For sale

$290,000

1331 Crab Orchard Dr APT 303, Raleigh, NC 27606

4beds

1,071sqft

$2,126/mo

Get pre-qualified

Apartment

Built in 1997

-- sqft lot

$283,800 Zestimate^®

$271/sqft

$202/mo HOA

What's special

Four private bedrooms

Attention investors this is the one you've been waiting for. Unit 303 at 1331 Crab Orchard Drive is a spacious 4-bedroom, 4-bathroom apartment just minutes from NC State University, offering immediate rental income potential in one of Raleigh's most consistently in-demand rental corridors. With four private bedrooms, this unit is perfectly configured for student housing or young professionals commanding strong per-room rental rates year after year. Come in making money from day one. Priced at $290,000, this is a rare opportunity to add a high-performing asset to your portfolio at an accessible entry point. Whether you're a seasoned investor or making your first move into real estate, the numbers work here. Schedule your showing today. Opportunities like this don't sit long.

73 days
117
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Primary bedroom

Level: Main

Bedroom 2

Level: Main

Bedroom 3

Level: Main

Bedroom 4

Level: Main

Heating

Electric

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Cooktop

Features

Flooring: Laminate, Luxury Vinyl

Interior area

Total structure area: 1,071
Total interior livable area: 1,071 sqft
Finished area above ground: 1,071
Finished area below ground: 0

Property

Parking

Parking features: Open
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Details

Parcel number: 0783822614
Special conditions: Standard

Construction

Type & style

Home type: Apartment
Architectural style: Traditional
Property subtype: Apartment

Materials

Vinyl Siding
Foundation: Slab
Roof: Tile

Condition

New construction: No
Year built: 1997

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: University Commons Lake Pk

HOA

Has HOA: Yes
Services included: Unknown
HOA fee: $202 monthly
HOA name: Wilson Property Management
HOA phone: 919-782-1717

Location

Region: Raleigh

Financial & listing details

Price per square foot: $271/sqft
Tax assessed value: $270,312
Annual tax amount: $2,477
Date on market: 7/30/2026
Listing agreement: Exclusive Agency
Listing terms: Cash,Conventional
Lease term: 12 Months

Estimated market value

$283,800

$270,000 - $298,000

$1,499/mo

Price history

Date	Event	Price
7/30/2026	Listed for sale	$290,000$271/sqft
Source: Doorify MLS #10183458 Report a problem
7/1/2026	Listing removed	$290,000$271/sqft
Source: eXp Realty #10141229 Report a problem
1/17/2026	Listed for sale	$290,000+7.4%$271/sqft
Source: eXp Realty #10141229 Report a problem
4/12/2023	Sold	$270,000$252/sqft
Source: Public Record Report a problem
3/5/2023	Contingent	$270,000$252/sqft
Source: Doorify MLS #2495782 Report a problem
2/18/2023	Listed for sale	$270,000$252/sqft
Source: Doorify MLS #2495782 Report a problem
10/8/2018	Listing removed	$1,300$1/sqft
Source: Triangle Investment Realty #2184936 Report a problem
4/14/2018	Listed for rent	$1,300$1/sqft
Source: Triangle Investment Realty #2184936 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,377 +0.4%	$270,312
2024	$2,368 +24.5%	$270,312 +56.6%
2023	$1,902 +7.6%	$172,657
2022	$1,768 +4%	$172,657
2021	$1,700 +1.8%	$172,657
2020	$1,669 +30%	$172,657 +58.2%
2019	$1,284	$109,107
2018	$1,284 +11.2%	$109,107
2017	$1,155 +2.1%	$109,107
2016	$1,132 +8.1%	$109,107 +10.1%
2015	$1,046 +5.4%	$99,123
2014	$993	$99,123
2013	--	$99,123
2012	--	$99,123
2011	--	$99,123
2010	--	$99,123
2009	--	$99,123
2008	--	--
2007	--	--
2006	--	--