IMG_2794 - 1221 University Court 304, Raleigh, NC 27606, Raleigh
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IMG_7204 (1) - 1221 University Court 304, Raleigh, NC 27606, Raleigh
15 photos

$265,000

1221 University Court 304, Raleigh, NC 27606
Raleigh, NC 27606
Listed by Kristina Nieshalla · Dwell Raleigh Real Estate
Bedrooms
4
Bathrooms
4
Living area
N/A
Year built
1997

About this home

INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 BEDROOM+ 4 BATHROOM condo is an excellent opportunity for steady rental income or as a place to call home. Each bedroom features a private en-suite bath and walk-in closet. There is a spacious living area, kitchen, in unit washer/dryer as well as a porch and additional storage outside. NEW PAINT, NEW CARPET, NEW CEILING FANS and DEEP CLEANED, READY TO ENJOY OR RENT. Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU). Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool, Volleyball and Basketball courts.

Property details

MLS #
10191665
Property type
Condominium
Subdivision
University Commons Lake Pk
Status
Active
Days on market
29
On market date
September 10, 2026
Stories
N/A
Total bathrooms
4
Garage spaces
N/A
Parking spaces
4
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Combs Elementary
0.76 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
625
Student:teacher ratio
12.5:1
District
Wake County Schools
Middle
Centennial Campus Middle
0.85 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
529
Student:teacher ratio
12.6:1
District
Wake County Schools
High
Athens Drive High
0.63 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

Walkability

Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

68
Walkable
out of 100
EPA National Walkability Index
11.8 / 20 -- Above average walkable
Google Places amenity density
80 / 100
Restaurants & cafes10
Grocery stores1
Parks5
Schools7
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Raleigh, from live MLS data.

On the market 29 days -- 74 fewer days than Raleigh's current average of 103 days.
For reference, the median list price across 2,844 active listings in Raleigh right now is $375,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,746/mo
$53,000 down
$212,000 loan
Principal & interest$1,375
Property tax (est.)$221
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 29 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.