Agent profile image in chat bubble
Agent profile image in chat header

Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

Agent profile image in message

616 Rocky Knob Ct , Raleigh, NC 27601
$1,599,000
Est. Payment: $8,986.43/mo
12 Bed
12 Bath
6900 Sqft
Status: active | Days on site: 5
Get Pre-Qualified
75688 - 81566,87226
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
Agent profile image
Terri Bias
Operator/Brokerage Owner

House Description

The final three available townhomes at City Hike are offered together as a turnkey investment portfolio near Downtown Raleigh. 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, while the the third and final unit is being leased up now by KeyRenter property management. 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 , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

HOA Fee

225 Monthly

Year Built

2025

County

Wake

Neighborhood

City Hike Townhomes

Listing ID

10197555

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:12
  • ▪ Full Bathrooms:12
Appliances:Built-In Range, Dishwasher, Disposal, 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:6900
Other:
  • ▪ Additional:Bathtub/Shower Combination, Built-in Features, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, High Ceilings, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Separate Shower, Storage, Walk-In Closet(s)
Water:Public

Exterior Features

Garage Capacity:6
Roof:Shingle
Others:
  • ▪ Additional:Balcony, Lighting, Private Entrance, Awning(s), Covered, Deck, Patio, Porch
Sewer:Public Sewer
Parking Features:Attached,Garage Faces Front,Paved,Three Car Garage,Garage,Attached Garage
Principal Interest
$8,986
Taxes
$1,019
HOA
$225

Home Price

$1,599,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$319,800
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:
$8,986.43

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $8,986.43 $1,019.36 $225.00 $10,230.80
Yearly $107,837.21 $12,232.35 $2,700.00 $122,769.56
Total $3,235,116.39 $366,970.50 $81,000.00 $3,683,086.89

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Oct 2026

Average Price

All Price Ranges
N/A
Oct 2026

Average Days on Market

All Price Ranges
N/A
Oct 2026
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 Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-14T14:02:08.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina