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1241 University Court #204, 
Raleigh, NC 27606

$297,000


4

Beds


4

Baths


1,165

Sq Ft


Condo

Active

Listed by

Cheryl Perry

Raleigh Realty Inc.

919-249-8536

Last updated:

October 29, 2025, 03:39 PM

MLS#

10129562

Source:

RD

About This Home

1241 University Court #204

NCSU PARENTS & STUDENTS & INVESTORS! 
Excellent income-producing property at University Commons - Lake Park! This spacious 4-bedroom, 4-bath condo features four private en suite units, each with its own full bath and walk-in closet — ideal for generating strong, steady rental income. Shared spaces include a comfortable living room, fully equipped kitchen, washer/dryer, and private balcony with outdoor storage. Currently, one bedroom is leased at $800 per month through December 29, 2025, with electricity, water/sewer, and internet included (paid by landlord). The remaining three bedrooms are vacant and ready to rent, offering excellent upside potential. When fully occupied, the property's income potential $3,200/month. Located within walking distance to Lake Johnson, walking trails, and NC State University, with easy access to the WolfLine bus route, downtown Raleigh, and I-40. Community amenities include a pool, volleyball court, and basketball court. Please note: property is tenant-occupied, please note a 24-hour notice required for showings. An outstanding opportunity to own a turnkey, income-producing property or a perfect setup for NCSU students seeking private suites with shared living comfort.

Home Facts

Condo

4 Baths

4 Bedrooms

Built in 1997

Price Summary

297,000

$254 per Sq. Ft.

MLS #:

10129562

Last Updated:

October 29, 2025, 03:39 PM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

1,165 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

1,165 Sq. Ft.

Year Built:

1997


Finances & Disclosures

Finances

Price:

$297,000

Price per Sq. Ft:

$254 per Sq. Ft.

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