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.
New construction
$1,950,000
720 Oakwood Ave, Raleigh, NC 27601
6beds
4,390sqft
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
- 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#: 10161702
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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
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $1,950,000+364.3%$444/sqft |
Source: | ||
| 4/7/2025 | Sold | $420,000+4100%$96/sqft |
Source: Public Record Report a problem | ||
| 5/25/2022 | Sold | $10,000-71.4%$2/sqft |
Source: Public Record Report a problem | ||
| 5/4/2001 | Sold | $35,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $120,514 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
Nearby schools
GreatSchools rating
- 5/10Powell ElementaryGrades: PK-5Distance: 1.6 mi
- 7/10Ligon MiddleGrades: 6-8Distance: 0.9 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.5 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27601
- North Central
- 720 Oakwood Ave





