720 S State St

Raleigh NC 27601

5040 sq. ft.

7841 sq. ft.

Duplex

Last sold for $765,000

Stephanie Anson, last sold this property on 01 October 2026 after 40 days on market.

Overview

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

Features

11 bedrooms

12 bathrooms

6 carspaces

6 open car spaces

5040 sq. ft. floor area

7841 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 11 bedroom duplexes sold in Raleigh over the last 12 months.

Property history for 720 S State St

2026

Sold

$765,000

01 Oct 2026 by Stephanie Anson, of Northside Realty Inc.

2020

Rented

Undisclosed

21 Aug 2020 by Fathom Realty NC, LLC

2019

Sold

$1,083,500

15 Aug 2019

Happy sellers in Raleigh

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