Copy of Flats at Quarry Hill_AI Design_I - 803 Martin Luther King Junior Boulevard, Raleigh, NC 27601
Flats at Quarry Hill_AI Design_Img 16 - 803 Martin Luther King Junior Boulevard, Raleigh, NC 27601
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Flats - Architecture Diagrams - 803 Martin Luther King Junior Boulevard, Raleigh, NC 27601
6 photos

$599,999

803 Martin Luther King Junior Boulevard, Raleigh, NC 27601
Raleigh, NC 27601
Listed by Prabha Shankaran · Compass -- Raleigh
Bedrooms
3
Bathrooms
3.5
Living area
N/A
Year built
2026

About this home

FINAL 3 UNITS AVAILABLE! The Flats at Quarry Hill is an exclusive boutique development featuring four modern townhome-style condominiums engineered for elevated city living and optimized investor return. Located at the strategic intersection of Martin Luther King Jr. Boulevard and State Street, these residences sit directly in the path of Downtown Raleigh's prime growth corridor. Each multi-level residence features 1,849 heated square feet across four levels, including attached garaged space, private rooftop terrace, and low-maintenance luxury construction designed to maximize long-term valuation and rental returns. Short-Term Rental (STR) Permitted: Flexible rental policy positioned to capture Raleigh's booming short-term stay market. High-Demand Tenant Pool: Ideal proximity for NC State visitors, business travelers, medical professionals, and weekend tourists. Low Maintenance Exterior: Condominium ownership structure with modern, durable construction ensuring lower long-term maintenance costs. Exclusive Supply: Limited availability of only 4 total residences creates immediate scarcity and strong rental power. Listing Contacts 2 other units - 805 Martin Luther King Jr Blvd & 807 Martin Luther King Jr Blvd

Highlights

New construction

Property details

MLS
Doorify MLS
MLS #
10196250
Property type
Condominium
Subdivision
To Be Added
Status
Active
Days on market
76
On market date
October 2, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
1
Parking spaces
1
Lot size
0.19 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hunter Elementary
0.47 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
601
Student:teacher ratio
14.0:1
District
Wake County Schools
Middle
Ligon Middle
0.32 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
952
Student:teacher ratio
15.1:1
District
Wake County Schools
High
Enloe High
1.6 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,416
Student:teacher ratio
17.0:1
District
Wake County Schools

Walkability

Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores4
Parks17
Schools19
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Raleigh, from live MLS data.

On the market 76 days -- 13 fewer days than Raleigh's current average of 89 days.
For reference, the median list price across 2,873 active listings in Raleigh right now is $379,900.

Mortgage calculator

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Est. monthly payment
$3,763/mo
$120,000 down
$479,999 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 15 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.