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Sold for $261,000
  • $261,000

    1241 University Ct APT 204, Raleigh, NC 27606

    4beds
    1,165sqft
    Condominium, Residential
    Built in 1997
    -- sqft lot
    $260,200 Zestimate®
    $224/sqft
    $1,918 Estimated rent

    Home value

    $260,200

    $247,000 - $273,000

    $1,918/mo

    Zestimate® history
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    What's special

    NCSU PARENTS & STUDENTS & INVESTORS! 
Excellent income-producing property at University Commons - Lake Park! This spacious 4-bedroom, 4-bath condo features four private en suite units, each with its own full bath and walk-in closet — ideal for generating strong, steady rental income. Shared spaces include a comfortable living room, fully equipped kitchen, washer/dryer, and private balcony with outdoor storage. Currently, one bedroom is leased at $800 per month through December 29, 2025, with electricity, water/sewer, and internet included (paid by landlord). The remaining three bedrooms are vacant and ready to rent, offering excellent upside potential. When fully occupied, the property's income potential $3,200/month. Located within walking distance to Lake Johnson, walking trails, and NC State University, with easy access to the WolfLine bus route, downtown Raleigh, and I-40. Community amenities include a pool, volleyball court, and basketball court. Please note: property is tenant-occupied, please note a 24-hour notice required for showings. An outstanding opportunity to own a turnkey, income-producing property or a perfect setup for NCSU students seeking private suites with shared living comfort.

    Zillow last checked: 8 hours ago

    Listing updated: December 23, 2025 at 11:50am

    Listed by:

    Cheryl Perry 805-540-4654,

    Raleigh Realty Inc.

    Bought with:

    Non Member

    Non Member Office

    Source: Doorify MLS,MLS#: 10129562MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
    • Laundry: Laundry Closet
    Features
    • Walk-In Closet(s)
    • Flooring: Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 1,165
    • Total interior livable area: 1,165 sqft
    • Finished area above ground: 1,165
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Open
    • Uncovered spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Pool features: Community
    • Has view: Yes
    Details
    • Parcel number: 0783823950
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Traditional
    • Property subtype: Condominium, Residential
    Materials
    • Vinyl Siding
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1997

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Raleigh
    • Subdivision: University Commons Lake Pk

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $202 monthly
    • Amenities included: Basketball Court, Pool
    • Services included: Maintenance Grounds

    Price history

    DateEventPrice
    12/23/2025Sold$261,000-3%$224/sqft
    Source: Doorify MLS #10129562 Report a problem
    12/11/2025Pending sale$269,000$231/sqft
    Source: Doorify MLS #10129562 Report a problem
    12/4/2025Price change$269,000-6.3%$231/sqft
    Source: Doorify MLS #10129562 Report a problem
    11/24/2025Price change$287,000-3.4%$246/sqft
    Source: Doorify MLS #10129562 Report a problem
    10/24/2025Listed for sale$297,000+60.5%$255/sqft
    Source: Doorify MLS #10129562 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,337 +0.4%$265,680
    2024$2,327 +24.7%$265,680 +56.8%
    2023$1,866 +7.6%$169,391

    Find assessor info on the county website

    Neighborhood: West Raleigh

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Wake - Combs
    • Middle: Wake - Centennial Campus
    • High: Wake - Athens Dr

    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$260,200
    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
    $260,200