GROVE AT CARY PARK APARTMENTS- 120 UNITS IN CARY, NC
SOLD 9/17/26 for $21,255,000
$177,125 per unit
DEATON represented the buyer in this off-market transaction. The Grove at Cary Park is a 120-unit LIHTC multifamily community located in the highly desirable Cary Park area of Cary, North Carolina. The property offers residents an attractive suburban setting within one of the Triangle’s most sought-after residential markets, with convenient access to Research Triangle Park, major employment centers, shopping and dining, and the broader Raleigh-Durham region. The acquisition provides the buyer with a well-located affordable housing asset in a high-growth market with significant barriers to new multifamily development.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 20 | 1 BD / 1 BA | 768 SF | $1,214 AVG |
| 60 | 2 BD / 2 BA | 1,028 SF | $1,453 AVG |
| 24 | 3 BD / 2 BA | 1,144 SF | $1,793 AVG |
| 16 | 4 BD / 3 BA | 1,392 SF | $1,922 AVG |
PROPERTY INFORMATION
| PIN | 0725928999 |
| Tax Value | 13,891,548 |
| Taxes | 2400 |
| Lot Size | 7.75 |
| Year Built | 2003 |
| Legal Description | PRCL MR-9 CARY PARK PUD BM2001-2277 |
| Sold Date | 2026-09-17 |
| Zoning | RMFP |
Agent Information Michael Deaton
Location Map
GROVE AT CARY PARK APARTMENTS- 120 UNITS IN CARY, NC
