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$775,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 11 Beds
  • 12 Full Baths
  • 5,040 Sq. Ft.
  • 0.18 Acres
  • Updated 4 hours 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 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

Full Property Details for 720 S State St

General

  • Price: $775,000
  • Taxes: $6,340
  • Status: Active
  • Type: Triplex
  • Source: 2218
  • MLS ID: 10188078
  • Updated: 8/22/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Bathtub/Shower Combination
  • 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
  • Basement: Yes
  • Basement Desc.: Concrete
  • Roof: Shingle
  • Building Size: 5040
  • Square Feet: 5,040
  • Finished Above Grnd: 5,040 Sq. Ft.
  • Year Built: 2008

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,840.8
  • Zoning: R-10

Financial Considerations

  • Tax Amount: $6,340.12

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 171309152796000 0013722
  • Lot Number: 171

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

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Listing agent

— 720 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 720 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 720 S State St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/21/2026
Listed
$775,000
-28.47%
MLS
8/15/2019
Sold
$1,083,500
—
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 720 S State St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,340
—
$720,115
—
2024
$6,314
19%
$720,115
50%
2023
$5,305
8%
$481,162
—
2022
$4,932
4%
$481,162
—
2021
$4,742
2%
$481,162
—
2020
$4,656
60%
$481,162
96%
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
$2,534
6%
$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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720 S State Street, Raleigh, NC 27601 (MLS# 10188078) is a Triplex property with 11 bedrooms and 12 full bathrooms. 720 S State Street is currently listed for $775,000 and was received on August 21, 2026. Want to learn more about 720 S State Street? Do you have questions about finding other Triplex real estate for sale in Oberlin Village? You can browse all Oberlin Village real estate or contact a Coldwell Banker agent to request more information.

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