For Sale House MLS# 10189998

1006 Carlton Avenue

Raleigh, NC 27606

$418,900

  • 4Beds
  • 2Baths
  • 1,285Sq Ft
  • 0.14Acres
  • 1950Built
  • $326Per Sq Ft
  • 75Days Listed
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About 1006 Carlton Avenue

Exceptional investment opportunity one block from NC State University—just a three-minute walk to campus! Designed for strong rental flexibility, the property offers four bedrooms, two full baths, and an additional flex space that could serve as a fifth bedroom, office, or study. If rented with 5 bedroom spaces monthly cash flow could easily surpass $4,000, giving an investor the potential to maximize rental income and cash flow. Residents can walk to classes, Greek Village, restaurants, shopping, and everyday conveniences, helping drive consistent demand. See attached survey for likely placement of an optional ADU, which offers additional upside and value add. With its highly desirable location and income-producing potential, this property offers a rare opportunity to own rental housing in the heart of the NC State community.

Property details

Property

Type
Single Family Residence
MLS type
Single Family Home
Status
Active
Year built
1950
Stories
1
Living area
1,285 sqft
Price / sqft
$326
Lot
0.14
Full baths
2
Original price
$439,000
MLS #
10189998

Interior

Features
Laminate Counters, Track Lighting, Accessible Approach with Ramp
Appliances
Dishwasher, Electric Range, Free-Standing Range, Microwave, Stainless Steel Appliance(s)
Flooring
Carpet, Luxury Vinyl, Wood
Heating
Central, Electric, Forced Air
Cooling
Central Air

Exterior & lot

Features
Cape Cod, Traditional, Private Yard, Rain Gutters
Construction
Aluminum Siding
Roof
Shingle
Foundation
Crawlspace
Lot
RX-3
Patio & porch
Deck
Fence
Back Yard, Fenced
Parking
Concrete, Driveway, Parking Pad

Schools

District
Wake County Schools
Elementary
Wake - Olds Elementary
Middle
Wake - Martin Middle
High
Wake - Athens Drive High

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer
Security
Smoke Detector(s)

Financial

Financial
Doorify MLS
Annual tax
$2,873
Tax year
2026
Parcel
079417203466000 0035155
Legal
Lo2 Vfs Land Co LLC Property Bm2010-00240
Special conditions
Seller Licensed Real Estate Professional

Location

Subdivision
Not in a Subdivision
County
Wake

Ask about this property

Questions on 1006 Carlton Avenue, Raleigh, NC 27606, or want to see it in person?

Listed by George Patrick III, Berkshire Hathaway HomeService

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.