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Sold for $765,000
  • $765,000

    718 S State St, Raleigh, NC 27601

    11beds
    5,040sqft
    Triplex
    Built in 2008
    -- sqft lot
    $752,800 Zestimate®
    $152/sqft
    $1,501 Estimated rent

    Home value

    $752,800

    $715,000 - $790,000

    $1,501/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Anson 919-335-3048,

    Northside Realty Inc.

    Bought with:

    Sibyl Russ, 138338

    EXP Realty LLC

    Source: Doorify MLS,MLS#: 10186311MLS 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
    • 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: $152/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

    Price history

    DateEventPrice
    10/1/2026Sold$765,000-1.3%$152/sqft
    Source: Doorify MLS #10186311 Report a problem
    9/1/2026Pending sale$775,000$154/sqft
    Source: Doorify MLS #10186311 Report a problem
    8/14/2026Listed for sale$775,000-28.5%$154/sqft
    Source: Doorify MLS #10186311 Report a problem
    8/15/2019Sold$1,083,500-9.3%$215/sqft
    Source: Public Record Report a problem
    6/26/2019Pending sale$1,195,000$237/sqft
    Source: ERA Dream Living Realty #000718 Report a problem
    5/31/2019Price change$1,195,000-7.7%$237/sqft
    Source: ERA Dream Living Realty #000718 Report a problem
    5/15/2019Listed for sale$1,295,000+321.1%$257/sqft
    Source: ERA Dream Living Realty #000718 Report a problem
    6/23/2017Sold$307,500-2.4%$61/sqft
    Source: Doorify MLS #2129768 Report a problem
    6/7/2017Listed for sale$315,000+26%$63/sqft
    Source: Coldwell Banker Howard Perry and Walston #2129768 Report a problem
    5/29/2015Sold$250,000-52.8%$50/sqft
    Source: Agent Provided Report a problem
    9/13/2014Listing removed$530,000$105/sqft
    Source: Premier Properties of the Triangle #1954133 Report a problem
    6/12/2014Listed for sale$530,000+52.1%$105/sqft
    Source: Premier Properties of the Triangle #1954133 Report a problem
    2/22/2012Sold$348,500+633.7%$69/sqft
    Source: Public Record Report a problem
    9/6/2006Sold$47,500$9/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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-- --
    Find assessor info on the county website

    Neighborhood: South Central

    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.

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    Estimated market value
    $752,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $752,800