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New construction
  • $1,950,000

    720 Oakwood Ave, Raleigh, NC 27601

    6beds
    4,390sqft
    : 
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    Duplex, Multi Family
    Built in 2026
    -- sqft lot
    $1,892,900 Zestimate®
    $444/sqft
    $245/mo HOA

    What's special

    Premium countertopsWalk-in showersStriking two-tone exteriorClean architectural linesLarge islandsAttached garagesSpa-style baths
    Modern design. Prime location. Elevated living and investment opportunity inside Raleigh's Historic Oakwood corridor. This newly constructed duplex scheduled to be completed at the end of June offers over 4,300 square feet of intentional design across two thoughtfully crafted residences, just minutes from Downtown Raleigh. Clean architectural lines, a striking two-tone exterior, and curated finishes create a cohesive and elevated presence from the moment you arrive. Each unit is designed for how today's buyers and tenants live. Light-filled open layouts center around statement kitchens featuring large islands, custom cabinetry, premium countertops, and full appliance packages. The living and dining areas flow seamlessly, delivering functional spaces ideal for both everyday living and entertaining. Upstairs, both residences feature spacious primary suites designed as private retreats, complete with spa-style baths, walk-in showers, dual vanities, and generous closet space. Secondary bedrooms in each unit include access to private baths, offering flexibility for guests, work-from-home setups, or strong rental appeal. Additional highlights include: • Two units | Each ~2,195 sqft (Total ~4,390 sqft) • Each unit offers 3 bedrooms | 3.5+ baths • Attached garages • Multiple levels of living with abundant natural light • Ideal for owner-occupants, investors, or multi-generational living Positioned in one of Raleigh's most sought-after areas, this property provides immediate access to Historic Oakwood, Downtown, dining, coffee, and greenway connections. A rare opportunity to own a full duplex in a high-demand location--offering flexibility, income potential, and long-term upside. Estimated completion in early May. Availability and configuration may vary depending on stage of construction.
    64 days
    |
    521
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Queen 919-606-2905,

    Monarch Realty Co.,

    James Derrick Ivory 252-350-3789,

    Monarch Realty Co.

    Source: Doorify MLS,MLS#: 10161702MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 8
      • Full bathrooms: 6
      • 1/2 bathrooms: 2
      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Included: Built-In Gas Range, Dishwasher, Microwave, Range Hood, Refrigerator, Wine Refrigerator
      • Laundry: Laundry Room, Upper Level
      Features
      • Crown Molding, Double Vanity, High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Second Primary Bedroom, Walk-In Closet(s), Walk-In Shower
      • Flooring: Simulated Wood, Tile
      • Doors: Sliding Doors
      • Has fireplace: No
      • Common walls with other units/homes: 1 Common Wall, End Unit
      Interior area
      • Total structure area: 4,390
      • Total interior livable area: 4,390 sqft
      • Finished area above ground: 4,390
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Driveway, Garage, Garage Faces Front
      • Attached garage spaces: 2
      • Uncovered spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Patio
      • Exterior features: Balcony
      • Pool features: None
      • Has view: Yes
      • View description: Skyline
      Lot
      • Size: 3,920 Square Feet
      Details
      • Parcel number: 171417002652000 0034965
      • Zoning: R-10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Brick, Fiber Cement, Lap Siding
      • Foundation: Slab
      • Roof: Metal, Shingle
      Condition
      • New construction: Yes
      • Year built: 2026
      • Major remodel year: 2026
      Details
      • Builder name: Dukes Properties & Construction

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Not in a Subdivision
      HOA
      • Has HOA: Yes
      • Amenities included: Landscaping, Maintenance
      • Services included: Maintenance Grounds
      • HOA fee: $245 monthly
      Location
      • Region: Raleigh

      Financial & listing details

      • Price per square foot: $444/sqft
      • Tax assessed value: $439,368
      • Annual tax amount: $3,851
      • Date on market: 4/22/2026
      • Road surface type: Asphalt

        Estimated market value

        $1,892,900

        $1.80M - $1.99M

        $3,527/mo

        Price history

        DateEventPrice
        4/22/2026Listed for sale$1,950,000+364.3%$444/sqft
        Source: Doorify MLS #10161702 Report a problem
        4/7/2025Sold$420,000+4100%$96/sqft
        Source: Public Record Report a problem
        5/25/2022Sold$10,000-71.4%$2/sqft
        Source: Public Record Report a problem
        5/4/2001Sold$35,000$8/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,936 +0.4%$439,368
        2024$1,928 +26.4%$439,368 +59.1%
        2023$1,525 +7.5%$276,130
        2022$1,418 +27.4%$276,130
        2021$1,113 +67.5%$276,130
        2020$665 -51.6%$276,130 +87.8%
        2019$1,374 +66.7%$147,063
        2018$824 -13.2%$147,063
        2017$950 +18.7%$147,063
        2016$800 +40.9%$147,063 +22%
        2015$568 -5.5%$120,514
        2014$601 $120,514
        2013-- $120,514
        2012-- $120,514
        2011-- $120,514
        2010-- $120,514
        2009-- $120,514
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: North Central

          Getting around

          72 / 100
          Very Walkable
          66 / 100
          Good Transit
          83 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Wake - Powell Elementary
          • Middle: Wake - Ligon Middle
          • High: Wake - Needham Broughton High

          Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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