1-web-or-mls-IMG_9122RE - 1006 Carlton Avenue, Raleigh, NC 27606, Raleigh
2-web-or-mls-Carlton Ave - 1006 Carlton Avenue, Raleigh, NC 27606, Raleigh
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36-web-or-mls-DJI_0023RE - 1006 Carlton Avenue, Raleigh, NC 27606, Raleigh
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44-web-or-mls-DJI_0008 - 1006 Carlton Avenue, Raleigh, NC 27606, Raleigh
37 photos

$439,000

1006 Carlton Avenue, Raleigh, NC 27606
Raleigh, NC 27606
Listed by George Patrick III · Berkshire Hathaway HomeService
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1950

About this home

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.

Property details

MLS #
10189998
Property type
Single Family Residence
Subdivision
Not in a Subdivision
Status
Active
Days on market
1
On market date
September 1, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.14 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Carpenter Elementary
10.22 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
720
Student:teacher ratio
13.8:1
District
Wake County Schools
Middle
Salem Middle
9.16 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,066
Student:teacher ratio
13.2:1
District
Wake County Schools
High
Athens Drive High
1.67 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,042
Student:teacher ratio
16.1:1
District
Wake County Schools

Mortgage calculator

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Est. monthly payment
$2,794/mo
$87,800 down
$351,200 loan
Principal & interest$2,278
Property tax (est.)$366
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.