1241 University Court #204, Raleigh, NC 27606

Local realty services provided by:ERA Pacesetters
1241 University Court #204,Raleigh, NC 27606
$297,000
  • 4 Beds
  • 4 Baths
  • 1,165 sq. ft.
  • Condominium
  • Active
Listed by:cheryl perry
Office:raleigh realty inc.
MLS#:10129562
Source:RD

Price summary

  • Price:$297,000
  • Price per sq. ft.:$254.94
  • Monthly HOA dues:$202

About this home

NCSU PARENTS & STUDENTS & INVESTORS! 
Excellent income-producing property at University Commons - Lake Park! This spacious 4-bedroom, 4-bath condo features four private en suite units, each with its own full bath and walk-in closet — ideal for generating strong, steady rental income. Shared spaces include a comfortable living room, fully equipped kitchen, washer/dryer, and private balcony with outdoor storage. Currently, one bedroom is leased at $800 per month through December 29, 2025, with electricity, water/sewer, and internet included (paid by landlord). The remaining three bedrooms are vacant and ready to rent, offering excellent upside potential. When fully occupied, the property's income potential $3,200/month. Located within walking distance to Lake Johnson, walking trails, and NC State University, with easy access to the WolfLine bus route, downtown Raleigh, and I-40. Community amenities include a pool, volleyball court, and basketball court. Please note: property is

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Home facts

  • Year built:1997
  • Listing ID #:10129562
  • Added:1 day(s) ago
  • Updated:October 24, 2025 at 07:57 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,165 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1997
  • Building area:1,165 sq. ft.

Schools

  • High school:Wake - Athens Dr
  • Middle school:Wake - Centennial Campus
  • Elementary school:Wake - Combs

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$297,000
  • Price per sq. ft.:$254.94
  • Tax amount:$2,336
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