1006 Carlton Avenue, Raleigh, NC 27606

Raleigh
Local realty services provided by:ERA Live Moore
1006 Carlton Avenue,Raleigh, NC 27606
$439,000
  • 4 Beds
  • 2 Baths
  • 1,285 sq. ft.
  • Multi-family
  • Active
Listed by: george patrick iii
Office: berkshire hathaway homeservice
MLS#:10189998
Source:RD

Price summary

  • Price:$439,000
  • Price per sq. ft.:$341.63

About this home

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.

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Home facts

  • Year built:1950
  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10189998
  • Added:5 day(s) ago
  • Updated:September 07, 2026 at 03:37 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Flooring:Carpet, Luxury Vinyl, Wood
  • Kitchen Description:Dishwasher, Electric Range, Free-Standing Range, Microwave, Stainless Steel Appliance(s)
  • Living area:1,285 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric, Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1950
  • Building area:1,285 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Back Yard
  • Architectural Style:Cape Cod, Traditional
  • Construction Materials:Aluminum Siding
  • Exterior Features:Deck, Private Yard, Rain Gutters
  • Levels:One, One and One Half

Schools

  • High school:Wake - Athens Drive High
  • Middle school:Wake - Martin Middle
  • Elementary school:Wake - Olds Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$439,000
  • Price per sq. ft.:$341.63
  • Tax amount:$2,873

Parking

  • Parking description:Concrete, Driveway, Parking Pad
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