720 Oakwood Ave
New
New
Description
Modern design. Prime location. Elevated living and investment opportunity inside Raleigh's Historic Oakwood corridor. This newly constructed duplex 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...Modern design. Prime location. Elevated living and investment opportunity inside Raleigh's Historic Oakwood corridor. This newly constructed duplex 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.
• 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.
- Listed by Jason Queen • Monarch Realty Co.
- Listed by James Derrick Ivory • Monarch Realty Co.
Property Details for 720 Oakwood Avenue
View
Skyline
ViewYes
WaterfrontNo
SubdivisionNot in a Subdivision
HOA Fees$294.79
LISTING UPDATED: 04/23/2026 03:27 PM
Property Details for 720 Oakwood Avenue
| Status | Active |
|---|---|
| MLS # | 10161702 |
| Days on Market | 1 |
| Taxes | $3,852 / year |
| HOA Fees | $295 / month |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / Duplex |
| Year Built | 2026 |
| Lot Size | 0.09 AC / 3,920 SF |
| County | Wake County |
Location
Listing Courtesy of Monarch Realty Co.
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Building Information for 720 Oakwood Avenue
Stories3Residences2Year Built2026Building Size-Lot Size0.09 AC / 3,920 SF
Payment Calculator
$10,435 per month
30 year fixed, 6.46% Interest
Principal and Interest
$9,819
Property Taxes
$321
HOA Dues
$295
The Payment Calculator is for illustrative purposes only.
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1Property Information for 720 Oakwood Avenue
Summary
Location and General Information
- Zoning: R-10
- Directions: From person street take Right on to oakwood. House will be on your right just after Linden St.
- Subdivision Name: Not in a Subdivision
- Latitude: 35.784421
- Longitude: -78.628264
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
- Neighborhood: Historic Oakwood
Taxes and HOA Information
- Association Fee Includes: Maintenance Grounds
- Association: Yes
- Total HOA Dues: $294.79
- HOA 1 Fees Required: Yes
- Tax Annual Amount: $3,851.73
- City Limits Of: Raleigh
- City Limits YN: Yes
- Lot Number: 73
- Restrictive Covenants YN: Yes
- School District Link: https://osageo.wcpss.net/assignment-lookup/
Contract Information
- Comp Sale YN: No
- Estimated Completion Date: 2026-05-05
- Original MLS: Triangle MLS Inc
- Property Leased YN: No
School Information
- Elementary School: Wake - Powell
- Middle Or Junior School: Wake - Ligon
- High School: Wake - Broughton
Parking
- Open Parking: Yes
- Parking Features: Driveway, Garage, Garage Faces Front
- Carport: No
- Attached Garage: Yes
- Garage Spaces: 2.0
- Garage: Yes
Property
Lot Information
- Building Area Total: 4390.0
- Building Name: Dukes Properties & Construction LLC
- Total Other Area Sq Ft: 0
- Number Of Buildings: 1
- Parcel Number: 171417002652000 0034965
- Structure Type: Duplex
- Enhanced Accessible: No
- Power Production YN: No
Property and Assessments
- New Construction: Yes
- Photos Count: 9
- Above Grade Finished Area Source: Builder
- Below Grade Finished Area: 0.0
- Below Grade Finished Area Units: Square Feet
- Common Walls: 1 Common Wall, End Unit
- Senior Community: No
- Property Condition: Under Construction
- Builder Name: Dukes Properties & Construction
Utilities
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
- Water Source: Public
- Water_Sewer: Public, Public Sewer, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
- Construction Materials: Brick, Fiber Cement, Lap Siding
- Exterior Features: Balcony
- Foundation Details: Slab
- Patio And Porch Features: Covered, Patio
- Pool Features: None
- Pool Private: No
- Roof: Metal, Shingle
- New Construction Type: Brick, Fiber Cement, Lap Siding, Duplex
Interior Features
- Levels: Three Or More
- Stories: 3
- Fireplace Y N: No
- Flooring: Simulated Wood, Tile
- Door Features: Sliding Doors
- Cooling: Central Air
- Cooling?: Yes
- Heating: Electric
- Heating?: Yes
- Appliances: Built-In Gas Range, Dishwasher, Microwave, Range Hood, Refrigerator, Wine Refrigerator
- Laundry Features: Laundry Room, Upper Level
- Interior Features: Crown Molding, Double Vanity, High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Second Primary Bedroom, Walk-In Closet(s), Walk-In Shower
- Spa: No
- Equipment Appliances: Built-In Gas Range, Dishwasher, Microwave, Range Hood, Refrigerator, Wine Refrigerator
- Interior: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Driveway, Garage, Garage Faces Front, Brick, Fiber Cement, Lap Siding, Laundry Room, Upper Level
- Equipment: Built-In Gas Range, Dishwasher, Microwave, Range Hood, Refrigerator, Wine Refrigerator, Laundry Room, Upper Level, Driveway, Garage, Garage Faces Front
Multi Family
Unit Information
- Total Units: 2
Agent
Sale and Listing
- Property Type: Residential Income
- Property Class Name: CrossProperty
Units Information
Unit One
- Unit One: Baths Total: 35.0
- Unit One: Beds Total: 3.0
- Unit One: Deck: true
- Unit One: Dining Room: true
- Unit One: Dishwasher: true
- Unit One: Garage Attached YN: true
- Unit One: Garage Spaces: 1.0
- Unit One: Kitchen: true
- Unit One: Levels: Three Or More
- Unit One: Living Room: true
- Unit One: Storage: true
- Unit One: Unit Type: 3 Bedroom
- Unit One: WasherDryer Hookups: true
Unit Two
- Unit Two: Baths Total: 35.0
- Unit Two: Beds Total: 3.0
- Unit Two: Deck: true
- Unit Two: Dining Room: true
- Unit Two: Dishwasher: true
- Unit Two: Garage Attached YN: true
- Unit Two: Garage Spaces: 1.0
- Unit Two: Kitchen: true
- Unit Two: Levels: Three Or More
- Unit Two: Living Room: true
- Unit Two: Storage: true
- Unit Two: Unit Type: 3 Bedroom
- Unit Two: WasherDryer Hookups: true
Unit Three
- Unit Three: Beds Total: 0.0
Unit Four
- Unit Four: Beds Total: 0.0
Property History for 720 Oakwood Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 22, 2026 | Listed (Active) TRIANGLEMLS #10161702 | $1,950,000 | — |
| Apr 4, 2025 | Sold (Public Record) Public Record #1554543133 | $420,000 | +268.8% / yr |
| May 24, 2022 | Sold (Public Record) Public Record #1491013236 | $10,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/22/2026 | Listed (Active) TRIANGLEMLS #10161702 | $1,950,000 |
| 04/04/2025 | Sold (Public Record) Public Record #1554543133 | $420,000 +268.8% / yr |
| 05/24/2022 | Sold (Public Record) Public Record #1491013236 | $10,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 720 Oakwood Avenue
Taxable ValueLand$325,000Additions$114,368Total$439,368
Tax Record2025$1,936 ($161 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,408 SqFtAbove Grade Finished SqFt1,408 SqFtStories1Lot Size3,920 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1960ZoningR-10CountyWAKEAPN1714.17-00-2652 0034965
Schools near 720 Oakwood Avenue
This home is within Wake County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 13 |
Rating | School | Distance |
|---|---|---|
Powell Elementary PublicPK to 5 | ||
Ligon Middle Public6 to 8 | ||
Needham Broughton High Public9 to 12 | ||
Wake Young Men's Leadership Academy Public6 to 13 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Monarch Realty Co.
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