PRICE IMPROVEMENT! Turnkey investment opportunity at City Hike, a modern townhome community just blocks from Downtown Raleigh and adjacent to a greenway trail. Currently leased at $3,195/month through March 2027, this income-producing property offers immediate cash flow in one of Raleigh's most sought-after urban locations. Looking to make City Hike your home? One vacant unit remains available in the community! Designed with long-term appeal in mind, the home features the popular "Vista" interior scheme with warm wood cabinetry, clean-lined finishes, and light-filled interiors that create a timeless, contemporary aesthetic. Thoughtfully designed across three levels, the home offers four bedrooms and four baths, including a private suite on every floor. Open-concept living spaces are anchored by a designer kitchen featuring quartz countertops, streamlined cabinetry, and modern lighting, while spa-inspired baths showcase crisp tile work and elevated finishes throughout. A private rooftop patio provides valuable outdoor living space, while solar-ready construction and Tesla Powerwall compatibility add future-focused appeal. Located minutes from Downtown Raleigh's dining, entertainment, employment centers, and cultural amenities, this low-maintenance asset combines strong rental potential with modern design and a highly desirable location. Plus, if you're looking to own? The newly introduced Residency Credit brings more autonomy to your next move. On select homes, settle in on a 12- or 24-month term, with 50% of every residency payment credited toward your purchase at closing. Find your place downtown, with time to make it your own.
| MLS # | 10195588 |
|---|---|
| Listing Type | For Lease |
| Style | Town House |
| HOA Dues | $225 |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2025 |
| Days On Site | 28 |
| Listing Provided By | Compass -- Raleigh | Johnny Chappell |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,300 |
| Garage | 1 |
| Story(s) | 3 |
| Acreage | 0.03 |
| Interior Features | Double Vanity, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Storage, Walk-in Closet(s), Kitchen/Dining Room Combination, Shower Only, Bathtub/Shower Combination, Walk-in Shower, Quartz Counters, Smooth Ceilings, Other |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric, Zoned |
| Fireplace Yes / No | No |
| Laundry Features | Inside, Laundry Room, In Unit, Upper Level |
| Rooms Total | 11 |
| Roof | Rubber |
|---|---|
| Foundation Details | Slab |
| Lot Features | Landscaped |
| Construction Materials | Fiber Cement |
| Security Features | Fire Alarm, Secured Garage/Parking, Security Lights |
| Patio And Porch Features | Covered, Deck, Front Porch, Rear Porch |
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Attached, Driveway, Garage Faces Front, Garage, Tandem |
| Association Amenities | Maintenance Grounds, Management, Maintenance Structure, Snow Removal, Trash |
|---|
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Legal Description | LO4 CITY HIKE BM2023 -01578 |
|---|---|
| Tax Year | 2026 |
| Accessibility Features | No |
|---|
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27601 |
| Area | Wake |
| Community Name | City Hike Townhomes |
| School District | Wake - Needham Broughton High |
| Elementary School | Wake - Fuller Elementary |
| High School | Wake - Needham Broughton High |
| Listing VS Median (in City Hike Townhomes) | |
Price: $549,000 low | high Med: $549,000 sqft: 2,300 low | high Med: 2,300 $ / sqft: $239 low | high Med: $239 On site: 28 low | high Med: 19 | |
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27601 |
| Area | Wake |
| Community Name | City Hike Townhomes |
| School District | Wake - Needham Broughton High |
| Elementary School | Wake - Fuller Elementary |
| High School | Wake - Needham Broughton High |
| Listing VS Median (in City Hike Townhomes) | |
Price: $549,000 low | high Med: $549,000 sqft: 2,300 low | high Med: 2,300 $ / sqft: $239 low | high Med: $239 On site: 28 low | high Med: 19 | |