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$265,000
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Property Description
Excellent investment property ideally located within close proximity to NC State University. This spacious third-floor unit features 4 bedrooms and 4 bathrooms, making it highly desirable for student housing or shared living. Remodeled in 2021, the unit offers modern upgrades including new appliances (dishwasher and refrigerator), fresh paint, and durable LVP flooring throughout. HOA initiated a re-roofing project, and it is in progress. Each bedroom includes its own private bathroom and walk-in closet, providing maximum privacy and convenience for residents. The property is already tenant-occupied through the end of July at $675 per room ($ 2,700/month), offering immediate rental income. Whether you're expanding your portfolio or looking for a turnkey rental, this property combines location, upgrades, and strong rental appeal.
Full Property Details
Full Property Details for 1120 Carlton Ave #301
General
- Sold For: $265,000
- HOA FEE: $325/month
- Taxes: $2,235 (2025)
- Status: Closed
- Type: Condo
- Source: 2218
- MLS ID: 10155301
- Added to Site: 202 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Number of Rooms: 6
- Appliances: Dishwasher, Dryer, Electric Cooktop, Free-Standing Electric Range, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater
- Flooring: Luxury Vinyl, Plank
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Shared Amenities: Hot Water
Exterior
- Porch/Patio/Deck: Covered, Deck
Parking
- Total Spaces: 4
- Parking Features: Parking Lot, Paved
Location
- County: Wake
- Subdivision: University Oaks
School Information
- Elementary School: Wake - Dillard
- Middle School: Wake - Centennial Campus
- High School: Wake - Athens Dr
Community
- Association: Yes
- Assoc. Name: University Oak HOA
- Assoc. Fees Include: Maintenance Grounds, Maintenance Structure, Road Maintenance, Storm Water Maintenance
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Electricity Connected, Sewer Connected, Water Available
Structural Information
- Architectural Style: Traditional
- Structure Type: Site Built
- Exterior Const.: Vinyl Siding
- Roof: Shingle
- Windows: Blinds
- Building Size: 1287
- Square Feet: 1,287
- Living Area: 1,287 Sq. Ft.
- Finished Above Grnd: 1,287 Sq. Ft.
- Year Built: 1999
- Property Condition: Updated/Remodeled
Lot Features
- Frontage: City Street, Private Road
- Street/Road Desc.: Asphalt
Green Features
- Energy Efficient: Appliances
Financial Considerations
- Association Fee: Yes
- Association Fee: $325
- Assoc Fee Freq.: Monthly
- Tax Amount: $2,235.48
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan, USDA Loan
Disclosures and Reports
- Special Conditions: Standard
- APN: 0793 29 29
- Lot Number: 0793 29 29
Listed by Real Broker LLC, Haadi Sadaghiani (925) 750-3044
Sold by Non Member Office, Non Member
Get Pre-Approved Today
Schools
Schools serving 1120 Carlton Ave #301
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Olds Elementary 204 Dixie Trail, Raleigh, NC 27607 | PK-5 | 1.1 mi |
Martin Middle 1701 Ridge Road, Raleigh, NC 27607 | 6-8 | 2 mi |
Athens Drive High 1420 Athens Drive, Raleigh, NC 27606 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1120 Carlton Ave #301
Date
Details
Price
Change
Source
5/29/2026
Sold
$265,000
-2.93%
MLS
3/25/2026
Listed
$273,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1120 Carlton Avenue #301, Raleigh, NC 27606 (MLS# 10155301) is a Condo property that was sold at $265,000 on May 29, 2026. Want to learn more about 1120 Carlton Avenue #301? Do you have questions about finding other Condo real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

