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6-Unit Townhome-Style Apartment Building
For Sale
$4,200,000

720 Noble Town Way, Raleigh, NC 27603

MULTI_FAMILY - Raleigh, NC

Property Size9,062 SF
Lot Size2.16 Acres
Price / SF$463.47
Days on Market71

Property Features for 720 Noble Town Way

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 18
Bathrooms 21
Full bathrooms 18
Half bathrooms 6
Rooms Bedroom 8, Bedroom 1, Bathroom 10, Bedroom 7, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 10, Bedroom 9, Bedroom 16, Dining Room, Bathroom 17, Bathroom 11, Bedroom 3, Bedroom 4, Bathroom 24, Bedroom 12, Bathroom 21, Bedroom 11, Bathroom 15, Bathroom 9, Bathroom 19, Bathroom 20, Bedroom 14, Bathroom 18, Bathroom 16, Bathroom 13, Bathroom 5, Bedroom 17, Bedroom 13, Bathroom 23, Bathroom 3, Bathroom 7, Bathroom 6, Bathroom 14, Bedroom 18, Bathroom 22, Bathroom 12, Bedroom 15, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 8
Parking 2
Parking features Covered, Driveway, Guest, Alley, On Street, Garage, Open
Vegetation Grassed
Patio and Porch features Patio, Porch, Deck
Interior features Built-in Features, Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Natural Woodwork, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Shower Only, Smart Thermostat, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower, Wired for Sound
Exterior features Awning(s), Lighting, Private Entrance, Rain Gutters, Storage
Appliances Built-In Electric Range, Built-In Range, Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Free-Standing Electric Oven, Microwave, Oven, Plumbed For Ice Maker, Range, Smart Appliance(s), Stainless Steel Appliance(s), Warming Drawer, Water Heater
Subdivision Noble Place Condominiums
Lot features City Lot, Hardwood Trees, Interior Lot, Landscaped, Level, Rectangular Lot, Views, Zero Lot Line
View City
Elementary school Wake - Wiley Elementary
Middle school Wake - Oberlin Middle
High school Wake - Needham Broughton High
Standard status Active
APN 1704309915-LO16
Size 9,062 SF
Lot size 2.16 Acres

Taxes and HOA fees

Tax Year 2025
HOA Fee $300 Monthly

Utilities

Sewer type Public Sewer
Cooling system Ceiling Fan(s), Central Air, Electric
Water source Public

Amenities

private garage
screened-in porches
private rooftop terraces

Building Details

Year built 2025
Floors in Building 3
Number of units 6
Flooring type Vinyl, Tile
Building materials Brick Veneer, Fiber Cement
Roof type Shingle
Additional Structures Storage
Listing Agency: Costello Real Estate & Investm
Listed By: Emily Mitchell · License #284734
Added: Jun 3 Changed: Aug 3 Last Checked: Aug 12 at 8:06AM
MLS# 10171500

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This under-construction apartment building features 6 townhome-style condos. Each unit includes three bedrooms (or two bedrooms plus an office/flex space), three full bathrooms, a private garage, and screened-in porches. Units #105 and #106 include a fourth story with private rooftop terraces. HOA covers exterior maintenance and lawn care.

The property sits on a 2.16-acre site with an overall size of 9,062 square feet and public utilities, including public water and public sewer. Construction materials include brick veneer and fiber cement, with shingle roofing. The interiors feature amenities such as quartz counters, recessed lighting, smart thermostats, and wired-for-sound. Cooling is provided via central air (electric).

Parking and access are supported by covered parking, driveways, guest parking, an alley, on-street parking, and garages, along with patio and porch features including decks, porches, and patios.

Key Highlights

  • Under construction 6 townhome‑style condo units
  • Each unit offers three bedrooms (or two plus office/flex) and three full bathrooms
  • Private garages and screened‑in porches for every unit

Property Analytics

Current Use

Apartment buildings

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

100
Businesses Nearby

Demographics for 27603, NC

54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Under construction 6 townhome-style condos with private garages and screened-in porches.
Where is this apartment building located?
The property is located at 720 Noble Town Way Raleigh, NC.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Under construction 6 townhome‑style condo units; Each unit offers three bedrooms (or two plus office/flex) and three full bathrooms; Private garages and screened‑in porches for every unit
More about this property
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