720 S State Street, Raleigh, NC 27601

Raleigh
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
720 S State Street,Raleigh, NC 27601
$775,000
  • 11 Beds
  • 12 Baths
  • 5,040 sq. ft.
  • Multi-family
  • Active
Listed by: stephanie anson
Office: northside realty inc.
MLS#:10188078
Source:RD

Price summary

  • Price:$775,000
  • Price per sq. ft.:$153.77

About this home

Opportunity is knocking, and it's already collecting rent. Amazing opportunity to own a Triplex located near Downtown Raleigh. Three fully leased units, minutes from downtown Raleigh, with $5,670/month in combined income ($68,040/year) already in place with leases into 2027. Unit 101: 4BR/4BA at $1795/mo. Unit 102: 4BR/4BA at $1,795/mo. Unit 103: 3BR/4BA at $1,695/mo. Bring your calculator and your offer Opportunities like this do not last long! Tenant occupied. Do not disturb tenants. Also check out building 718 S State St

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Home facts

  • Year built:2008
  • Subdivision & Development:Watsons Lands
  • Listing ID #:10188078
  • Added:1 day(s) ago
  • Updated:August 22, 2026 at 03:37 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:12
  • Full bathrooms:12
  • Flooring:Luxury Vinyl
  • Bathrooms Description:Bathtub/Shower Combination
  • Kitchen Description:Electric Range, Refrigerator
  • Basement:Yes
  • Basement Description:Concrete
  • Living area:5,040 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2008
  • Building area:5,040 sq. ft.
  • Lot area:0.18 Acres
  • Construction Materials:Vinyl Siding
  • Foundation Description:Concrete Perimeter
  • Levels:Two

Schools

  • High school:Wake - William G Enloe High
  • Middle school:Wake - Ligon Middle
  • Elementary school:Wake - Hunter Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$153.77
  • Tax amount:$6,340

Features and amenities

  • Laundry features:In Unit

Parking

  • Parking description:Parking Lot
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