Exceptional investment opportunity one block from NC State University—just a three-minute walk to campus! Designed for strong rental flexibility, the property offers four bedrooms, two full baths, and an additional flex space that could serve as a fifth bedroom, office, or study. If rented with 5 bedroom spaces monthly cash flow could easily surpass $4,000, giving an investor the potential to maximize rental income and cash flow. Residents can walk to classes, Greek Village, restaurants, shopping, and everyday conveniences, helping drive consistent demand. See attached survey for likely placement of an optional ADU, which offers additional upside and value add. With its highly desirable location and income-producing potential, this property offers a rare opportunity to own rental housing in the heart of the NC State community.
For sale
$439,000
1006 Carlton Ave, Raleigh, NC 27606
4beds
1,285sqft
Single Family Residence
Built in 1950
6,098 Square Feet Lot
$428,100 Zestimate®
$342/sqft
$-- HOA
What's special
Additional flex spaceFour bedrooms
- 9 days
- 293
- 23
Zillow last checked:
Listing updated:
Listed by:
George Patrick III 919-278-7420,
Berkshire Hathaway HomeService
Source: Doorify MLS,MLS#: 10189998
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 127.92 Square Feet
- Dimensions: 9.42 x 13.58
Bedroom 2
- Level: Main
- Area: 106.15 Square Feet
- Dimensions: 9.58 x 11.08
Bedroom 3
- Level: Second
- Area: 109.25 Square Feet
- Dimensions: 9.5 x 11.5
Bedroom 4
- Level: Second
- Area: 103.5 Square Feet
- Dimensions: 9.0 x 11.5
Dining room
- Level: Main
- Area: 125.88 Square Feet
- Dimensions: 9.5 x 13.25
Other
- Level: Main
- Area: 95.73 Square Feet
- Dimensions: 9.67 x 9.9
Kitchen
- Level: Main
- Area: 130.37 Square Feet
- Dimensions: 9.6 x 13.58
Living room
- Level: Main
- Area: 122.56 Square Feet
- Dimensions: 9.25 x 13.25
Heating
- Central, Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Free-Standing Range, Microwave, Stainless Steel Appliance(s)
Features
- Laminate Counters, Track Lighting
- Flooring: Carpet, Luxury Vinyl, Wood
Interior area
- Total structure area: 1,285
- Total interior livable area: 1,285 sqft
- Finished area above ground: 1,285
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Driveway, Parking Pad
- Uncovered spaces: 4
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Levels: One,One and One Half
- Stories: 1
- Patio & porch: Deck
- Exterior features: Private Yard, Rain Gutters
- Fencing: Back Yard,Fenced
Lot
- Size: 6,098 Square Feet
- Features: Back Yard
Details
- Parcel number: 079417203466000 0035155
- Zoning: RX-3
- Special conditions: Seller Licensed Real Estate Professional
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod,Traditional
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Foundation: Crawlspace
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $327,104
- Annual tax amount: $2,872
- Date on market: 9/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$428,100
$407,000 - $450,000
$1,148/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Listed for sale | $439,000-7.6%$342/sqft |
Source:  Doorify MLS #10189998 Report a problem | ||
| 6/18/2026 | Listing removed | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/28/2026 | Listed for rent | $3,000+20%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/6/2025 | Listing removed | $475,000$370/sqft |
Source: Doorify MLS #10127969 Report a problem | ||
| 10/26/2025 | Listing removed | $2,500$2/sqft |
Source: Doorify MLS #10103752 Report a problem | ||
| 10/16/2025 | Listed for sale | $475,000$370/sqft |
Source: Doorify MLS #10127969 Report a problem | ||
| 6/18/2025 | Listed for rent | $2,500$2/sqft |
Source: Doorify MLS #10103752 Report a problem | ||
| 11/1/2023 | Listing removed | -- |
Source: Doorify MLS #2494921 Report a problem | ||
| 8/11/2023 | Listed for sale | $475,000$370/sqft |
Source: Doorify MLS #2494921 Report a problem | ||
| 7/28/2023 | Contingent | $475,000$370/sqft |
Source: Doorify MLS #2494921 Report a problem | ||
| 7/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/5/2023 | Listed for rent | $2,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/5/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/30/2023 | Listed for rent | $2,500+22%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/16/2023 | Price change | $475,000-2.1%$370/sqft |
Source: Doorify MLS #2494921 Report a problem | ||
| 3/15/2023 | Price change | $485,000-2%$377/sqft |
Source: Doorify MLS #2494921 Report a problem | ||
| 3/7/2023 | Price change | $495,000-10%$385/sqft |
Source: Doorify MLS #2494921 Report a problem | ||
| 2/13/2023 | Listed for sale | $550,000+48.6%$428/sqft |
Source: Doorify MLS #2494921 Report a problem | ||
| 6/10/2022 | Sold | $370,000-7.3%$288/sqft |
Source: Public Record Report a problem | ||
| 4/15/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/13/2022 | Contingent | $399,000$311/sqft |
Source: Doorify MLS #2433509 Report a problem | ||
| 4/9/2022 | Listed for rent | $2,050$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/5/2022 | Price change | $399,000-7.2%$311/sqft |
Source: Doorify MLS #2433509 Report a problem | ||
| 3/11/2022 | Listed for sale | $430,000+168.8%$335/sqft |
Source: Doorify MLS #2433509 Report a problem | ||
| 2/26/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 1/5/2022 | Listed for rent | $2,050$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/19/2013 | Sold | $160,000+5.3%$125/sqft |
Source: Public Record Report a problem | ||
| 12/31/2008 | Sold | $152,000$118/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,873 -19.9% | $327,104 -20.4% |
| 2024 | $3,587 +65.5% | $410,723 +108.4% |
| 2023 | $2,168 +7.6% | $197,050 |
| 2022 | $2,015 +4% | $197,050 |
| 2021 | $1,937 +1.8% | $197,050 |
| 2020 | $1,902 +1.7% | $197,050 +23.4% |
| 2019 | $1,871 | $159,731 +0.3% |
| 2018 | $1,871 +11.8% | $159,232 +0.1% |
| 2017 | $1,674 +2.1% | $159,023 |
| 2016 | $1,640 +7.3% | $159,023 +9.1% |
| 2015 | $1,529 +5.4% | $145,731 |
| 2014 | $1,451 | $145,731 +132.3% |
| 2013 | -- | $62,739 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Raleigh
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Olds Elementary
- Middle: Wake - Martin Middle
- High: Wake - Athens Drive High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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