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Chris Pappalardo

Owner | The Chris Pappalardo Team | KW One

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616 Rocky Knob Ct , Raleigh, NC 27601
$1,100,000
Est. Payment: $5,862.35/mo
8 Bed
8 Bath
4600 Sqft
Status: active | Days on site: 24
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75688 - 81566,87226
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House Description

The final two available townhomes at City Hike are offered together as a turnkey investment portfolio near Downtown Raleigh. The two homes are currently leased at $3,195 and $3,095 per month, providing combined in-place rental income of $6,290 per month and $75,480 annually. Each completed townhome features approximately 2,300 square feet with four bedrooms and four full baths, an open-concept layout, spacious chef's kitchen, private garage and complete bedroom suites across multiple levels. Approximately 400-square-foot rooftop terraces provide generous outdoor living space and Downtown Raleigh skyline views. The homes offer contemporary architecture, thoughtfully selected designer finishes and solar-ready construction, with the ability to support optional solar and energy-monitoring features. City Hike provides convenient access to Downtown Raleigh's employment, dining, entertainment and cultural destinations, along with nearby parks and major commuter routes. This is a rare opportunity to acquire the final three residences in a completed 12-home community, combining immediate rental income with additional upside in a growing urban Raleigh location.

Highlights

Listed by Johnny Chappell , and Maggie Sparling , Compass -- Raleigh , Doorify MLS mls logo

Property Type

Multi-Family

HOA Fee

225 Monthly

Year Built

2025

County

Wake

Neighborhood

City Hike Townhomes

Listing ID

10197555

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Appliances:Built-In Range, Disposal, Dishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer, Washer/Dryer
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Tile,Wood
Above Ground Sq Ft:4600
Other:
  • ▪ Additional:Built-in Features, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Storage, Walk-in Closet(s), Kitchen/Dining Room Combination, Living/Dining Room Combination, Separate Shower, Bathtub/Shower Combination
Water:Public

Exterior Features

Garage Capacity:4
Roof:Shingle
Others:
  • ▪ Additional:Balcony, Lighting, Private Entrance, Awning(s), Covered, Deck, Patio, Porch
Sewer:Public Sewer
Parking Features:Attached,Garage Faces Front,Paved,Two Car Garage,Garage,Attached Garage
Principal Interest
$5,862
Taxes
$701
HOA
$225

Home Price

$1,100,000

Loan Details

30 yrs
7.013%

Down Payment

20%
$220,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,862.35

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $5,862.35 $701.25 $225.00 $6,788.60
Yearly $70,348.16 $8,415.00 $2,700.00 $81,463.16
Total $2,110,444.93 $252,450.00 $81,000.00 $2,443,894.93

Today's Rates

30 Year

7.01%

20 Year

7.03%

15 Year

6.39%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Doorify MLS, Internet Data Exchange Database.
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Data last updated: 2026-11-02T12:02:44.000Z

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