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.
Sold for $278,500
$278,500
1140 Carlton Ave APT 201, Raleigh, NC 27606
4beds
1,287sqft
Condominium, Residential
Built in 1999
-- sqft lot
$275,800 Zestimate®
$216/sqft
$1,817 Estimated rent
Home value
$275,800
$262,000 - $290,000
$1,817/mo
Zestimate® history
Owner options
List your home for rent
$1,817/mo
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$1,817/mo
Rent Zestimate®
Refinance and save
$1,952/mo
Est. payment
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$1,952/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Dona Aguayo 919-641-5819,
Keller Williams Elite Realty
Bought with:
Cris Mulroy, 321626
Berkshire Hathaway HomeService
Source: Doorify MLS,MLS#: 10087509
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,287
- Total interior livable area: 1,287 sqft
- Finished area above ground: 1,287
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Open
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Has view: Yes
Details
- Parcel number: 0793.05292951 0045445
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: University Oaks
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $300 monthly
- Services included: Electricity, Maintenance Grounds, Road Maintenance, Trash, Water
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Listed for rent | $605 |
Source: Zillow Rentals Report a problem | ||
| 7/24/2025 | Sold | $278,500-2.3%$216/sqft |
Source:  Doorify MLS #10087509 Report a problem | ||
| 6/9/2025 | Pending sale | $285,000$221/sqft |
Source: Doorify MLS #10087509 Report a problem | ||
| 4/7/2025 | Listed for sale | $285,000+136.5%$221/sqft |
Source: Doorify MLS #10087509 Report a problem | ||
| 7/12/2006 | Sold | $120,500+7.6%$94/sqft |
Source: Public Record Report a problem | ||
| 7/22/2003 | Sold | $112,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,235 +0.4% | $254,039 |
| 2024 | $2,226 +16.5% | $254,039 +46.4% |
| 2023 | $1,912 +7.6% | $173,548 |
| 2022 | $1,777 +4% | $173,548 |
| 2021 | $1,709 +1.8% | $173,548 |
| 2020 | $1,678 +22.6% | $173,548 +49.2% |
| 2019 | $1,368 | $116,327 |
| 2018 | $1,368 +11.2% | $116,327 |
| 2017 | $1,230 +2.1% | $116,327 |
| 2016 | $1,205 -1.4% | $116,327 +0.2% |
| 2015 | $1,223 +5.4% | $116,130 |
| 2014 | $1,160 | $116,130 |
| 2013 | -- | $116,130 |
| 2012 | -- | $116,130 |
| 2011 | -- | $116,130 |
| 2010 | -- | $116,130 |
| 2009 | -- | $116,130 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
Find assessor info on the county website
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 6/10Olds ElementaryGrades: PK-5Distance: 1 mi
- 7/10Martin MiddleGrades: 6-8Distance: 2 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
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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Estimated market value
$275,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$275,800
- North Carolina
- Wake County
- Raleigh
- 27606
- West Raleigh
- 1140 Carlton Ave Apartment 201
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