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$765,000

  • Sold
  • Closed
  • Triplex
  • 11 Beds
  • 12 Full Baths
  • 5,040 Sq. Ft.
  • 0.18 Acres
  • Updated 1 day 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

  • Sold For: $765,000
  • Taxes: $6,340 (2026)
  • Status: Closed
  • Type: Triplex
  • Source: 2218
  • MLS ID: 10188078
  • Added to Site: 48 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Bathtub/Shower Combination
  • 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
  • Basement: Yes
  • Basement Desc.: Concrete
  • Roof: Shingle
  • 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): 0.18
  • Lot Size (Sq. Ft.): 7,841
  • Zoning: R-10

Financial Considerations

  • Tax Amount: $6,340.12
  • Tax Year: 2026
  • Terms: Cash, Conventional
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 171309152796000 0013722
  • Lot Number: 171

Listed by Northside Realty Inc., Stephanie Anson (919) 335-3048
Sold by EXP Realty LLC, Sibyl Russ

Listing agent

— 720 S State St —

  • Stephanie Anson

    Northside Realty Inc.

Get Pre-Approved Today

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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

Date
Details
Price
Change
Source
10/01/2026
Sold
$765,000
-1.29%
MLS
8/21/2026
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.

Listed by Northside Realty Inc., Stephanie Anson (919) 335-3048
Sold by EXP Realty LLC, Sibyl Russ

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Recent Sales near 720 S State St

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718 S State St, Raleigh, NC 27601 - Photo 1 Sold
$765,000

718 S State St  Raleigh, NC 27601

  • Triplex
  • Closed
  • Updated 2 days ago
  • 11
    Beds
  • 12
    Total Baths
Listed by Northside Realty Inc., Stephanie Anson
Sold by EXP Realty LLC, Sibyl Russ
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    Beds
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    Total Baths
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720 S State Street, Raleigh, NC 27601 (MLS# 10188078) is a Triplex property that was sold at $765,000 on October 01, 2026. Want to learn more about 720 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.