Turnkey Investment Condo Near NC State | High Rental Demand Great opportunity to acquire a low-maintenance, income-producing condo at 1420 Collegiate Circle, Unit 102, ideally located just minutes from NC State University. This ground-level unit sits in a proven rental market with consistent demand from students, faculty, and young professionals. The functional floor plan and easy first-floor access make this unit attractive to renters and simple to manage. Close proximity to I-40, I-440, Downtown Raleigh, shopping, dining, PNC Arena, and State Fairgrounds further strengthens long-term rental appeal. Condo living offers predictable expenses and minimal exterior maintenance, making this property well-suited for buy-and-hold investors, portfolio additions, or first-time investors seeking reliable occupancy. Strong location. Immediate rental potential. Priced to move.
For sale
$290,000
1420 Collegiate Cir, Raleigh, NC 27606
4beds
1,071sqft
Est.:
Apartment, Residential
Built in 1997
-- sqft lot
$-- Zestimate®
$271/sqft
$202/mo HOA
What's special
- 3 days |
- 128 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: January 17, 2026 at 12:18am
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
Features
- Levels: One
- Stories: 1
- Has view: Yes
Details
- Parcel number: 0783826312
- Special conditions: Standard
Construction
Type & style
- Home type: Apartment
- Architectural style: Traditional
- Property subtype: Apartment, Residential
- Attached to another structure: Yes
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: $172,657
- Annual tax amount: $2,377
- Date on market: 1/17/2026
- Lease term: 12 Months
Estimated market value
Not available
Estimated sales range
Not available
$2,126/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2007 | Sold | $102,000$95/sqft |
Source: Doorify MLS #916172 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $1,768 +4% | $172,657 |
| 2021 | $1,700 +1.8% | $172,657 |
| 2020 | $1,669 +30% | $172,657 +58.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,849/mo
Principal & interest
$1381
HOA Fees
$202
Other costs
$266
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.
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