, Q1 2026.
Contact
- Ryan Gavigan · 7049969183 · ryan.gavigan@jll.com
- Ben Bury · 7045262865 · ben.bury@jll.com
- John Mikels · 9199718262 · john.mikels@jll.com
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