1221 University Court #304, Raleigh, NC 27606

Local realty services provided by:ERA Parrish Realty Legacy Group
1221 University Court #304,Raleigh, NC 27606
$283,000
  • 4 Beds
  • 4 Baths
  • 1,219 sq. ft.
  • Multi-family
  • Active
Listed by:kristina nieshalla
Office:dwell raleigh real estate
MLS#:10120119
Source:RD

Price summary

  • Price:$283,000
  • Price per sq. ft.:$232.16
  • Monthly HOA dues:$205

About this home

INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 Bedroom+ 4 Bathroom condo is an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2026, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet. There is a shared living area, kitchen, washer/dryer as well as a porch and additional storage outside. Three bedrooms are currently leased through 7/31/26 at $625, $600, $600/month each (Potential total income of $2,400/month when fully occupied and upwards of $3200 depending on choice of management and upgrades). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU). Convenient access to the NC State

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Home facts

  • Year built:1997
  • Listing ID #:10120119
  • Added:45 day(s) ago
  • Updated:October 16, 2025 at 03:51 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,219 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Electric, Forced Air, Heat Pump

Structure and exterior

  • Roof:Shingle
  • Year built:1997
  • Building area:1,219 sq. ft.

Schools

  • High school:Wake County Schools
  • Middle school:Wake County Schools
  • Elementary school:Wake County Schools

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$283,000
  • Price per sq. ft.:$232.16
  • Tax amount:$2,336
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