720 State Street
Raleigh, NC 27601Opportunity 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
$775,000
11 bedrooms
12 full bathrooms
0.18 acres
5,040 square feet
$154 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Vinyl Siding
- Lot Size Acres 0.18
- Parking Features Parking Lot
- Structure Type Triplex
- Above Grade Finished Area 5,040
- Appliances Electric Range, Refrigerator
- Basement Concrete
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Vinyl
- Heating Forced Air, None
- Heating Y/N Yes
- Interior Features Bathtub/Shower Combination
- Laundry Features In Unit
- Tax Annual Amount 6340.12
- Water Source Public
- Year Built 2008
Additional Property Information
- TypeTriplex
- Built2008
- NeighborhoodWatsons Lands
- CountyWake
- AreaRaleigh
- Elementary SchoolWake - Hunter Elementary
- Middle SchoolWake - Ligon Middle
- High SchoolWake - William G Enloe High
Listing courtesy of Northside Realty Inc.. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. 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 Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-08-22T03:23:44.000Z.