$600,000

Estimated payment $3,744/month

Total Views 39,383
3 Beds
2.5 Baths
2,003 Sq Ft
$300 Price per Sq Ft

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • End Unit
  • Douglas Elementary Rated A-
  • Wood Flooring
  • 3-minute walk to Culpepper Circle Park

About This Home

Turnkey Investment Opportunity | Immediate Cash Flow in Raleigh, NC 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.

Listing Agent

Marinus Leach

LPT Realty, LLC License #328539 Listed on: 04/04/2026

LPT Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,784

Year Built

  • Built in 2025

Lot Details

  • End Unit
  • 1 Common Wall
  • Back Yard Fenced

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • On-Street Parking
  • 1 Open Parking Space

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Foam Insulation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 2,003 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Crawl Space

Kitchen

  • Oven
  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Humidifier
  • Central Air
  • Heat Pump System

Community Details

  • Association fees include insurance, ground maintenance, maintenance structure
  • Microhoa Association, Phone Number (844) 642-7646
  • Lockwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1714820579

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,784

Year Built

Built in 2025

Lot Details

10,454 Sq Ft Lot

HOA Fees

$300 per month

Parking

1

Listing Details

  • Year Built: 2025
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
  • Subdivision Name: Lockwood
  • Above Grade Finished Sq Ft: 2003.0
  • Architectural Style: Contemporary, Modern
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • Room Types Bedroom 2 Level: Upper
  • Room Types Bedroom 3 Level: Upper
  • Room Types Primary Bedroom Level: Upper
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 300.0
  • DelayedMarketingYN: No
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6Ik0wMDAwMDM4OSIsIkxpc3RpbmdJRCI6IjEwMTU3NjEyIiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA3LTI4VDEzOjI5OjI3LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzI1ODcxIiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.7FTNvLnyXys9IWWvjY0KAoqr1LGqK_YYKS4nLi2t6bE/badge
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), Quartz Counters
  • Appliances: Dryer, Disposal, Dishwasher, Free-Standing Gas Range, Humidifier, Microwave, Oven, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Stories: 2
  • Interior Features:Interior Features: Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), Quartz Counters

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard, Partial
  • Acres: 0.24
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Brick, Fiber Cement, Foam Insulation, HardiPlank Type
  • Foundation Details: Block, Crawlspace
  • Patio And Porch Features: Covered, Rear Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Garage Faces Front, Garage, On Street
  • Total Parking Spaces: 2.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association Name: MicroHOA
  • Phone: 844-642-7646
  • Association: Yes

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Zoning: R10
  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 1714820579

Tax Info

  • Tax Annual Amount: 1784.2
  • Tax Year: 2025

MLS Schools

  • Elementary School: Wake County Schools

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,784 $1,319,309 $200,000 $1,119,309
2024 $1,737 $200,000 $200,000
2023 $1,254 $115,000 $115,000 $0
2022 $2,601 $254,937 $115,000 $139,937
2021 $2,501 $254,937 $115,000 $139,937
2020 $2,455 $254,937 $115,000 $139,937
2019 $1,659 $141,463 $48,000 $93,463
2018 $1,566 $141,463 $48,000 $93,463
2017 $1,492 $141,463 $48,000 $93,463
2016 $1,461 $141,463 $48,000 $93,463
2015 $950 $89,779 $28,000 $61,779
2014 $901 $89,779 $28,000 $61,779
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/02/2026 05/02/26 Rented $2,850 0.0% --
04/18/2026 04/18/26 Under Contract -- -- --
04/17/2026 04/17/26 Off Market $2,850 -- --
04/04/2026 04/04/26 For Rent $2,850 0.0% --
04/04/2026 04/04/26 For Sale $600,000 -- $300 / Sq Ft
Source: Doorify MLS

About the Listing Agent

Marinus Leach

LPT Realty, LLC

(919) 804-1596

Section Image

Landhuis Residential Group | Real Estate Excellence in North Carolina, Georgia & Beyond
Founded by Marinus Leach, Landhuis Residential Group is your trusted partner for buying and selling homes in North Carolina, Georgia, and across the South Atlantic region. With deep roots in the Raleigh–Durham–Chapel Hill real estate market and an international team, we deliver expert local knowledge with a global perspective.
Our unique dual-brand approach serves every client need:

LPT Realty –

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Source: Doorify MLS

MLS Number: 10157612

Doorify MLS
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