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1006 Carlton Avenue, Raleigh, NC 27606 ACTIVE 1 of 37 1006 Carlton Avenue, Raleigh, NC 27606 — photo 2 1006 Carlton Avenue, Raleigh, NC 27606 — photo 3 1006 Carlton Avenue, Raleigh, NC 27606 — photo 4 1006 Carlton Avenue, Raleigh, NC 27606 — photo 5
1 of 37
Active
$419,000 Est. $2,887/mo — Get pre-qualified
4beds 2baths 1,285sq ft 0.14acres

1006 Carlton Avenue · Raleigh, NC 27606

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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.

Features & Amenities

Living Area1,285 Sq.Ft.
Bedrooms4
Baths2
HeatingCentral, Electric, Forced Air
CoolingCentral Air
FlooringCarpet, Luxury Vinyl, Wood
FireplaceNo
AppliancesDishwasher, Electric Range, Free-Standing Range, Microwave, Stainless Steel Appliance(s)
Interior FeaturesLaminate Counters, Track Lighting
Exterior FeaturesPrivate Yard, Rain Gutters
StyleCape Cod, Traditional
Year Built1950
ConstructionAluminum Siding
RoofShingle
FoundationCrawlspace
ParkingConcrete, Driveway, Parking Pad
StatusActive
Lot Size0.14 Acres
Lot FeaturesBack Yard
SubdivisionNot in a Subdivision
CountyWake
Property TypeResidential
Property SubTypeSingle Family Residence
Last UpdatedOct 1, 2026
SewerPublic Sewer
Water SourcePublic
HOANo
ElementaryWake - Olds Elementary Elementary School
MiddleWake - Martin Middle Middle School
HighWake - Athens Drive High High School
Presented By: Berkshire Hathaway HomeService; player.murray@bhhsysu.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 1, 2026 Price Reduced $439,000 → $419,000 ▾ $20,000 (4.6%)

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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