Capstone Apartment Partners is pleased to offer the opportunity to acquire Pullen Station: a 100-unit studio apartment community ideally located between North Carolina State University and the skyscrapers of downtown Raleigh. Pullen Station offers a timeless infill location that has benefited tremendously from the in-place value-add program. As the demand for lower-cost housing options continues to increase, Pullen Station will be perfectly positioned and differentiated in the urban core submarket. With the majority of the heavy lifting complete and a proven interior value-add program nearly complete, new owners can immediately focus on driving NOI growth organically on renewals, while renovating the remaining units and improving the exterior space and amenity options. 

A Timeless Infill Location

Unique Floorplans and Differentiated Product

In-Place Value-Add Initiative to Build On 

Future Development Covered Land Opportunity

Hotel Conversion/Short Term Rental Opportunity