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$775,000

  • For Sale
  • Active
  • Triplex
  • 11 Beds
  • 12 Full Baths
  • 5,040 Sq. Ft.
  • 0.17 Acres
  • Updated 7 days ago
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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 for 718 S State St

General

  • Price: $775,000
  • Taxes: $7,125
  • Status: Active
  • Type: Triplex
  • Source: 2218
  • MLS ID: 10186311
  • Updated: 8/14/2026
  • Added to Site: 12 day(s) ago

Rental Information

  • Lease/Rent Term: 6 Months

Interior

  • Interior Features: Bathtub/Shower Combination, Open Floorplan
  • Appliances: Electric Range, Refrigerator
  • Flooring: 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
  • City Limits: Yes

School Information

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

Heating & Cooling

  • 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
  • Sq. Ft. Source: See Remarks
  • Finished Above Grnd: 5,040 Sq. Ft.
  • Year Built: 2008

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405.2
  • Zoning: R-10

Financial Considerations

  • Tax Amount: $7,125.18

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 171309152891000 0013721
  • Lot Number: 170

Listed by Northside Realty Inc., Stephanie Anson (919) 335-3048

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Listing agent

— 718 S State St —

  • Stephanie Anson

    Northside Realty Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 718 S State St

School District:Wake County Schools
NameGradesDistance
Hunter Elementary School, Raleigh, NC
1018 East Davie Street, Raleigh, NC 27601
PK-50.3 mi
Ligon Middle
706 East Lenoir Street, Raleigh, NC 27601
6-80.1 mi
William G Enloe High
128 Clarendon Crescent, Raleigh, NC 27610
9-121.5 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/10/2026
Listed
$775,000
-13.89%
MLS
4/07/2025
Sold
$900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 718 S State St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,125
—
$810,134
—
2024
$7,096
20%
$810,134
51%
2023
$5,922
8%
$537,807
—
2022
$5,505
4%
$537,807
—
2021
$5,293
2%
$537,807
—
2020
$5,197
79%
$537,807
119%
2019
$2,911
6%
$246,048
—
2018
$2,748
5%
$246,048
—
2017
$2,620
2%
$246,048
—
2016
$2,567
-3%
$246,048
-1%
2015
$2,646
4%
$249,754
-1%
2014
$2,554
7%
$251,939
—
2013
$2,389
—
$251,939
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Northside Realty Inc., Stephanie Anson (919) 335-3048

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718 S State Street, Raleigh, NC 27601 (MLS# 10186311) is a Triplex property with 11 bedrooms and 12 full bathrooms. 718 S State Street is currently listed for $775,000 and was received on August 10, 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.

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