Skip main navigation
For sale
    • $775,000

    720 S State St, Raleigh, NC 27601

    11beds
    5,040sqft
    : 
    $4,663/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 2008
    -- sqft lot
    $820,600 Zestimate®
    $154/sqft
    $-- HOA

    What's special

    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
    21 hours
    |
    83
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Anson 919-335-3048,

    Northside Realty Inc.

    Source: Doorify MLS,MLS#: 10188078MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 12
      • Full bathrooms: 12
      Heating
      • Forced Air, None
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Refrigerator
      • Laundry: In Unit
      Features
      • Bathtub/Shower Combination
      • Flooring: Vinyl
      • Basement: Concrete
      Interior area
      • Total structure area: 5,040
      • Total interior livable area: 5,040 sqft
      • Finished area above ground: 5,040
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 6
      • Parking features: Parking Lot
      • Uncovered spaces: 6
      Features
      • Levels: Two
      • Stories: 2
      • Has view: Yes
      Lot
      • Size: 7,840 Square Feet
      Details
      • Parcel number: 171309152796000 0013722
      • Zoning: R-10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Concrete Perimeter
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2008

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Watsons Lands
      HOA
      • Has HOA: No
      Location
      • Region: Raleigh

      Financial & listing details

      • Price per square foot: $154/sqft
      • Tax assessed value: $720,115
      • Annual tax amount: $6,340
      • Date on market: 8/22/2026
      • Lease term: 12 Months

        Estimated market value

        $820,600

        $747,000 - $903,000

        $2,585/mo

        Price history

        DateEventPrice
        8/22/2026Listed for sale$775,000-26.2%$154/sqft
        Source: Doorify MLS #10188078 Report a problem
        1/11/2025Listing removed$1,200
        Source: Zillow Rentals Report a problem
        11/22/2024Listed for rent$1,200-7.7%
        Source: Zillow Rentals Report a problem
        11/18/2024Listing removed$1,300
        Source: Zillow Rentals Report a problem
        11/1/2024Price change$1,300-27.8%
        Source: Zillow Rentals Report a problem
        10/17/2024Listed for rent$1,800
        Source: Zillow Rentals Report a problem
        1/1/2023Listing removed--
        Source: Doorify MLS #2475712 Report a problem
        9/23/2022Listed for sale$1,050,000+233.3%$208/sqft
        Source: Doorify MLS #2475712 Report a problem
        3/4/2022Listing removed--
        Source: Zillow Rental Network Premium_1 Report a problem
        2/9/2022Listed for rent$1,800
        Source: Zillow Rental Network Premium_1 Report a problem
        6/23/2017Sold$315,000+8.6%$63/sqft
        Source: Public Record Report a problem
        12/15/2016Sold$290,000+0.3%$58/sqft
        Source: Doorify MLS #2097812 Report a problem
        11/14/2016Pending sale$289,000$57/sqft
        Source: Premier Properties #2097812 Report a problem
        11/7/2016Listed for sale$289,000+7.4%$57/sqft
        Source: Premier Properties #2097812 Report a problem
        8/7/2015Sold$269,000-45.1%$53/sqft
        Source: Public Record Report a problem
        9/6/2012Listing removed$490,000$97/sqft
        Source: TradeMark Properties #1840788 Report a problem
        6/12/2012Listed for sale$490,000$97/sqft
        Source: TradeMark Properties #1840788 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,340 +0.4%$720,115
        2024$6,314 +19%$720,115 +49.7%
        2023$5,305 +7.6%$481,162
        2022$4,932 +4%$481,162
        2021$4,742 +1.8%$481,162
        2020$4,656 $481,162 +95.6%
        2019-- $246,048
        2018-- $246,048
        2017$2,620 +2.1%$246,048
        2016$2,567 $246,048 -1.5%
        2015-- $249,754 -0.9%
        2014$2,534 $251,939
        2013-- $251,939
        2012-- $251,939
        2011-- $251,939
        2010-- $251,939 +112.2%
        2009-- $118,700
        2008-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: South Central

        Getting around

        47 / 100
        Car-Dependent
        60 / 100
        Good Transit
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Hunter Elementary
        • Middle: Wake - Ligon Middle
        • High: Wake - William G Enloe High

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Raleigh Topics

                Search
                Updates
                Favorites
                Plan
                Inbox