616 Rocky Knob Court
Raleigh, NC 27601The final three available townhomes at City Hike are offered together as a turnkey investment portfolio near Downtown Raleigh. Two homes are currently leased at $3,195 and $3,095 per month, providing combined in-place rental income of $6,290 per month and $75,480 annually, while the the third and final unit is being leased up now by KeyRenter property management. Each completed townhome features approximately 2,300 square feet with four bedrooms and four full baths, an open-concept layout, spacious chef's kitchen, private garage and complete bedroom suites across multiple levels. Approximately 400-square-foot rooftop terraces provide generous outdoor living space and Downtown Raleigh skyline views. The homes offer contemporary architecture, thoughtfully selected designer finishes and solar-ready construction, with the ability to support optional solar and energy-monitoring features. City Hike provides convenient access to Downtown Raleigh's employment, dining, entertainment and cultural destinations, along with nearby parks and major commuter routes. This is a rare opportunity to acquire the final three residences in a completed 12-home community, combining immediate rental income with additional upside in a growing urban Raleigh location.
$1,599,000
12 bedrooms
12 full bathrooms
0.0 acres
6,900 square feet
$232 per square foot
- Exterior Features
- Interior Features
- Property Features
- Attached Garage Y/N Yes
- Building Features Primary Walk-In Closet(s)
- Construction Materials Vinyl Siding
- Exterior Features Private Entrance, Lighting, Balcony
- Garage Y/N Yes
- Lot Size Acres 0.0
- Parking Features Garage Faces Front, Paved, Attached
- Patio And Porch Features Deck, Awning(s), Porch, Covered, Patio
- Structure Type Townhouse
- Above Grade Finished Area 6,900
- Appliances Disposal, Washer, Stainless Steel Appliance(s), Microwave, Vented Exhaust Fan, Range, Built-In Range, Washer/Dryer, Dishwasher, Refrigerator
- Below Grade Finished Area 0
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Tile, Carpet, Wood
- Heating Forced Air
- Heating Y/N Yes
- Interior Features Bathtub/Shower Combination, Open Floorplan, Double Vanity, Recessed Lighting, Storage, High Ceilings, Walk-In Closet(s), Ceiling Fan(s), Primary Downstairs, Kitchen/Dining Room Combination, Built-in Features, Eat-in Kitchen, Kitchen Island, Pantry, Living/Dining Room Combination, Separate Shower
- Laundry Features Laundry Room, In Unit, Upper Level
- Association Fee Frequency Monthly
- Association Fee Includes Trash, Insurance, Storm Water Maintenance, Maintenance Structure, Sewer
- Association Y/N Yes
- Tax Annual Amount 5513.34
- Water Source Public
- Year Built 2025
Additional Property Information
- TypeTownhouse
- Built2025
- NeighborhoodCity Hike Townhomes
- CountyWake
- AreaRaleigh
- Elementary School
- Middle SchoolWake - Carnage Middle
- High SchoolWake - Needham Broughton High
Listing courtesy of Compass -- Raleigh. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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