Positioned in the rapidly growing urban core of Raleigh, 804 Cotton Place presents a compelling investment opportunity to acquire this condo duo for your income-producing asset in one of the city's most dynamic neighborhoods. This brand-new contemporary residence offers over 2,000 square feet, 4 bedrooms and 3.5 bathrooms per unit--ideal for attracting strong rental demand from professionals, roommates, or short-term tenants. Designed with broad tenant appeal in mind, the open-concept layout, abundant natural light, and modern finishes create a turnkey living experience. The chef-style kitchen is outfitted with quartz countertops, stainless steel appliances, and smart home features--highly desirable amenities that support premium rental positioning. Multiple living areas, including a dedicated office and flexible spaces, provide versatility for co-living arrangements or work-from-home tenants, increasing rental value and occupancy potential. The primary suite and additional well-appointed bedrooms offer privacy and comfort, while design-forward bathrooms and contemporary fixtures enhance long-term tenant satisfaction. Outdoor features, including shared green space and skyline views, further elevate the property's marketability. Located just minutes from Downtown Raleigh, the property benefits from proximity to major lifestyle drivers such as Transfer Co. Food Hall, Raleigh Wine Shop, and Roshambo, all contributing to consistent rental demand. Additionally, a planned City of Raleigh redevelopment nearby--including retail, grocery, and community space--positions this asset for future appreciation and increased tenant desirability. Whether purchased as a primary rental, short-term income property, or as part of a multi-unit investment strategy, 804 Cotton Place offers strong income potential, modern construction with minimal maintenance, and a prime location in one of the Southeast's fastest-growing markets. Photos are representative and selections may differ. Please reach out for exact selections for this unit.
New construction
$1,618,000
804 Cotton Pl, Raleigh, NC 27601
8beds
4,054sqft
Est.:
Condominium, Multi Family, Duplex, Townhouse
Built in 2026
8,276.4 Square Feet Lot
$1,582,900 Zestimate®
$399/sqft
$100/mo HOA
What's special
Modern finishesContemporary fixturesBrand-new contemporary residenceAbundant natural lightChef-style kitchenDedicated officeWell-appointed bedrooms
- 8 days |
- 111 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Jason Queen 919-606-2905,
Monarch Realty Co.
Source: Doorify MLS,MLS#: 10161074
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 6
- 1/2 bathrooms: 2
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Built-In Electric Oven, Cooktop, Dishwasher, Double Oven, ENERGY STAR Qualified Dishwasher, Exhaust Fan, Gas Cooktop, Gas Water Heater, Ice Maker, Oven, Plumbed For Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven, Smart Appliance(s), Stainless Steel Appliance(s), Tankless Water Heater
- Laundry: In Hall, Inside, Upper Level
Features
- Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, In-Law Floorplan, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Master Downstairs, Quartz Counters, Recessed Lighting, Second Primary Bedroom, Separate Shower, Shower Only, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
- Flooring: Carpet, Ceramic Tile, Vinyl, Simulated Wood
- Number of fireplaces: 1
- Fireplace features: Electric, Living Room
- Common walls with other units/homes: 1 Common Wall, End Unit
Interior area
- Total structure area: 4,054
- Total interior livable area: 4,054 sqft
- Finished area above ground: 4,054
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Additional Parking, Attached, Concrete, Driveway, Garage, Garage Door Opener, Off Street, On Street, Paved, Tandem
- Attached garage spaces: 2
- Uncovered spaces: 2
Accessibility
- Accessibility features: Aging In Place, Level Flooring, Visitor Bathroom
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Deck, Front Porch, Patio, Rear Porch
- Exterior features: Balcony, Lighting
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: City
Lot
- Size: 8,276.4 Square Feet
- Dimensions: 50 x 162 x 50 x 162
- Features: Back Yard, City Lot, Cleared, Few Trees, Hardwood Trees, Level, Near Public Transit, Rectangular Lot
Details
- Additional structures: None
- Parcel number: 171305089540000 0055326
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Condominium, Multi Family, Duplex, Townhouse
Materials
- Concrete, Fiber Cement
- Foundation: Concrete, Slab
- Roof: Shingle
Condition
- New construction: Yes
- Year built: 2026
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Features: Historical Area, Park, Playground, Restaurant, Street Lights
- Subdivision: Not in a Subdivision
HOA
- Has HOA: Yes
- Amenities included: None
- Services included: Insurance, Maintenance Grounds
- HOA fee: $100 monthly
- Additional fee info: Second HOA Fee $1000 One Time
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $399/sqft
- Tax assessed value: $355,795
- Annual tax amount: $3,122
- Date on market: 4/17/2026
- Road surface type: Asphalt, Paved
Estimated market value
$1,582,900
$1.50M - $1.66M
$1,833/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Listed for sale | $1,618,000+534.5%$399/sqft |
Source:  Doorify MLS #10161074 Report a problem | ||
| 3/8/2026 | Listing removed | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 3/7/2026 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 10/31/2024 | Sold | $255,000-7.3%$63/sqft |
Source: Doorify MLS #10049317 Report a problem | ||
| 10/11/2024 | Pending sale | $275,000$68/sqft |
Source: Doorify MLS #10049317 Report a problem | ||
| 10/11/2024 | Price change | $275,000-31.2%$68/sqft |
Source: Doorify MLS #10049317 Report a problem | ||
| 9/26/2024 | Listed for sale | $399,900$99/sqft |
Source: Doorify MLS #10049317 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,571 +0.4% | $355,795 |
| 2024 | $1,565 +43.2% | $355,795 +80.8% |
| 2023 | $1,093 +7.5% | $196,826 |
| 2022 | $1,016 +4% | $196,826 |
| 2021 | $978 +1.8% | $196,826 |
| 2020 | $960 +27.2% | $196,826 +55.2% |
| 2019 | $755 | $126,809 |
| 2018 | -- | $126,809 |
| 2017 | $680 +2% | $126,809 |
| 2016 | $666 +103.6% | $126,809 +113.8% |
| 2015 | $327 +5.1% | $59,304 |
| 2014 | $311 | $59,304 |
| 2013 | -- | $59,304 |
| 2012 | -- | $59,304 |
| 2011 | -- | $59,304 |
| 2010 | -- | $59,304 |
| 2009 | -- | $59,304 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$8,987/mo
Principal & interest
$7970
Property taxes
$917
HOA Fees
$100
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Climate risks
Neighborhood: South Central
Nearby schools
GreatSchools rating
- 7/10Root Elementary SchoolGrades: PK-5Distance: 3.5 mi
- 7/10Ligon MiddleGrades: 6-8Distance: 0.5 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Wake - Root
- Middle: Wake - Ligon
- High: Wake - Broughton
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.
- North Carolina
- Wake County
- Raleigh
- 27601
- South Central
- 804 Cotton Pl
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