Opportunity! You have the ultimate power to dream and create your own vision of how to transform this 8 unit rental property on 0.86 acres! Income producing with current tenants in place or use this incredible lot that backs NC State Centennial Campus to develop your own creative living design. We've done the research and know the neighborhood! Please contact us with any questions!
Sold for $1,400,000
$1,400,000
721 Chappell Dr, Raleigh, NC 27606
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1963
-- sqft lot
$590,000 Zestimate®
$--/sqft
$1,566 Estimated rent
Home value
$590,000
$502,000 - $696,000
$1,566/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 11:21pm
Listed by:
Lauren Fours 919-414-0950,
Coldwell Banker Advantage,
Sharon Busch Bishop 703-599-4024,
Coldwell Banker Advantage
Bought with:
Rhonda Barham, 68841
Coldwell Banker Advantage
Source: Doorify MLS,MLS#: 2494687
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Features
- Flooring: Carpet, Hardwood, Laminate
- Basement: Crawl Space
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Off Street
Features
- Has view: Yes
Details
- Zoning: R-10
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Block
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2025 | Listing removed | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 5/14/2025 | Price change | $1,500-9.1% |
Source: Zillow Rentals Report a problem | ||
| 4/7/2025 | Listed for rent | $1,650+153.8% |
Source: Zillow Rentals Report a problem | ||
| 5/2/2023 | Sold | $1,400,000 |
Source:  Doorify MLS #2494687 Report a problem | ||
| 2/24/2023 | Contingent | $1,400,000 |
Source: Doorify MLS #2494687 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Southwest Raleigh
Nearby schools
GreatSchools rating
- 4/10Dillard Drive ElementaryGrades: PK-5Distance: 2.6 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 2.3 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Wake - Dillard
- Middle: Wake - Centennial Campus
- High: Wake - Athens Dr
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
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Estimated market value$590,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$590,000