Wake Forest, NC
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    Wake Forest, NC Apartment Buildings for Sale

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    Raleigh, NC Youngsville, NC Rolesville, NC
    Wake Forest Development Opportunity
    $1,500,000
    23,438 SF

    Wake Forest Development Opportunity

    306 S Allen Road, Wake Forest, NC 27587

    2.75 acres with approved site plan for 31 apartments.

    • 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.
    Updated: Mar 12
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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.

    Multifamily Property in East Durham
    $1,250,000
    7,020 SF

    Multifamily Property in East Durham

    Value-add opportunity near Durham's economic core.

    504 Raynor Street, Durham, NC 27703
    View details
    New Townhome Residences Portfolio
    $5,999,000
    28,224 SF

    New Townhome Residences Portfolio

    Portfolio of new construction townhomes in Raleigh, North Carolina.

    3712 Mineral Mill, Raleigh, NC 27616
    View details
    Raleigh Multifamily Investment Opportunity
    $1,150,000
    5,900 SF

    Raleigh Multifamily Investment Opportunity

    Multifamily property near Downtown Raleigh with convenient city access.

    1600 Poole Rd, Raleigh, NC 27610
    View details
    Downtown Durham Mixed-Use Property
    $1,400,000
    4,500 SF

    Downtown Durham Mixed-Use Property

    Mixed-use property in Downtown Durham with office and residential spaces.

    116 E Main, Durham, NC 27701
    View details

    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.

    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

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

    71 Salters Road, Greenville, SC 29607
    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres

    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443
    View details

    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

    612 Ridgetop Way

    GARDEN APT, COURT APT (5+ UNITS) • 11,768 SF
    Value Estimation
    $1,085,000
    612 Ridgetop Way, Wake Forest, NC 27587-5520
    View details
    531 Granite Grv Loop

    531 Granite Grv Loop

    GARDEN APT, COURT APT (5+ UNITS) • 34,419 SF
    Value Estimation
    $3,315,000
    531 Granite Grv Loop, Wake Forest, NC 27587-3770
    View details
    1000 Wait Ave

    1000 Wait Ave

    GARDEN APT, COURT APT (5+ UNITS) • 4,656 SF
    Value Estimation
    $6,695,000
    1000 Wait Ave, Wake Forest, NC 27587-7677
    View details
    11050 Ligon Ml Rd

    11050 Ligon Ml Rd

    GARDEN APT, COURT APT (5+ UNITS) • 25,920 SF
    Value Estimation
    $1,840,000
    11050 Ligon Ml Rd, Wake Forest, NC 27587-3327
    View details
    331 Franklin St

    331 Franklin St

    GARDEN APT, COURT APT (5+ UNITS) • 10,890 SF
    Value Estimation
    $4,165,000
    331 Franklin St, Wake Forest, NC 27587-2659
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    817 Stadium Dr

    817 Stadium Dr

    GARDEN APT, COURT APT (5+ UNITS) • 5,964 SF
    Value Estimation
    $20,515,000
    817 Stadium Dr, Wake Forest, NC 27587-8752
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    219 Ws Ave

    219 Ws Ave

    GARDEN APT, COURT APT (5+ UNITS) • 6,169 SF
    Value Estimation
    $1,010,000
    219 Ws Ave, Wake Forest, NC 27587-2541
    View details
    1801 Capital Crk Dr

    1801 Capital Crk Dr

    GARDEN APT, COURT APT (5+ UNITS) • 38,372 SF
    Value Estimation by Request
    1801 Capital Crk Dr, Wake Forest, NC 27587-4524
    View details
    343 Oak Ave

    343 Oak Ave

    GARDEN APT, COURT APT (5+ UNITS) • 3,072 SF
    Value Estimation
    $3,475,000
    343 Oak Ave, Wake Forest, NC 27587-2174
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    1710 Alexander Spgs Ln

    1710 Alexander Spgs Ln

    GARDEN APT, COURT APT (5+ UNITS) • 20,700 SF
    Value Estimation
    $30,010,000
    1710 Alexander Spgs Ln, Wake Forest, NC 27587-3992
    View details
    510 Coastal Cres

    510 Coastal Cres

    GARDEN APT, COURT APT (5+ UNITS) • 21,219 SF
    Value Estimation
    $2,005,000
    510 Coastal Cres, Wake Forest, NC 27587-3110
    View details
    441 Stone Monument Dr

    441 Stone Monument Dr

    GARDEN APT, COURT APT (5+ UNITS) • 35,292 SF
    Value Estimation
    $2,545,000
    441 Stone Monument Dr, Wake Forest, NC 27587-3340
    View details
    811 Brewer Ave

    811 Brewer Ave

    GARDEN APT, COURT APT (5+ UNITS) • 6,400 SF
    Value Estimation
    $6,610,000
    811 Brewer Ave, Wake Forest, NC 27587-2271
    View details
    1208 Bradford Park Rd

    1208 Bradford Park Rd

    GARDEN APT, COURT APT (5+ UNITS) • 55,980 SF
    Value Estimation
    $4,265,000
    1208 Bradford Park Rd, Wake Forest, NC 27587-1761
    View details
    701 Richland Crk Ln

    701 Richland Crk Ln

    GARDEN APT, COURT APT (5+ UNITS) • 23,100 SF
    Value Estimation
    $2,235,000
    701 Richland Crk Ln, Wake Forest, NC 27587-4594
    View details
    Stadium Dr

    Stadium Dr

    GARDEN APT, COURT APT (5+ UNITS) • 5,460 SF
    Value Estimation
    $570,000
    Stadium Dr, Wake Forest, NC 27587
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    910 Sugar Gap Rd

    910 Sugar Gap Rd

    GARDEN APT, COURT APT (5+ UNITS) • 13,266 SF
    Value Estimation
    $1,390,000
    910 Sugar Gap Rd, Wake Forest, NC 27587-3876
    View details
    1700 Pasture Walk Dr

    1700 Pasture Walk Dr

    GARDEN APT, COURT APT (5+ UNITS) • 16,340 SF
    Value Estimation
    $1,440,000
    1700 Pasture Walk Dr, Wake Forest, NC 27587-4608
    View details
    900 Horsetrail Way

    900 Horsetrail Way

    GARDEN APT, COURT APT (5+ UNITS) • 16,340 SF
    Value Estimation
    $1,295,000
    900 Horsetrail Way, Wake Forest, NC 27587-4604
    View details
    703 Stadium Dr

    703 Stadium Dr

    GARDEN APT, COURT APT (5+ UNITS) • 8,984 SF
    Value Estimation
    $690,000
    703 Stadium Dr, Wake Forest, NC 27587-9058
    View details
    712 Ridgetop Way

    712 Ridgetop Way

    GARDEN APT, COURT APT (5+ UNITS) • 11,768 SF
    Value Estimation
    $1,080,000
    712 Ridgetop Way, Wake Forest, NC 27587-5521
    View details
    366 Oak Ave

    366 Oak Ave

    Multifamily properties
    Value Estimation by Request
    366 Oak Ave, Wake Forest, NC 27587
    View details
    370 Oak Ave

    370 Oak Ave

    GARDEN APT, COURT APT (5+ UNITS) • 3,404 SF
    Value Estimation
    $3,515,000
    370 Oak Ave, Wake Forest, NC 27587-0010
    View details

    Wake Forest, NC Apartment Buildings Investment Opportunities Market Analysis

    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 Strategic Investment

    Identify Wake Forest submarkets with the highest inventory density on the market and evaluate the median 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 sq ft
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

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