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$438,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
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Discover a rare investment opportunity in Lake Royale, a desirable gated community known for its natural beauty and resort-style amenities. This four-unit building offers spacious layouts, with each unit featuring two bedrooms and two bathrooms across approximately 1,200 square feet. Several units are ready for improvements, creating an excellent opportunity to add additional value. Beyond the property itself, residents enjoy access to all that Lake Royale has to offer, including sandy beaches, boat ramps, docks, a clubhouse, pool, fitness center, tennis and basketball courts, miniature golf, parks, and walking trails. The community fosters a welcoming atmosphere with year-round activities and a strong sense of connection among neighbors. With its blend of recreation, convenience, and security, Lake Royale continues to be one of the area's most sought-after destinations-making this property an excellent choice for investors seeking long-term appeal.

Full Property Details for 22 Carriage Circle

General

  • Price: $438,000
  • HOA FEE: $367/month
  • HOA FEE FREQ.: Annually
  • Taxes: $2,566
  • Status: Active
  • Type: Multi-Family
  • Source: 2218
  • MLS ID: 10123061
  • Updated: 11/24/2025
  • Added to Site: 120 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Kitchen Island, Laminate Counters, Shower Only, Walk-In Shower
  • Fireplace: Yes
  • Number of Fireplaces: 4
  • Fireplace(s): Family Room
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Flooring: Carpet, Linoleum, Tile

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Shared Amenities: Basketball Court, Beach Access, Boat Dock, Clubhouse, Game Court Exterior, Gated, Park, Playground, Pool, Tennis Court(s)
  • Pool: Yes
  • Pool Description: Association, Community

Exterior

  • Exterior Features: Balcony, Rain Gutters
  • Porch/Patio/Deck: Covered, Deck, Patio

Parking

  • Parking Features: Parking Lot, Paved

Location

  • County: Franklin
  • Subdivision: Lake Royale
  • Driving Directions: From Raleigh take I-87/US-264 E/US-64 E. Continue onto US-64 E. Take exit 442 for SR 1737. Turn left onto Tant Rd. Turn right onto Old US Hwy 64. Turn left onto Mulberry Rd. Turn left onto NC-98 W. Turn right onto Sledge Rd. Turn right onto Cheyenne Dr. Turn right onto Shawnee Dr. Turn right onto Sagamore Dr. Turn right onto Horseman Dr. Turn right onto Osage Dr. Turn right onto Carriage Cir. Turn left to stay on Carriage Cir.

School Information

  • Elementary School: Franklin - Ed Best
  • Middle School: Franklin - Bunn
  • High School: Franklin - Bunn

Community

  • Association: Yes
  • Assoc. Fees Include: None

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • # Buildings: 1
  • Structure Type: Quadruplex
  • Exterior Const.: Brick, Masonite
  • Roof: Shingle
  • Stories/Levels: 2
  • Building Size: 4762
  • Square Feet: 4,762
  • Finished Above Grnd: 2,381 Sq. Ft.
  • Finished Below Grnd: 2,381 Sq. Ft.
  • Year Built: 1986

Lot Features

  • Lot Size (Acres): 1.05
  • Lot Size (Sq. Ft.): 45,738

Financial Considerations

  • Association Fee: $4,400
  • Assoc Fee Freq.: Annually
  • Tax Amount: $2,566.9

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 41612
  • Lot Number: 22

Listed by Keller Williams Premier, Koren Bowman (919) 880-1914 and Keller Williams Premier, Marcus Bowman (919) 201-0460

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Listing agents

— 22 Carriage Circle —

  • Koren Bowman

    Keller Williams Premier

  • Marcus Bowman

    Keller Williams Premier

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 22 Carriage Circle

School District:Franklin County Schools
NameGradesDistance
Edward Best Elementary
4011 North Carolina 56, Louisburg, NC 27549
PK-510.1 mi
Bunn Middle
4742 North Carolina 39, Bunn, NC 27508
6-84.8 mi
Bunn High
29 Bunn Elementary School Road, Bunn, NC 27508
9-123.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 22 Carriage Circle Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/24/2025
Price Reduced
$438,000
-2.67%
MLS
9/19/2025
Listed
$450,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Premier, Koren Bowman (919) 880-1914 and Keller Williams Premier, Marcus Bowman (919) 201-0460

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22 Carriage Circle, Louisburg, NC 27549 (MLS# 10123061) is a Multi-Family property with 4 units containing 8 bedrooms and 8 full bathrooms. 22 Carriage Circle is currently listed for $438,000 and was received on September 19, 2025. Want to learn more about 22 Carriage Circle? Do you have questions about finding other Multi-Family real estate for sale in Louisburg? You can browse all Louisburg real estate or contact a Coldwell Banker agent to request more information.

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