About This Home

This 4-bedroom, 2-bathroom single family at 1006 Carlton Avenue in Raleigh, NC is listed for $418,900 ($326 per sqft). Built in 1950, the home offers 1,285 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1950
  • 0.14 acre lot

Property Details

1 story
2 full
1950

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$2,240/mo

20% down · 6.5% · 30 years

Principal$303
Interest$1,815
Insurance$122

Estimates only. Actual payments may vary.

Location

1006 Carlton Avenue

Raleigh, NC 27606

Not in a Subdivision

Features & Amenities

Interior Features

Laminate CountersTrack Lighting

Exterior Features

Private YardRain Gutters

Property Details

Flooring

WoodCarpetVinyl

Construction

Aluminum Siding

Outdoor Features

Deck

Parking

Driveway

Heating

Electric (Heating)CentralForced Air

Cooling

Central Air

Appliances

DishwasherElectric RangeFree-Standing RangeMicrowaveStainless Steel Appliance(s)

Questions & Answers

This 4-bedroom, 2-bathroom single family at 1006 Carlton Avenue is listed at $418,900 ($326/sqft). The estimated monthly payment is $2,240 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.14 acre lot. Interior Features: Laminate Counters, Track Lighting. Exterior Features: Private Yard, Rain Gutters.

This property is listed by George Patrick III.

GI

George Patrick III

Agent at Berkshire Hathaway HomeServices York Simpson Underwood Realty

Listed by Berkshire Hathaway HomeServices York Simpson Underwood Realty · Broker phone: (888) 778-2276 · View on Broker Site · Broker website

MLS# 10189998· Source: Doorify MLS· 56 days on PropertySimple

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1006 Carlton Avenue, Raleigh, NC 27606

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