1006 Carlton Avenue
Raleigh, NC 27606Exceptional 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.
$439,000
4 bedrooms
2 full bathrooms
0.14 acres
1,285 square feet
$342 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Aluminum Siding
- Exterior Features Private Yard, Rain Gutters
- Fencing Back Yard, Fenced
- Lot Size Acres 0.14
- Parking Features Concrete, Driveway, Parking Pad
- Patio And Porch Features Deck
- Structure Type House, Site Built
- Above Grade Finished Area 1,285
- Appliances Dishwasher, Electric Range, Free-Standing Range, Microwave, Stainless Steel Appliance(s)
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Carpet, Vinyl, Wood
- Heating Central, Electric, Forced Air
- Heating Y/N Yes
- Interior Features Laminate Counters, Track Lighting
- Rooms Total 8
- Lot Features Back Yard
- Tax Annual Amount 2872.67
- Water Source Public
- Year Built 1950
Additional Property Information
- TypeSingle Family Residence
- Built1950
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaRaleigh
- Elementary SchoolWake - Olds Elementary
- Middle SchoolWake - Martin Middle
- High SchoolWake - Athens Drive High
Listing courtesy of Berkshire Hathaway HomeService. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-09-01T18:52:40.000Z.