Investor alert! Prime Investment Opportunity - 4 Bed/4 Bath Condo Near NCSU! This first-floor 4-bedroom, 4-bathroom condo offers an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2025, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet, making it highly desirable for tenants. Three bedrooms leased at $600/month each (Potential total income of $2,400/month when fully occupied). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced in December 2021, HVAC installed in 2018. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU) Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool Volleyball and basketball courts.
Sold for $272,000
$272,000
1430 Collegiate Cir APT 102, Raleigh, NC 27606
4beds
1,178sqft
Condominium, Residential
Built in 1999
-- sqft lot
$258,900 Zestimate®
$231/sqft
$1,907 Estimated rent
Home value
$258,900
$241,000 - $274,000
$1,907/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:46am
Listed by:
Naama Shaked 919-670-6380,
Berkshire Hathaway HomeService
Bought with:
Christina Valkanoff, 233901
Christina Valkanoff Realty Group
Source: Doorify MLS,MLS#: 10077089
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Water Heater
- Laundry: In Unit
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,178
- Total interior livable area: 1,178 sqft
- Finished area above ground: 1,178
- Finished area below ground: 0
Property
Parking
- Parking features: Common, Parking Lot
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Pool features: Swimming Pool Com/Fee, Community
- Has view: Yes
Details
- Parcel number: 102
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Pool, Sidewalks, Tennis Court(s)
Location
- Region: Raleigh
- Subdivision: University Commons Lake Pk
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $202 monthly
- Amenities included: Pool, Tennis Court(s)
- Services included: Maintenance Grounds, Maintenance Structure, Trash, Water
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Sold | $272,000-2.5%$231/sqft |
Source:  Doorify MLS #10077089 Report a problem | ||
| 5/29/2025 | Pending sale | $279,000$237/sqft |
Source: Doorify MLS #10077089 Report a problem | ||
| 4/22/2025 | Price change | $279,000-2.1%$237/sqft |
Source: Doorify MLS #10077089 Report a problem | ||
| 2/18/2025 | Listed for sale | $285,000+26.7%$242/sqft |
Source: Doorify MLS #10077089 Report a problem | ||
| 6/7/2021 | Sold | $225,000+2.3%$191/sqft |
Source: Doorify MLS #2383710 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 |
Find assessor info on the county website
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 9/10Combs ElementaryGrades: PK-5Distance: 0.9 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 3.4 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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Estimated market value
$258,900