Investor special or parent special! Interested in owning your own condo or creating a rental portfolio? Ever dreamed of wanting a passive income? Have a child headed to NC State but don't want to pay ridiculous rental prices? This is your chance! 4 bedroom, 4 bathroom located on the third floor providing numerous opportunities for investors or those looking to have one room to themselves and rent the other three. Unit has four residential lease agreements in effect providing net income opportunities. Total Rental Income is $1,640/month right now while leases are still in effect. Tenants are covering their own utilities. Walking distance to NC State. This property has the opportunity to include another unit. Please refer to MLS Listing Number 10018150 for more information.
Sold for $277,000 on 04/29/24
$277,000
1140 Carlton Ave APT 303, Raleigh, NC 27606
4beds
1,287sqft
Condominium, Residential, Multi Family
Built in 1999
-- sqft lot
$273,700 Zestimate®
$215/sqft
$2,897 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:14am
Listed by:
Marisa Warren Chatman 919-616-8690,
Winland Realty, LLC
Bought with:
Non Member
Non Member Office
Source: Doorify MLS,MLS#: 10018149
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Freezer, Refrigerator, Washer/Dryer Stacked, Water Heater
- Laundry: In Unit
Features
- Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Laminate Counters
- Flooring: Carpet, Vinyl
- Windows: Blinds
- Common walls with other units/homes: 2+ Common Walls, End Unit
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
- Parking features: Additional Parking, Common, Off Street, On Site, Outside, Parking Lot, Paved, Permit Required
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Porch, Rear Porch
- Exterior features: Storage
- Has view: Yes
Lot
- Features: Paved
Details
- Parcel number: 0256284
- Special conditions: Seller Licensed Real Estate Professional
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: Raleigh
- Subdivision: University Oaks
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $300 monthly
- Amenities included: Landscaping, Maintenance Grounds, Management, Parking, Trash
- Services included: Maintenance Grounds, Road Maintenance, Trash, Water
Other
Other facts
- Road surface type: Asphalt, Paved
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Estimated market value
$273,700