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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.

12 Beds ⋅ 12 Baths ⋅ 10197555 MLS

616 Rocky Knob Ct, Raleigh

$549,000

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.

4 Beds ⋅ 4 Baths ⋅ 10195588 MLS

610 Rocky Knob Ct, Raleigh

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .

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