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Sold for $278,500
  • $278,500

    1140 Carlton Ave APT 201, Raleigh, NC 27606

    4beds
    1,287sqft
    Condominium
    Built in 1999
    -- sqft lot
    $274,000 Zestimate®
    $216/sqft
    $1,858 Estimated rent

    Home value

    $274,000

    $260,000 - $290,000

    $1,858/mo

    Zestimate® history
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    $1,858/mo

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    $2,025/mo

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    What's special

    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.

    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#: 10087509MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 4
    Primary bedroom
    • Level: Main
    Bedroom 2
    • Level: Main
    Bedroom 3
    • Level: Main
    Bedroom 4
    • Level: Main
    Family room
    • Level: Main
    Kitchen
    • Level: Main
    Laundry
    • Level: Main
    Heating
    • Forced Air, Heat Pump
    Cooling
    • Central Air, Heat Pump
    Features
    • Flooring: Carpet, Vinyl
    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
    Details
    • Parcel number: 0793.05292951 0045445
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Traditional
    • Property subtype: Condominium
    Materials
    • Vinyl Siding
    • Foundation: Other
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1999

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: University Oaks
    HOA
    • Has HOA: Yes
    • Services included: Electricity, Maintenance Grounds, Trash, Water, Road Maintenance
    • HOA fee: $300 monthly
    • HOA name: Preiss Company
    • HOA phone: 919-870-5080
    Location
    • Region: Raleigh

    Financial & listing details

    • Price per square foot: $216/sqft
    • Tax assessed value: $254,039
    • Annual tax amount: $2,226
    • Date on market: 4/7/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Lease term: 12 Months

    Price history

    DateEventPrice
    3/2/2026Listed for rent$605
    Source: Zillow Rentals Report a problem
    7/24/2025Sold$278,500-2.3%$216/sqft
    Source: Doorify MLS #10087509 Report a problem
    6/9/2025Pending sale$285,000$221/sqft
    Source: Doorify MLS #10087509 Report a problem
    4/7/2025Listed for sale$285,000+136.5%$221/sqft
    Source: Doorify MLS #10087509 Report a problem
    7/12/2006Sold$120,500+7.6%$94/sqft
    Source: Public Record Report a problem
    7/22/2003Sold$112,000$87/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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
    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
    $274,000
    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
    $274,000