Pending

$775,000

718 S State St, Raleigh, NC 27601

11beds

5,040sqft

$4,663/mo

Get pre-qualified

Triplex

Built in 2008

-- sqft lot

$753,600 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 monthly income already in place and leases into 2027. Bring your calculator because opportunities like this do not last long! Tenant occupied. Do not disturb tenants. 24 hour notice required, 48 hours preferred. Photos taken before tenant occupancy.

25 days
1,162
115

Likely to sell faster than

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

Open Floorplan, Bathtub/Shower Combination
Flooring: Luxury Vinyl
Common walls with other units/homes: 2+ Common Walls

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: 3
Parking features: Parking Lot
Uncovered spaces: 3

Features

Levels: Tri-Level

Lot

Size: 7,405 Square Feet

Details

Parcel number: 171309152891000 0013721
Zoning: R-10
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Vinyl Siding
Foundation: Concrete Perimeter, Slab
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: $810,134
Annual tax amount: $7,125
Date on market: 8/14/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Lease term: 6 Months
Tenant pays: All Utilities

Estimated market value

$753,600

$716,000 - $791,000

$1,491/mo

Price history

Date	Event	Price
9/1/2026	Pending sale	$775,000$154/sqft
Source: Doorify MLS #10186311 Report a problem
8/14/2026	Listed for sale	$775,000-28.5%$154/sqft
Source: Doorify MLS #10186311 Report a problem
8/15/2019	Sold	$1,083,500-9.3%$215/sqft
Source: Public Record Report a problem
6/26/2019	Pending sale	$1,195,000$237/sqft
Source: ERA Dream Living Realty #000718 Report a problem
5/31/2019	Price change	$1,195,000-7.7%$237/sqft
Source: ERA Dream Living Realty #000718 Report a problem
5/15/2019	Listed for sale	$1,295,000+321.1%$257/sqft
Source: ERA Dream Living Realty #000718 Report a problem
6/23/2017	Sold	$307,500-2.4%$61/sqft
Source: Doorify MLS #2129768 Report a problem
6/7/2017	Listed for sale	$315,000+26%$63/sqft
Source: Coldwell Banker Howard Perry and Walston #2129768 Report a problem
5/29/2015	Sold	$250,000-52.8%$50/sqft
Source: Agent Provided Report a problem
9/13/2014	Listing removed	$530,000$105/sqft
Source: Premier Properties of the Triangle #1954133 Report a problem
6/12/2014	Listed for sale	$530,000+52.1%$105/sqft
Source: Premier Properties of the Triangle #1954133 Report a problem
2/22/2012	Sold	$348,500+633.7%$69/sqft
Source: Public Record Report a problem
9/6/2006	Sold	$47,500$9/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,125 +0.4%	$810,134
2024	$7,096 +19.8%	$810,134 +50.6%
2023	$5,922 +7.6%	$537,807
2022	$5,505 +4%	$537,807
2021	$5,293 +1.8%	$537,807
2020	$5,197	$537,807 +118.6%
2019	--	$246,048
2018	--	$246,048
2017	$2,620 +2.1%	$246,048
2016	$2,567 -3%	$246,048 -1.5%
2015	$2,646 +3.6%	$249,754 -0.9%
2014	$2,554	$251,939
2013	--	$251,939
2012	--	$251,939
2011	--	$251,939
2010	--	$251,939 +112.2%
2009	--	$118,700
2008	--	--