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Listing courtesy of CAROLINAS METRO REALTY I LLC

1006 Carlton Avenue
Raleigh, NC 27606

Home for sale - Not in a Subdivision

SELLER FINANCING OPTIONS (NO Sub-to, no exceptions. Can do contract for deed). Charming 1950 cottage in a coveted Residential Mixed-Use corridor—just minutes to Downtown and steps to the NCSU Wolfline bus. At ~1,200 SF, this small-but-mighty property has a strong history as an income-producing student rental and offers multiple paths forward: continue as a turnkey rental, convert to a live/work setup, or explore select commercial or expansion options permitted by zoning (buyer to verify). The site's proximity to a major university, transit, dining, and everyday amenities makes it an A+ location for long-term demand and future upside. Highlights ~1,200 SF vintage 1950 home in Residential Mixed Use zoning Proven income property; rent history available upon request Steps to NCSU bus transit; quick access to Downtown, greenways, shops, and dining Flexible path: continue rental, pursue live/work, small office, or other allowed uses* Expansion potential—room to add on or reconfigure* Hard-to-beat location with strong renter pool and redevelopment momentum *All uses, density, and expansion potential subject to city approval; buyer to verify zoning, setbacks, parking, and any permitting requirements.

Open House:

  • Listing Price: $475,000

  • Square Feet: 1200

  • Bedrooms: 4

  • Bathrooms: 2 full, 0 half

  • Acres: 0.14

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Last updated 2026-01-30T04:49:40Z

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IDX CopyrightThe data relating to real estate for sale on this web site comes in part from the Internet Data ExchangeTM Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange TM logo or the Internet Data ExchangeTM thumbnail logo and detailed information about them includes the name of the listing firms. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved. The listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information deemed reliable but not guaranteed.