Opportunity! You have the ultimate power to dream and create your own vision of how to transform this 8 unit rental property on 0.86 acres! Income producing with current tenants in place or use this incredible lot that backs NC State Centennial Campus to develop your own creative living design. We've done the research and know the neighborhood! Please contact us with any questions!
Sold for $1,400,000 on 05/02/23
$1,400,000
721 Chappell Dr, Raleigh, NC 27606
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1963
-- sqft lot
$622,500 Zestimate®
$--/sqft
$1,216 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 11:21pm
Listed by:
Lauren Fours 919-414-0950,
Coldwell Banker Advantage,
Sharon Busch Bishop,
Coldwell Banker Advantage
Bought with:
Rhonda Barham, 68841
Coldwell Banker Advantage
Source: Doorify MLS,MLS#: 2494687
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Features
- Flooring: Carpet, Hardwood, Laminate
- Basement: Crawl Space
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Off Street
Features
- Has view: Yes
Details
- Zoning: R-10
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Block
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
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Estimated market value
$622,500