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720 S State Street, Raleigh, NC 27601

Raleigh
Local realty services provided by:CENTURY 21 New Beginnings
720 S State Street,Raleigh, NC 27601
$775,000
  • 11 Beds
  • 12 Baths
  • 5,040 sq. ft.
  • Multi-family
  • Pending
Listed by: stephanie anson
Office: northside realty inc.
MLS#:10188078
Source:RD

Price summary

  • Price:$775,000
  • Price per sq. ft.:$153.77

About this home

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

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Home facts

  • Year built:2008
  • Subdivision & Development:Watsons Lands
  • Listing ID #:10188078
  • Added:21 day(s) ago
  • Updated:September 12, 2026 at 07:32 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:12
  • Full bathrooms:12
  • Flooring:Luxury Vinyl
  • Bathrooms Description:Bathtub/Shower Combination
  • Kitchen Description:Electric Range, Refrigerator
  • Basement:Yes
  • Basement Description:Concrete
  • Living area:5,040 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2008
  • Building area:5,040 sq. ft.
  • Lot area:0.18 Acres
  • Construction Materials:Vinyl Siding
  • Foundation Description:Concrete Perimeter
  • Levels:Two

Schools

  • High school:Wake - William G Enloe High
  • Middle school:Wake - Ligon Middle
  • Elementary school:Wake - Hunter Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$153.77
  • Tax amount:$6,340

Features and amenities

  • Laundry features:In Unit

Parking

  • Parking description:Parking Lot
MLS LogoListings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2026 Doorify MLS of North Carolina. All rights reserved. RD Member Broker: Ellisha Mayers

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