Oakway Townhomes Sell Out as Investors Target Raleigh Growth

All duet-style townhomes at Oakway are officially sold out, underscoring strong buyer and investor demand for modern, low-maintenance living just five minutes from Raleigh’s urban core. With single-family homes still available, Oakway continues to offer a rare opportunity to secure high-quality new construction in one of the Triangle’s fastest-growing corridors.

Raleigh, NC – Chappell announced today that every duet-style townhome at Oakway has officially sold out, marking a major milestone for the Downtown Raleigh home collection. The achievement underscores strong buyer and investor demand for thoughtfully designed, low-maintenance residences in one of the Triangle’s fastest-growing urban corridors.

Located just five minutes from the heart of Raleigh at 1000 Addison Place, Oakway launched with a mix of duet-style townhomes and single-family homes, offering buyers flexibility across multiple price points and floor plans. The now-sold-out townhomes featured three- to four-bedroom layouts starting in the mid-$500,000s and quickly attracted both owner-occupants and residential investors seeking modern builds with commuter-friendly access to the city core.

Construction is still underway on the remaining single-family homes, while its first move-in-ready homes at 1012 and 1016 Addison Place were completed near the end of 2025 and are now available to self-tour virtually anytime via Chappell Keys.

Oakway has proven to be exactly what today’s buyers and investors are looking for… The sellout of every townhome plan speaks to how well this location, lifestyle, and level of craftsmanship resonated with the market.

 

– Johnny Chappell, Owner of Chappell

 

“Oakway has proven to be exactly what today’s buyers and investors are looking for,” said Johnny Chappell, Owner and Founder of Chappell. “From a residential investment standpoint, this community offered a smart opportunity to root ROI in Raleigh’s continued growth. For homeowners, it delivered modern, lock-and-leave living just minutes from Downtown. The sellout of every townhome plan speaks to how well this location, lifestyle, and level of craftsmanship resonated with the market.”

WHAT’S NEXT AT OAKWAY

While townhomes are fully sold, Oakway’s single-family homes are still available. These remaining residences offer four- to five-bedroom floor plans starting in the high-$900,000s and showcase the same commitment to quality construction and thoughtful design. Buyers can expect spacious layouts, high-end finishes, private outdoor areas, and garages that support easy commuting, all delivered by trusted local partners.

“Oakway’s single-family homes continue that same elevated standard,” Chappell added. “They are exceptional builds, designed for buyers who want more space without giving up proximity to Downtown Raleigh. Whether you are purchasing a primary residence or evaluating long-term value, these homes represent a rare opportunity in today’s market.”

INVESTOR-READY OPPORTUNITIES

Beyond Oakway, Chappell continues to offer investor-friendly package pricing on cutting-edge residential construction, helping connect everyone from first-time buyers to experienced investors with embedded infill inventory across the Triangle.

The team specializes in identifying and delivering thoughtfully designed new-construction opportunities that support passive-income goals while also contributing much-needed housing inventory for Greater Raleigh residents. By pairing modern builds with strategic locations and streamlined pricing structures, Chappell makes residential investing more accessible, scalable and sustainable.

Current Investor Opportunities Represented by Chappell 

• Wrenwood: Duet-style townhomes in Raleigh near NC State University, designed for low-maintenance ownership and strong rental demand.
• Oberlin Heights: Brownstone-style townhomes near the Village District, offering premium positioning in a highly desirable infill location.
• Durant Towns: Townhomes in North Raleigh, with multiple residences already leased, providing immediate income potential.
• IDYLE: Net-Zero Energy Ready townhomes directly in Downtown Raleigh, combining sustainability with long-term operating efficiency.
• North & Broadway: Modern townhomes in Downtown Durham, positioned near employment centers, dining, and cultural hubs.

All of the communities above are not bound by rental restrictions and are cleared for short-term rentals like Airbnb, Vrbo, etc. Investors interested in a full breakdown of current pricing packages, projected performance, and upcoming residential opportunities are encouraged to connect directly with a Chappell agent for personalized guidance.

MORE TRIANGLE RESIDENTIAL COLLECTIONS INCOMING

Chappell and its development partners are currently delivering multiple Missing Middle home collections across the Triangle, all varying in build type and price point. 

Coker Place, the largest-scale development from Chappell and its development partners, Lock 7 Development, launched earlier this year and is bringing over 100 new townhomes and condominiums to Chapel Hill. This is one of the few new residential opportunities in the area to offer rooftop living, paired with immediate access to trails, top schools, shops and the University of North Carolina campus. Construction has already begun on the first homes, which are scheduled for delivery by Spring 2026.

In North Raleigh, Mitchell Mill is establishing a contemporary townhome community of 14 designer builds in North Raleigh. The development launched earlier this month, and sales have already begun. Construction is well underway on-site, and the first craftsman-style townhomes are on track to deliver by Spring. Closer to Downtown Raleigh, the team is developing Oberlin Villas, a boutique collection of four duet-style luxury builds coming to 1808 Oberlin Road, and Proximity Pointe, a boutique townhome collection coming to 1534 Kirkland Road in East Raleigh.

For more information on every upcoming residential development the team is bringing to market in the coming months, please contact a member of the Chappell team directly and explore our Chappell VIP page.

The Oakway development team includes Hatteras Holdings (developer), Homes by Hatteras (builder), Tightlines Designs (architect), Midtown Law (preferred attorney), and Chappell (sales and marketing). For more information about Oakway, or to join the interest list, visit OakwayRaleigh.com or call 919.877.6148.