Prime RTP Investment Opportunity – Morrisville, NC
Welcome to 1023 Tea Time Trail, Morrisville, NC 27560, located in the highly desirable Tanglewood community, right off Page Road and in the heart of the Research Triangle Park (RTP) area.
This property offers an exceptional combination of location, convenience, rental income, and investment potential. It is just approximately 2 minutes from Briar Creek, providing easy access to excellent shopping, dining, entertainment, and everyday amenities. The home is also conveniently located near RTP's major technology and corporate employers, making it highly attractive to professionals and long-term renters.
One of the property's biggest advantages for investors is that a tenant is already secured with a signed two-year lease through July 2028, providing the potential for stable rental income from day one.
The location is hard to beat. RDU International Airport is approximately 5 minutes away, making the property extremely convenient for frequent business and leisure travelers. Major highways and roadways also provide easy access to Raleigh, Durham, Cary, RTP, and surrounding areas.
The home includes a Tesla Wall Charger, an excellent modern feature for EV owners and technology-focused renters.
Tanglewood Community Amenities
The secure and well-maintained Tanglewood community offers attractive amenities, including:
A large community swimming pool, typically open for approximately 8 months of the year, with seasonal closure during winter.
A large dog park, ideal for pet owners.
A welcoming and convenient community environment.
Easy access to shopping, restaurants, employment centers, and entertainment.
Why This Is a Great Investment
This property is particularly attractive because of its strategic location near RTP, major technology companies, RDU Airport, Briar Creek, shopping, dining, and major transportation routes. The existing long-term lease through July 2028 adds additional appeal for investors seeking an established rental property.
Reason for Selling
The property is being sold only because of a professional relocation to Texas. There is no other reason behind the sale. The property, tenant situation, community, and location have been excellent; the sale is simply due to my career-related move.
1023 Tea Time Trail is a fantastic opportunity for an investor or homeowner looking for a property in one of the most strategically located areas of Morrisville and RTP — combining an excellent location, established rental income, modern EV charging, community amenities, and outstanding access to everything the Triangle has to offer.
For sale by owner
$402,000
1023 Tea Time Trl, Morrisville, NC 27560
3beds
1,832sqft
Townhouse
Built in 2024
1,742 Square Feet Lot
$-- Zestimate®
$219/sqft
$232/mo HOA
What's special
Large community swimming poolModern ev chargingLarge dog parkTesla wall charger
What the owner loves about this home
Corner Unit, Premium Blinds and lot of natural light inside the home, and EV charging setup in-place for Tesla and can be used for other EVs as well, woods in the back of Master bedroom view, so kind of privacy for any owners.
Note: Wall Charger EV Tesla, All Appliances Including Refrigerator, Washer, Dryer everything is included in sale prices.
- 42 days
- 190
- 4
Listed by:
Property Owner (361) 228-3891
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3.5
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Gas
Cooling
- Central
Interior area
- Total interior livable area: 1,832 sqft
Property
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 234028
Construction
Type & style
- Home type: Townhouse
Condition
- New construction: No
- Year built: 2024
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $232 monthly
Location
- Region: Morrisville
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $396,281
- Annual tax amount: $3,928
- Date on market: 8/25/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,338/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $402,000$219/sqft |
Source: Owner Report a problem | ||
| 6/25/2026 | Listing removed | $2,050$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/9/2026 | Price change | $2,050-2.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/19/2026 | Price change | $2,095-3.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2026 | Listed for rent | $2,175+6.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/12/2026 | Listing removed | $2,050$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/2/2026 | Price change | $2,050-4.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Listed for rent | $2,150-4.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/10/2025 | Listing removed | $2,249$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/24/2025 | Price change | $2,2490%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/20/2025 | Price change | $2,250-0.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/19/2025 | Price change | $2,2610%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/17/2025 | Price change | $2,2620%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/11/2025 | Price change | $2,2630%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2025 | Price change | $2,2640%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/20/2025 | Price change | $2,265-0.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/10/2025 | Listed for rent | $2,275$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/9/2024 | Sold | $402,000$219/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,928 | $396,281 +119.3% |
| 2024 | -- | $180,690 +201.1% |
| 2023 | $786 | $60,000 |
Find assessor info on the county website
Monthly payment
Est. payment







