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$765,000
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Property Description
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 monthly income already in place and leases into 2027. Bring your calculator because opportunities like this do not last long! Tenant occupied. Do not disturb tenants. 24 hour notice required, 48 hours preferred. Photos taken before tenant occupancy.
Full Property Details
Full Property Details for 718 S State St
General
- Sold For: $765,000
- Taxes: $7,125 (2025)
- Status: Closed
- Type: Triplex
- Source: 2218
- MLS ID: 10186311
- Added to Site: 59 day(s) ago
Rental Information
- Lease/Rent Term: 6 Months
Interior
- Interior Features: Bathtub/Shower Combination, Open Floorplan
- Appliances: Electric Range, Refrigerator
- Flooring: Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 12
Bedrooms
- Total Bedrooms: 11
Other Rooms
- Laundry: In Unit
Parking
- Parking Features: Parking Lot
Location
- County: Wake
- Subdivision: Watsons Lands
School Information
- Elementary School: Wake - Hunter Elementary
- Middle School: Wake - Ligon Middle
- High School: Wake - William G Enloe High
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air, None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Triplex
- Exterior Const.: Vinyl Siding
- Roof: Shingle
- Common Walls: 2+ Common Walls
- Building Size: 5040
- Square Feet: 5,040
- Living Area: 5,040 Sq. Ft.
- Finished Above Grnd: 5,040 Sq. Ft.
- Year Built: 2008
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Zoning: R-10
Financial Considerations
- Tax Amount: $7,125.18
- Tax Year: 2025
- Terms: Cash, Conventional
- Tenant Pays: All Utilities
Disclosures and Reports
- Special Conditions: Standard
- APN: 171309152891000 0013721
- Lot Number: 170
Listed by Northside Realty Inc., Stephanie Anson (919) 335-3048
Sold by EXP Realty LLC, Sibyl Russ
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Schools
Schools serving 718 S State St
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Hunter Elementary School, Raleigh, NC 1018 East Davie Street, Raleigh, NC 27601 | PK-5 | 0.3 mi |
Ligon Middle 706 East Lenoir Street, Raleigh, NC 27601 | 6-8 | 0.1 mi |
William G Enloe High 128 Clarendon Crescent, Raleigh, NC 27610 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 718 S State St
Date
Details
Price
Change
Source
10/01/2026
Sold
$765,000
-1.29%
MLS
8/10/2026
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
718 S State Street, Raleigh, NC 27601 (MLS# 10186311) is a Triplex property that was sold at $765,000 on October 01, 2026. Want to learn more about 718 S State Street? Do you have questions about finding other Triplex real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

