Apartment Building

Wake Forest, NC Apartment Buildings for Sale

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Raleigh, NC Youngsville, NC Rolesville, NC
Wake Forest Development Opportunity
Updated: Jan 10, 2025
Wake Forest Development Opportunity

306 S Allen Road, Wake Forest, NC 27587

$1,500,000
23,438 sqft · 2.75 AC lot
Approved site plan for up to 31 apartments for residents age 62 & over.
Located in the heart of downtown Wake Forest with easy highway access and direct access to Raleigh via US 1/Capital Boulevard.
Zoned Residential Mixed‑Use Conditional District (RMX‑CD).
Single‑story building offering easy access for all resident rooms on the main floor.
Easy parking and access to front door and other entrance points.
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Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 1 Active listings in Wake Forest, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 31 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Corner Lot Multifamily Income Property
Corner Lot Multifamily Income Property

700 Glascock Street, Raleigh, NC 27604

$625,000
1,777 sqft · 0.22 AC lot

Eight-room income property with month-to-month occupancy and updates including roof, HVAC, and refreshed interiors.

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Bundled Townhome Portfolio for Sale
Bundled Townhome Portfolio for Sale

3712 Mineral Mill, Raleigh, NC 27616

$5,750,000
28,224 sqft

Bundled three-bedroom townhomes with decks and one-car garages offered as a single purchase.

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Multifamily Property Near Campbell University
Multifamily Property Near Campbell University

601 Main Street, Lillington, NC 27546

$4,950,000
46,400 sqft · 7.10 AC lot

Multifamily property near Campbell University with expansion potential.

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Multifamily Apartment Building
Multifamily Apartment Building

104 Brickyard Ln, Lillington, NC 27546

Contact for pricing

Apartment-style multifamily property offered for sale in Lillington, suited for investors seeking residential rental housing.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Central Business Zoned Development Land
Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000
0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Off-Market Properties in Wake Forest, NC

Consider similar Off-Market properties in Wake Forest, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

612 Ridgetop Way
GARDEN APT, COURT APT (5+ UNITS)

612 Ridgetop Way, Wake Forest, NC 27587-5520

$1,085,000
Estimated value
11,768 sqft · 11.99 AC lot
View details
531 Granite Grv Loop
GARDEN APT, COURT APT (5+ UNITS)

531 Granite Grv Loop, Wake Forest, NC 27587-3770

$3,315,000
Estimated value
34,419 sqft · 14.03 AC lot
View details
1000 Wait Ave
GARDEN APT, COURT APT (5+ UNITS)

1000 Wait Ave, Wake Forest, NC 27587-7677

$6,695,000
Estimated value
4,656 sqft · 4.67 AC lot
View details
11050 Ligon Ml Rd
GARDEN APT, COURT APT (5+ UNITS)

11050 Ligon Ml Rd, Wake Forest, NC 27587-3327

$1,840,000
Estimated value
25,920 sqft · 1.60 AC lot
View details
331 Franklin St
GARDEN APT, COURT APT (5+ UNITS)

331 Franklin St, Wake Forest, NC 27587-2659

$4,165,000
Estimated value
10,890 sqft · 3.50 AC lot
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817 Stadium Dr
GARDEN APT, COURT APT (5+ UNITS)

817 Stadium Dr, Wake Forest, NC 27587-8752

$20,515,000
Estimated value
5,964 sqft · 11.04 AC lot
View details
219 Ws Ave
GARDEN APT, COURT APT (5+ UNITS)

219 Ws Ave, Wake Forest, NC 27587-2541

$1,010,000
Estimated value
6,169 sqft · 0.21 AC lot
View details
1801 Capital Crk Dr
GARDEN APT, COURT APT (5+ UNITS)

1801 Capital Crk Dr, Wake Forest, NC 27587-4524

Value Estimation by Request
38,372 sqft · 14.95 AC lot
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343 Oak Ave
GARDEN APT, COURT APT (5+ UNITS)

343 Oak Ave, Wake Forest, NC 27587-2174

$3,475,000
Estimated value
3,072 sqft · 1.36 AC lot
View details
1710 Alexander Spgs Ln
GARDEN APT, COURT APT (5+ UNITS)

1710 Alexander Spgs Ln, Wake Forest, NC 27587-3992

$30,010,000
Estimated value
20,700 sqft · 17.33 AC lot
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510 Coastal Cres
GARDEN APT, COURT APT (5+ UNITS)

510 Coastal Cres, Wake Forest, NC 27587-3110

$2,005,000
Estimated value
21,219 sqft · 19.06 AC lot
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441 Stone Monument Dr
GARDEN APT, COURT APT (5+ UNITS)

441 Stone Monument Dr, Wake Forest, NC 27587-3340

$2,545,000
Estimated value
35,292 sqft · 3.21 AC lot
View details
811 Brewer Ave
GARDEN APT, COURT APT (5+ UNITS)

811 Brewer Ave, Wake Forest, NC 27587-2271

$6,610,000
Estimated value
6,400 sqft · 0.09 AC lot
View details
1208 Bradford Park Rd
GARDEN APT, COURT APT (5+ UNITS)

1208 Bradford Park Rd, Wake Forest, NC 27587-1761

$4,265,000
Estimated value
55,980 sqft · 26.68 AC lot
View details
701 Richland Crk Ln
GARDEN APT, COURT APT (5+ UNITS)

701 Richland Crk Ln, Wake Forest, NC 27587-4594

$2,235,000
Estimated value
23,100 sqft · 30.45 AC lot
View details
Stadium Dr
GARDEN APT, COURT APT (5+ UNITS)

Stadium Dr, Wake Forest, NC 27587

$570,000
Estimated value
5,460 sqft · 145.72 AC lot
View details
910 Sugar Gap Rd
GARDEN APT, COURT APT (5+ UNITS)

910 Sugar Gap Rd, Wake Forest, NC 27587-3876

$1,390,000
Estimated value
13,266 sqft · 22.57 AC lot
View details
1700 Pasture Walk Dr
GARDEN APT, COURT APT (5+ UNITS)

1700 Pasture Walk Dr, Wake Forest, NC 27587-4608

$1,440,000
Estimated value
16,340 sqft · 20.26 AC lot
View details
900 Horsetrail Way
GARDEN APT, COURT APT (5+ UNITS)

900 Horsetrail Way, Wake Forest, NC 27587-4604

$1,295,000
Estimated value
16,340 sqft · 11.87 AC lot
View details
703 Stadium Dr
GARDEN APT, COURT APT (5+ UNITS)

703 Stadium Dr, Wake Forest, NC 27587-9058

$690,000
Estimated value
8,984 sqft · 0.90 AC lot
View details
712 Ridgetop Way
GARDEN APT, COURT APT (5+ UNITS)

712 Ridgetop Way, Wake Forest, NC 27587-5521

$1,080,000
Estimated value
11,768 sqft · 8.44 AC lot
View details
366 Oak Ave
Multifamily properties

366 Oak Ave, Wake Forest, NC 27587

Value Estimation by Request
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370 Oak Ave
GARDEN APT, COURT APT (5+ UNITS)

370 Oak Ave, Wake Forest, NC 27587-0010

$3,515,000
Estimated value
3,404 sqft · 3.53 AC lot
View details

Wake Forest, NC Apartment Buildings Market Trends and Statistics

Explore 32 apartment buildings for sale in Wake Forest, NC on our real estate platform. These investment opportunities span a total of 23,438 square feet of properties for sale, with an estimated market value of $1,500,000.

Sale prices for two-family homes in Wake Forest, NC start at $1,500,000, averaging $1,500,000, and reaching up to $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 82K
Population Growth (5Y) +23.0%
Median Household Income $125,607
College Educated 39.2%

High-Yield Neighborhoods for Investment

Identify Wake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
27587 $1.5M

Taxes & Financing

Tax Rate (average for all types) 1.05%
Property Tax per SF $9.36 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Wake County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Wake County

Residential Income

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