1140 Carlton Ave # 201, Raleigh, NC 27606
$285,000
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Home Description
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 utilities, water and electricity are covered by the HOA. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.
- # Fireplaces: 0
- Flooring: Carpet,Vinyl
- Full Baths: 4
- Half Baths: 0
- Construction Materials: Vinyl Siding
- Roof: Shingle
- Foundation: Other
Available now at $285,000
Approximate Room Sizes/Locations
| Family Room | | | Main |
| Kitchen | | | Main |
| Laundry | | | Main |
- Property Type: Condominium
- Style: Traditional
- Levels: One
- New Construction: No
- Heating: Forced Air,Heat Pump
- Cooling: Central Air,Heat Pump
- Water Source: Public
- Sewer: Public Sewer
- Association Fee 1: $300 Monthly
- Total HOA Dues: $3,600.00
- Annual Taxes: $2,226.33
- Listing Office: Keller Williams Elite Realty
- List Status: Active
Neighborhood
The average asking price of a 4 bedroom Raleigh home in this zip code is
$1,178,679 (313.6% more than this home).
This home is priced at $221/sqft,
which is 41.8% less than similar homes
in the 27606 zip code.
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School Information
- Elementary:Wake County Schools
- Middle School:Wake County Schools
- High School:Wake County Schools
Financial
Area Stats
These statistics are updated daily from the Triangle Multiple Listing Services, Inc. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(336) 414-5553 and speak with one of our real estate consultants.
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21.1%
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311
0.0%
29.9%
48
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296
0.7%
26.4%
60
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428
1.6%
43.7%
70
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926
2.3%
38.6%
65
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540
2.0%
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77
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264
1.1%
32.6%
64
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0.0%
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67
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161
1.2%
31.7%
50
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164
0.0%
55.5%
77
$698,468
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40
10.0%
32.5%
44
$524,261
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82
1.2%
41.5%
67
$788,174
$589,240
442
1.4%
32.6%
77
$505,455
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333
1.8%
35.1%
78
$626,557
$579,900
225
0.4%
32.4%
89
$483,112
$392,202
276
1.1%
31.2%
71
Listing Courtesy of Keller Williams Elite Realty.
For information or to schedule a viewing of this property (MLS# 10087509), call: 336-414-5553
1140 Carlton Ave # 201, Raleigh NC is a single family home of 1287 sqft and
is currently priced at $285,000
.
This single family home has 4 bedrooms.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Raleigh, NC.
Mallard Crossing, Red Wolf Crossing and Carolina Heights are nearby neighborhoods.
MLS 10087509 has been posted on this site since 4/7/2025 (today).
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database.
Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely
in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall
be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers� personal,
non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved. Listings last updated 4/15/2025.