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1140 Carlton Avenue , #201

Raleigh, NC 27606
  • $285,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 10087509
UPDATED: 69 min ago
$285,000
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,287
    SQFT
  • $221
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1999
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Triangle MLS logoListing courtesy of Keller Williams Elite Realty: .
© 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.

Description

Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1,975/month in rental income, with tenants responsible for their own internet. Water, parking, and trash included in HOA fee. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.

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Triangle MLS logo©2025 Doorify MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-04-29T06:50:44.943.
www.thetrianglehomesearch.com/homes/162308242
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1140 Carlton Avenue , #201 Raleigh, NC 27606

  • Price: $285,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 69 min ago
  • ID#: 10087509
4
Beds
4
Baths
0
½ Baths
N/A
Acres
1,287
SQFT
$221
$/SQFT
1999
Built
Neighborhood:
University Oaks
County:
Wake
Area:
Raleigh
Elementary School:
Wake County Schools
Middle School:
Wake County Schools
High School:
Wake County Schools
Property Description
Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1,975/month in rental income, with tenants responsible for their own internet. Water, parking, and trash included in HOA fee. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.
Exterior Features

Architectural Style Traditional Construction Materials Vinyl Siding Foundation Details Other Garage YN No Levels One Open Parking YN Yes Pool Private YN No Roof Shingle Waterfront YN No

Interior Features

Above Grade Finished Area 1287 Below Grade Finished Area 0 Cooling Central AirHeat Pump Cooling YN Yes Fireplace YN No Flooring CarpetVinyl Heating Forced AirHeat Pump Heating YN Yes Rooms Total 6

Property Features

Association Fee 300 Association Fee Frequency Monthly Association Fee Includes ElectricityMaintenance GroundsRoad MaintenanceTrashWater Association YN Yes HOA1 Required Yes Lease Term 12 Months New Construction YN No Property Sub Type Condominium Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 2226.33 View YN Yes Water Source Public



Triangle MLS logo©2025 Doorify MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-04-29T06:50:44.943.
 
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Mallard Realty Group
318 Cloister Court
Chapel Hill NC, 27514
Triangle MLS logoListing courtesy of Keller Williams Elite Realty: .
© 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.