3 Beds
3 Baths
2,003 SqFt
3 Beds
3 Baths
2,003 SqFt
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,003 sqft
Price per Sqft $299
Subdivision Lockwood
MLS Listing ID 10157612
Style Duplex,Townhouse
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N Yes
Abv Grd Liv Area 2,003
Year Built 2025
Annual Tax Amount $1,784
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Townhouse
Source Triangle MLS
Property Description
Fully leased and income-producing from day one, this brand-new townhome-style condo in Raleigh, North Carolina presents a rare opportunity for investors seeking stable rental income and long-term appreciation in one of the Triangle's fastest-growing markets.
Strategically located just minutes from Downtown Raleigh, major commuter routes, shopping, and dining, this modern 3-bedroom, 2.5-bath asset is positioned to attract and retain high-quality tenants. The open-concept layout, dedicated pocket office, and seamless indoor-outdoor living--highlighted by a 12' quad slider to a covered patio--align with today's tenant demand for flexible, lifestyle-driven spaces.
The kitchen is designed to elevate rental desirability, featuring quartz countertops, a center island, stainless steel Café appliances, and custom cabinetry. Upstairs, the spacious primary suite offers a spa-style bathroom, dual vanities, frameless glass walk-in shower, and two walk-in closets, while two additional bedrooms provide versatility for roommates, guests, or work-from-home setups.
Built with durability and efficiency in mind, the property includes white oak hardwood floors, 8' solid core doors, Pella windows, tankless water heater, spray foam insulation, sealed crawl space, and a whole-home dehumidifier--minimizing maintenance and optimizing operating costs.
Additional investor-friendly features include an attached garage with EV charging capability, private partially fenced yard, and low-maintenance construction, making this an ideal addition to any rental portfolio, 1031 exchange, or long-term hold strategy.
A true plug-and-play asset in a high-demand rental corridor--generate income from day one while benefiting from Raleigh's continued growth and appreciation.
Location
State NC
County Wake
Zoning R10
Direction South on Wake Forest Rd. Left on Brookside. Left on Glascock. Right on N King Charles Rd. Left on Milburnie. Right on Culpepper. Property on the right.
Rooms
Other Rooms • Primary Bedroom (Upper)
• Bedroom 2 (Upper)
• Bedroom 3 (Upper)
• Laundry (Upper)
Primary Bedroom Level Upper
Interior
Interior Features Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
Heating Electric, Heat Pump
Cooling Ceiling Fan(s), Central Air, Electric, Heat Pump
Flooring Hardwood, Tile
Appliance Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Humidifier, Microwave, Oven, Refrigerator, Washer
Laundry In Unit, Upper Level
Exterior
Garage Spaces 1.0
Fence Back Yard, Partial
View Y/N Yes
Roof Type Shingle
Porch Covered, Rear Porch
Garage Yes
Private Pool No
Building
Lot Description Back Yard, City Lot
Faces South on Wake Forest Rd. Left on Brookside. Left on Glascock. Right on N King Charles Rd. Left on Milburnie. Right on Culpepper. Property on the right.
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Modern
Level or Stories 2
Structure Type Brick,Fiber Cement,Foam Insulation,HardiPlank Type
New Construction No
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
Others
HOA Fee Include Insurance,Maintenance Grounds,Maintenance Structure
Senior Community No
Tax ID 1714820579
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/87050518-a32a-4b18-b9be-63673345814a?initialViewType=pano
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