4-Bedroom Income
For Sale
$290,000
1420 Collegiate Circle, Raleigh, NC 27606
Apartment configuration features private bedrooms and multiple bathrooms near NC State University.
Property Size1,071 SF
Days on Market74
Property Features for 1420 Collegiate Circle
General Information
Standard status
Active
Size
1,071 SF
Property subtype
Apartment
Additional Details
Asking Price
$290,000
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,477
Building Details
Building Size
1,071 SF
Year Built
1997
Listing Agency:
EXP Realty LLC
Listed By:
Casey Styers · License #283515
(336) 416-3078
Source:
Dustinbennett
Added: Jul 29
Changed: Oct 6
Last Checked: Oct 10 at 12:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
Investment Insights
Based on property information with market context.
This residential income property is an apartment with four bedrooms and four bathrooms, including private bedroom accommodations. The property was built in 1997 and is located at 1420 Collegiate Circle in Raleigh, North Carolina.
Its position near NC State University places the apartment within a university-area setting. The property is offered for sale as a residential income asset.
Its position near NC State University places the apartment within a university-area setting. The property is offered for sale as a residential income asset.
Key Highlights
- Four‑bedroom, four‑bathroom apartment
- Private bedroom configuration
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,905
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,100
$218.1K
Cap Rate 7%
$155,786
$155.8K
Cap Rate 9%
$121,167
$121.2K
Market Conditions
NOI Build-Up for 1,071 SF
Gross rent
$21.2K $19.80/SF
− Vacancy
−$1.4K −$1.29/SF
EGI
$19.8K $18.51/SF
− OpEx
−$8.9K −$8.33/SF
NOI
$10.9K $10.18/SF
Area
Raleigh, NC
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,100
Cap Rate 7%
$155,786
Cap Rate 9%
$121,167
Alternative Uses
Best Use
Apartment 5plus
$155.8K
$136.3K – $181.8K
NOI $10,905 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$294.3K
$257.5K – $343.4K
NOI $20,603 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Apartment configuration features private bedrooms and multiple bathrooms near NC State University.
Where is this residential income property located?
The property is located at 1420 Collegiate Circle Raleigh, NC.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Four‑bedroom, four‑bathroom apartment; Private bedroom configuration; Built in 1997
