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Listed price in listed location currency (USD).
$297,000

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  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size 1165 sqft
Garage No
HOA Fees $202
Taxes $2,337
Days Active 0
Approx. Age 1997
Avg. Price Per Sqft $254
MLS® Number 10129562

Property Address: apt-204-1241 University Ct, Raleigh, NC, 27606-4653

Average square foot calculated using Size range provided by listing agent.

Description

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 tenant-occupied, please note a 24-hour notice required for showings. An outstanding opportunity to own a turnkey, income-producing property or a perfect setup for NCSU students seeking private suites with shared living comfort.
MLS® Number10129562
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelLaundry Closet
Exposure
Exterior
GarageNo
Approx. Age1997
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 24, 2025List Date
$297,000List Price
  • Commute

Commute

Starting Address
Destination Address
1241 University Ct, Raleigh, NC

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