Lindsay Martin
← INNOVATE Real Estate
Front 03 - 720 S State Street, Raleigh, NC 27601, Raleigh
Kitchen 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Kitchen 03 - 720 S State Street, Raleigh, NC 27601, Raleigh
Kitchen 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Kitchen 04 - 720 S State Street, Raleigh, NC 27601, Raleigh
Enterance 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Living 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Living 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Enterance 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Bedroom 01a - 720 S State Street, Raleigh, NC 27601, Raleigh
Bedroom 01b - 720 S State Street, Raleigh, NC 27601, Raleigh
Bedroom 02a - 720 S State Street, Raleigh, NC 27601, Raleigh
Bedroom 02b - 720 S State Street, Raleigh, NC 27601, Raleigh
Bedroom 03a - 720 S State Street, Raleigh, NC 27601, Raleigh
Bedroom 03b - 720 S State Street, Raleigh, NC 27601, Raleigh
Bathroom 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Bathroom 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Bathroom 03 - 720 S State Street, Raleigh, NC 27601, Raleigh
Bathroom 04 - 720 S State Street, Raleigh, NC 27601, Raleigh
Closet 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Closet 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Closet 03 - 720 S State Street, Raleigh, NC 27601, Raleigh
Front 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Laundry 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Front 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Parking 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Parking 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
Porch 01 - 720 S State Street, Raleigh, NC 27601, Raleigh
Porch 02 - 720 S State Street, Raleigh, NC 27601, Raleigh
29 photos

$775,000

720 S State Street, Raleigh, NC 27601
Raleigh, NC 27601
Listed by Stephanie Anson · Northside Realty Inc.
Bedrooms
11
Bathrooms
12
Living area
N/A
Year built
2008

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

Property details

MLS #
10188078
Property type
Triplex
Subdivision
Watsons Lands
Status
Active
Days on market
6
On market date
August 22, 2026
Stories
N/A
Total bathrooms
12
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.18 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Hunter Elementary
0.27 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
601
Student:teacher ratio
14.0:1
District
Wake County Schools
Middle
Ligon Middle
0.12 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
952
Student:teacher ratio
15.1:1
District
Wake County Schools
High
Enloe High
1.48 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,416
Student:teacher ratio
17.0:1
District
Wake County Schools

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,817/mo
$155,000 down
$620,000 loan
Principal & interest$4,021
Property tax (est.)$646
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.