Tim McBrayer
The Jim Allen Group at Coldwell Banker Howard Perry & Walston
Raleigh, NC
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Listing 8 out of 2,803
$1,195,000 Contingent

718 S State Street
Raleigh, NC 27601

6 units | Multi Family Home
7405 sq ft lot - MLS# 2255029 Courtesy of Dream Living Realty
Property Photo


Own one of the best income generating properties in Raleigh! This property located by Ligon Middle School boasts rents from 4 - 4 bedroom apartments and 2 - 3 bedroom apartments. Two buildings located on two different lots. 718 and 720 S. State St. Gross rent potential $8,850/mos or $103,800/year - Currently fully leased. Units have been updated recently and are turned (cleaned/repaired) between tenants.


  • Property Type: Multi Family Home
  • Sub Type: Triplex
  • Listing Status: Contingent
  • County/Area: Wake County
  • Zip Code: 27601
  • Year Built: 2008
  • Elementary School: Wake Cty School District
  • Middle School: Wake Cty School District
  • High School: Wake Cty School District
  • Units: 6 units
  • Lot Size: 7405 sq ft lot
  • A/C: Central Air
  • Design: Unit 1/Othr, Unit 2/Othr, Unit 3/Othr, Unit 4/Othr
  • Exterior Finish: Vinyl
  • Flooring: Carpet, Vinyl
  • Foundation: Slab
  • Fuel Heat: Electric
  • Lot Number: 170 & 171
  • Parking: Off Street Parking
  • Selling Agent: Idx
  • Selling Office: Default Office
  • Unit 1 Information: 4+ Bedrooms
  • Unit 2 Information: 3 Bedroom
  • Water/Sewer: City Sewer
Courtesy of Dream Living Realty

Tim McBrayer
The Jim Allen Group
Raleigh, NC


Buyers John and Rhonda Olinger
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