720 S State St Raleigh, NC 27601
Olde East Raleigh NeighborhoodEstimated payment $4,783/month
Total Views
3,089
11
Beds
12
Baths
5,040
Sq Ft
$154
Price per Sq Ft
Highlights
- Popular Property
- No HOA
- Luxury Vinyl Tile Flooring
- Hunter Elementary School Rated A
- Bathtub with Shower
- Forced Air Heating and Cooling System
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
Home Type
- Multi-Family
Est. Annual Taxes
- $6,340
Year Built
- Built in 2008
Home Design
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 5,040 Sq Ft Home
- 2-Story Property
- Luxury Vinyl Tile Flooring
- Basement
- Block Basement Construction
- Electric Range
Bedrooms and Bathrooms
- 11 Bedrooms
- 12 Full Bathrooms
- Bathtub with Shower
Parking
- 6 Open Parking Spaces
- Parking Lot
Schools
- Hunter Elementary School
- Ligon Middle School
- William G Enloe High School
Additional Features
- 7,841 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 171309152796000 0013722
Community Details
Overview
- No Home Owners Association
- 3 Units
- Watsons Lands Subdivision
Building Details
- 3 Leased Units
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,340 | $720,115 | $170,000 | $550,115 |
| 2024 | $6,314 | $720,115 | $170,000 | $550,115 |
| 2023 | $5,305 | $481,162 | $135,000 | $346,162 |
| 2022 | $4,932 | $481,162 | $135,000 | $346,162 |
| 2021 | $4,742 | $481,162 | $135,000 | $346,162 |
| 2020 | $4,656 | $481,162 | $135,000 | $346,162 |
| 2019 | $2,911 | $246,048 | $24,000 | $222,048 |
| 2018 | $2,748 | $246,048 | $24,000 | $222,048 |
| 2017 | $2,620 | $246,048 | $24,000 | $222,048 |
| 2016 | $2,567 | $246,048 | $24,000 | $222,048 |
| 2015 | -- | $249,754 | $24,000 | $225,754 |
| 2014 | $2,534 | $251,939 | $24,000 | $227,939 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2026 08/22/26 | For Sale | $775,000 | -- | $154 / Sq Ft |
Source: Doorify MLS
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | None Listed On Document | |
| Warranty Deed | $315,000 | None Available | |
| Warranty Deed | $269,000 | Attorney | |
| Deed | $185,000 | -- | |
| Warranty Deed | $60,500 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Seller Take Back | |
| Closed | $1,010,784 | Construction | |
| Previous Owner | $228,000 | New Conventional | |
| Previous Owner | $196,500 | New Conventional | |
| Previous Owner | $510,000 | Commercial |
Source: Public Records
About the Listing Agent
Stephanie is a professional REALTOR® who has a powerful combination of experience and education. Her career background includes mortgage banking, property investment, real estate sales and home staging. Her broad range of expertise enables her to serve a wide variety of clientele, in all market conditions.
Recognized among the industry’s top performers, she ranked #1 in Raleigh, #3 in North Carolina, and #109 nationally for total closed sales in the 2024 RealTrends Top Individual Agents.
Stephanie's Other Listings
Source: Doorify MLS
MLS Number: 10188078
APN: 1713.09-15-2796-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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