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Front 03
Kitchen 02
Kitchen 03
Kitchen 01
Kitchen 04
Enterance 02
Living 02
Living 01
Enterance 01
Bedroom 01a
Bedroom 01b
Bedroom 02a
Bedroom 02b
Bedroom 03a
Bedroom 03b
Bathroom 02
Bathroom 01
Bathroom 03
Bathroom 04
Closet 01
Closet 02
Closet 03
Front 01
Laundry 01
Front 02
Parking 01
Parking 02
Porch 01
Porch 02
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
4
On market date
August 22, 2026
Stories
N/A
Garage 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

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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 5 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.