1231 University Court
Raleigh, NC 27606INVESTOR ALERT!! Prime investment opportunity - 4 bedroom/ 4 bathroom with large living area, galley kitchen, balcony, laundry closet - the perfect set up for roommates! Each bedroom has a full ensuite bathroom and walk-in closet. No carpet! Wood laminate flooring throughout. Newer appliances. HVAC 2022. Washer and Dryer are included. Walking/biking distance to NC State campus, Lake Johnson, hiking trails/greenway, Village District, Farmers Market, downtown Raleigh. WOLFLINE bus route. The Lake Park amenities include: swimming pool, volleyball, basketball courts, playground. Currently 3 bedrooms are leased at $600 each through July 2027. Fully leased potential is $2400/month. Wilson Property Management is onsite or you can hire your own management co.
$262,000
4 bedrooms
4 full bathrooms
1,219 square feet
$215 per square foot
- Exterior Features
- Interior Features
- Property Features
- Common Walls 1 Common Wall
- Construction Materials Vinyl Siding
- Exterior Features Private Entrance, Lighting, Balcony
- Parking Features Parking Lot, Unassigned, Common, On Site
- Patio And Porch Features Porch, Covered
- Structure Type Other
- Above Grade Finished Area 1,219
- Appliances Oven, Range Hood, Electric Range, Washer, Washer/Dryer, Water Heater, Electric Oven, Refrigerator, Dishwasher, Free-Standing Electric Range, Dryer, Range
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Vinyl, Laminate, Simulated Wood
- Heating None
- Interior Features Apartment/Suite, Living/Dining Room Combination, Breakfast Bar, Bathtub/Shower Combination, Laminate Counters, Ceiling Fan(s)
- Laundry Features Laundry Closet
- Rooms Total 6
- Association Amenities Maintenance Grounds, Roof Deck, Parking, Pool, Landscaping, Management, Trash, Maintenance Structure
- Association Fee Frequency Monthly
- Association Fee Includes Maintenance Grounds, Sewer, Road Maintenance, Trash, Maintenance Structure
- Association Y/N Yes
- Community Features Sidewalks, Pool, Playground
- Tax Annual Amount 2336.99
- Water Source Public
- Year Built 1997
Additional Property Information
- TypeCondominium
- Built1997
- NeighborhoodLake Park
- CountyWake
- AreaRaleigh
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High SchoolWake County Schools
Listing courtesy of Berkshire Hathaway HomeService. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
Property location
Monthly payment calculator
Find your amountSchedule a Tour
Ready for a tour of this house? You can either schedule an in-person walkthrough, or one of our agents can take you on a virtual tour via video call.
Similar Properties
©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 2026-07-25T18:57:57.000Z.