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Chris Pappalardo

Owner | The Chris Pappalardo Team | KW One

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1006 Carlton Ave , Raleigh, NC 27606
$439,000
Est. Payment: $975.56/mo
4 Bed
2 Bath
1285 Sqft
Status: Active | Days on site: 16
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House Description

Exceptional investment opportunity one block from NC State University—just a three-minute walk to campus! Designed for strong rental flexibility, the property offers four bedrooms, two full baths, and an additional flex space that could serve as a fifth bedroom, office, or study. If rented with 5 bedroom spaces monthly cash flow could easily surpass $4,000, giving an investor the potential to maximize rental income and cash flow. Residents can walk to classes, Greek Village, restaurants, shopping, and everyday conveniences, helping drive consistent demand. See attached survey for likely placement of an optional ADU, which offers additional upside and value add. With its highly desirable location and income-producing potential, this property offers a rare opportunity to own rental housing in the heart of the NC State community.

Highlights

Listed by George Patrick III , 919-278-7420 Berkshire Hathaway HomeService , 919-782-6641.

Property Type

Residential

Lot/Acreage
0.14

Year Built

1950

County

Wake

Neighborhood

Not in a Subdivision

Listing ID

10189998

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Electric Range, Free-Standing Range, Microwave, Stainless Steel Appliance(s)
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Vinyl,Wood
Above Ground Sq Ft:1285
Below Ground Sq Ft:0
Other:
  • Additional:Laminate Counters, Track Lighting
Water:Public

Exterior Features

Lot:Back Yard
Zoning:RX-3
Roof:Shingle
Others:
  • Additional:Private Yard, Rain Gutters, Deck
Sewer:Public Sewer
Parking Features:Concrete,Driveway,Parking Pad
Principal Interest
$976
Taxes
$239

Home Price

$439,000

Loan Details

30 yrs
%

Down Payment

20%
$87,800
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Monthly Price:
$975.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $975.56 $239.39 $0.00 $1,214.94
Yearly $11,706.67 $2,872.67 $0.00 $14,579.34
Total $351,200.00 $86,180.10 $0.00 $437,380.10

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.