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New construction
    • Price cut: $68K (8/4)
    $1,550,000

    804 Cotton Pl, Raleigh, NC 27601

    8beds
    4,054sqft
    : 
    $8,820/mo
    Get pre-qualified
    Condominium, Multi Family, Duplex, Townhouse
    Built in 2026
    8,276 Square Feet Lot
    $1,526,100 Zestimate®
    $382/sqft
    $100/mo HOA

    What's special

    Modern finishesContemporary fixturesAbundant natural lightChef-style kitchenDedicated officeWell-appointed bedroomsFlexible spaces
    Positioned in the rapidly growing urban core of Raleigh, 804 Cotton Place presents a compelling investment opportunity to acquire this condo duo for your income-producing asset in one of the city's most dynamic neighborhoods. Scheduled to be completed Early Summer 2026 this brand-new contemporary residence offers over 2,000 square feet, 4 bedrooms and 3.5 bathrooms per unit--ideal for attracting strong rental demand from professionals, roommates, or short-term tenants. Designed with broad tenant appeal in mind, the open-concept layout, abundant natural light, and modern finishes create a turnkey living experience. The chef-style kitchen is outfitted with quartz countertops, stainless steel appliances, and smart home features--highly desirable amenities that support premium rental positioning. Multiple living areas, including a dedicated office and flexible spaces, provide versatility for co-living arrangements or work-from-home tenants, increasing rental value and occupancy potential. The primary suite and additional well-appointed bedrooms offer privacy and comfort, while design-forward bathrooms and contemporary fixtures enhance long-term tenant satisfaction. Outdoor features, including shared green space and skyline views, further elevate the property's marketability. Located just minutes from Downtown Raleigh, the property benefits from proximity to major lifestyle drivers such as Transfer Co. Food Hall, Raleigh Wine Shop, and Roshambo, all contributing to consistent rental demand. Additionally, a planned City of Raleigh redevelopment nearby--including retail, grocery, and community space--positions this asset for future appreciation and increased tenant desirability. Whether purchased as a primary rental, short-term income property, or as part of a multi-unit investment strategy, 804 Cotton Place offers strong income potential, modern construction with minimal maintenance, and a prime location in one of the Southeast's fastest-growing markets. Photos are representative and selections may differ. Please reach out for exact selections for this unit.
    113 days
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    116
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Queen 919-606-2905,

    Monarch Realty Co.

    Source: Doorify MLS,MLS#: 10161074MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 6
      • 1/2 bathrooms: 2
      Heating
      • Electric, Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Built-In Electric Oven, Cooktop, Dishwasher, Double Oven, ENERGY STAR Qualified Dishwasher, Exhaust Fan, Gas Cooktop, Gas Water Heater, Ice Maker, Oven, Plumbed For Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven, Smart Appliance(s), Stainless Steel Appliance(s), Tankless Water Heater
      • Laundry: In Hall, Inside, Upper Level
      Features
      • Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, In-Law Floorplan, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Master Downstairs, Quartz Counters, Recessed Lighting, Second Primary Bedroom, Separate Shower, Shower Only, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
      • Flooring: Carpet, Ceramic Tile, Vinyl, Simulated Wood
      • Number of fireplaces: 1
      • Fireplace features: Electric, Living Room
      • Common walls with other units/homes: 1 Common Wall, End Unit
      Interior area
      • Total structure area: 4,054
      • Total interior livable area: 4,054 sqft
      • Finished area above ground: 4,054
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Additional Parking, Attached, Concrete, Driveway, Garage, Garage Door Opener, Off Street, On Street, Paved, Tandem
      • Attached garage spaces: 2
      • Uncovered spaces: 2
      Accessibility
      • Accessibility features: Aging In Place, Level Flooring, Visitor Bathroom
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Deck, Front Porch, Patio, Rear Porch
      • Exterior features: Balcony, Lighting
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: City
      Lot
      • Size: 8,276 Square Feet
      • Dimensions: 50 x 162 x 50 x 162
      • Features: Back Yard, City Lot, Cleared, Few Trees, Hardwood Trees, Level, Near Public Transit, Rectangular Lot
      Details
      • Additional structures: None
      • Parcel number: 171305089540000 0055326
      • Zoning: R-10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Condominium, Multi Family, Duplex, Townhouse
      Materials
      • Concrete, Fiber Cement
      • Foundation: Concrete, Slab
      • Roof: Shingle
      Condition
      • New construction: Yes
      • Year built: 2026
      • Major remodel year: 2026

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Historical Area, Park, Playground, Restaurant, Street Lights
      • Subdivision: Not in a Subdivision
      HOA
      • Has HOA: Yes
      • Amenities included: None
      • Services included: Insurance, Maintenance Grounds
      • HOA fee: $100 monthly
      • Additional fee info: Second HOA Fee $1000 One Time
      Location
      • Region: Raleigh

      Financial & listing details

      • Price per square foot: $382/sqft
      • Tax assessed value: $355,795
      • Annual tax amount: $3,122
      • Date on market: 4/17/2026
      • Road surface type: Asphalt, Paved

        Estimated market value

        $1,526,100

        $1.45M - $1.60M

        $3,073/mo

        Price history

        DateEventPrice
        8/4/2026Price change$1,550,000-4.2%$382/sqft
        Source: Doorify MLS #10161074 Report a problem
        4/17/2026Listed for sale$1,618,000+534.5%$399/sqft
        Source: Doorify MLS #10161074 Report a problem
        3/8/2026Listing removed$1,600
        Source: Zillow Rentals Report a problem
        3/7/2026Listed for rent$1,600
        Source: Zillow Rentals Report a problem
        10/31/2024Sold$255,000-7.3%$63/sqft
        Source: Doorify MLS #10049317 Report a problem
        10/11/2024Pending sale$275,000$68/sqft
        Source: Doorify MLS #10049317 Report a problem
        10/11/2024Price change$275,000-31.2%$68/sqft
        Source: Doorify MLS #10049317 Report a problem
        9/26/2024Listed for sale$399,900$99/sqft
        Source: Doorify MLS #10049317 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,571 +0.4%$355,795
        2024$1,565 +43.2%$355,795 +80.8%
        2023$1,093 +7.5%$196,826
        2022$1,016 +4%$196,826
        2021$978 +1.8%$196,826
        2020$960 +27.2%$196,826 +55.2%
        2019$755 $126,809
        2018-- $126,809
        2017$680 +2%$126,809
        2016$666 +103.6%$126,809 +113.8%
        2015$327 +5.1%$59,304
        2014$311 $59,304
        2013-- $59,304
        2012-- $59,304
        2011-- $59,304
        2010-- $59,304
        2009-- $59,304
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: South Central

        Getting around

        73 / 100
        Very Walkable
        65 / 100
        Good Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Root 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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