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$290,000
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Property Description
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
Full Property Details
Full Property Details for 1420 Collegiate Cir
General
- Price: $290,000
- HOA FEE: $202/month
- Taxes: $2,377
- Status: Active
- Type: Condo
- Source: 2218
- MLS ID: 10141240
- Updated: 4/1/2026
- Added to Site: 80 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Number of Rooms: 4
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Location
- County: Wake
- Subdivision: University Commons Lake Pk
- Driving Directions: Take I-40 to Exit 295 (Gorman Street) -- this is the exit for Gorman Street toward Raleigh/State Fairgrounds. Head north on Gorman Street after exiting the freeway. Turn left onto Avent Ferry Road. Continue on Avent Ferry, then turn left onto Crab Orchard Drive. Follow Crab Orchard Drive into the Lake Park/University Commons Turn left on Collegiate
- City Limits: Yes
School Information
- Elementary School: Wake County Schools
- Middle School: Wake County Schools
- High School: Wake County Schools
Community
- Association: Yes
- Assoc. Fees Include: Unknown
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available
Structural Information
- Architectural Style: Traditional
- Structure Type: Other
- Exterior Const.: Vinyl Siding
- Roof: Tile
- Building Size: 1071
- Square Feet: 1,071
- Finished Above Grnd: 1,071 Sq. Ft.
- Year Built: 1997
Financial Considerations
- Association Fee: $202
- Assoc Fee Freq.: Monthly
- Tax Amount: $2,377.3
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 783826312
Listed by EXP Realty LLC, Casey Styers (336) 416-3078
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Schools
Schools serving 1420 Collegiate Cir
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Combs Elementary 2001 Lorimer Road, Raleigh, NC 27606 | PK-5 | 0.9 mi |
Centennial Campus Middle 1900 Main Campus Drive, Raleigh, NC 27606 | 6-8 | 3.5 mi |
Athens Drive High 1420 Athens Drive, Raleigh, NC 27606 | 9-12 | 0.7 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 1420 Collegiate Cir
Date
Details
Price
Change
Source
1/13/2026
Listed
$290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1420 Collegiate Cir
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,377
—
$270,312
—
2024
$2,368
25%
$270,312
57%
2023
$1,902
8%
$172,657
—
2022
$1,768
4%
$172,657
—
2021
$1,700
2%
$172,657
—
2020
$1,669
30%
$172,657
58%
2019
$1,284
6%
$109,107
—
2018
$1,212
5%
$109,107
—
2017
$1,155
2%
$109,107
—
2016
$1,132
8%
$109,107
10%
2015
$1,046
5%
$99,123
—
2014
$993
7%
$99,123
—
2013
$929
—
$99,123
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1420 Collegiate Cir
1420 Collegiate Circle, Raleigh, NC 27606 (MLS# 10141240) is a Condo property with 4 bedrooms and 4 full bathrooms. 1420 Collegiate Circle is currently listed for $290,000 and was received on January 13, 2026. Want to learn more about 1420 Collegiate Circle? 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.

