Skip main navigation
Sold for $765,000
  • $765,000

    720 S State St, Raleigh, NC 27601

    12beds
    5,040sqft
    Triplex
    Built in 2008
    -- sqft lot
    $764,600 Zestimate®
    $152/sqft
    $1,640 Estimated rent

    Home value

    $764,600

    $726,000 - $803,000

    $1,640/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $1,640/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,640/mo

    Rent Zestimate®

    Refinance and save

    $4,766/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $4,766/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    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

    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#: 10188078MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 11
    • Full bathrooms: 12
    Heating
    • Forced Air, None
    Cooling
    • Central Air
    Appliances
    • Included: Electric Range, Refrigerator
    • Laundry: In Unit
    Features
    • Bathtub/Shower Combination
    • Flooring: Luxury 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
    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
    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: $152/sqft
    • Tax assessed value: $720,115
    • Annual tax amount: $6,340
    • Date on market: 8/22/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Lease term: 12 Months
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    10/1/2026Sold$765,000-1.3%$152/sqft
    Source: Doorify MLS #10188078 Report a problem
    9/1/2026Pending sale$775,000$154/sqft
    Source: Doorify MLS #10188078 Report a problem
    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+9%$63/sqft
    Source: Public Record Report a problem
    12/16/2016Listing removed$289,000$57/sqft
    Source: Premier Properties #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

    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.

    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
    $764,600
    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
    $764,600