Investor Alert High-Demand NC State Rental with Immediate Income Potential. This is the one investors wait for. A true 4-bedroom, 4-bath layout each bedroom with its own private bathroom designed to maximize rental income, minimize vacancy, and attract premium tenants year after year. Located in the heart of West Raleigh, just minutes to NC State University, Lake Johnson, Downtown Raleigh, I-40, I-440, PNC Arena, and the State Fairgrounds, this property sits directly in one of the strongest rental corridors in the Triangle where demand consistently outpaces supply. The top-floor position offers added privacy (a major tenant draw), while the low-maintenance condo lifestyle and HOA coverage create predictable expenses and hands-off ownership--ideal for scaling your portfolio or securing your first income-producing asset. Investor Highlights: • Proven high-demand 4/4 roommate layout • Strong rental potential per bedroom • Consistent tenant pool from NC State + surrounding employers • Low-maintenance, turnkey opportunity Whether you're house hacking, expanding your portfolio, or securing a long-term hold, this property is positioned to perform. Opportunities like this move fast in this location schedule your showing and submit your offer before it's gone. I
For sale
$290,000
1420 Collegiate Cir APT 102, Raleigh, NC 27606
4beds
1,071sqft
Est.:
Condominium, Residential
Built in 1997
-- sqft lot
$284,600 Zestimate®
$271/sqft
$202/mo HOA
What's special
- 97 days |
- 45 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Casey Styers 336-416-3078,
EXP Realty LLC
Source: Doorify MLS,MLS#: 10141240
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric
Cooling
- Central Air
Features
- Flooring: 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
- Has view: Yes
Details
- Parcel number: 0783826312
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Tile
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: University Commons Lake Pk
HOA
- Has HOA: Yes
- Services included: Unknown
- HOA fee: $202 monthly
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $271/sqft
- Tax assessed value: $270,312
- Annual tax amount: $2,377
- Date on market: 1/17/2026
- Lease term: 12 Months
Estimated market value
$284,600
$270,000 - $299,000
$2,070/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2026 | Listed for sale | $290,000+9.4%$271/sqft |
Source: eXp Realty #10141240 Report a problem | ||
| 4/13/2023 | Sold | $265,000-1.9%$247/sqft |
Source: | ||
| 3/6/2023 | Pending sale | $270,000$252/sqft |
Source: | ||
| 3/3/2023 | Listed for sale | $270,000+137.9%$252/sqft |
Source: | ||
| 9/30/2003 | Sold | $113,500-0.9%$106/sqft |
Source: Public Record Report a problem | ||
| 8/3/1999 | Sold | $114,500$107/sqft |
Source: Public Record 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 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$1,757/mo
Principal & interest
$1391
HOA Fees
$202
Property taxes
$164
More affordability tools
Climate risks
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 9/10Combs ElementaryGrades: PK-5Distance: 0.9 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 3.5 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27606
- West Raleigh
- 1420 Collegiate Cir Apartment 102




