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    12329 Old Falls Of Neuse Rd Wake Forest, NC 27587

    For Sale
    $925,000

    MULTI_FAMILY - Wake Forest, NC

    Type:Single Family Residence
    Property size:
    1,200 SF
    Lot size:
    1.01 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 12329 Old Falls Of Neuse Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    3
    Bathrooms
    2
    APN
    182004605922000 0064607
    Parking features
    Carport
    Size
    1,200 SF
    Lot size
    1.01 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump
    Water source
    Well

    Building Details

    Year built
    1958
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Hardwood, Carpet, Vinyl
    Building materials
    Aluminum Siding, Brick Veneer, Vinyl Siding
    Roof type
    Shingle

    RE/MAX Legacy (919) 819-4039 [email protected]

    Listing agent Alice Ray (919) 906-5794

    Listing date Nov 21, 2025

    MLS# 10133407 Listing URL

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wake Forest Multifamily Investment Opportunity

    This listing presents an investment opportunity with four properties located in Wake Forest, North Carolina. The properties include two homes with large lots, one lot with a single wide mobile home, and one vacant lot. The two homes and the mobile home are currently rented on a month-to-month lease basis. The listed address is for the home across from Wakefield High School on Old Falls of Neuse Road. The mobile home lot faces Old Falls of Neuse (12339), and the vacant lot address is 2005 River Hill Drive, with the other home located at 2013 River Hill Drive. The properties are located in Wake County and are not subject to city taxes. The acreage listed is for only one of the properties, and the property size of 1200 square feet refers to only one house. Storage buildings are present on the lots. The total lot size for one of the properties is 1.01 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.572477
    Latitude
    35.949873

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    FAQs

    What type of property is this?
    Single family property - Four properties available in prime Wake Forest location.
    Where is this single family property located?
    The property is located at 12329 Old Falls Of Neuse Rd Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Four properties included: two homes, one mobile home, and one vacant lot.; - Prime location across from Wakefield High School.; - Located in Wake County with no city taxes.
    (919) 906-5794
    Request Owner's contact information
    12329 Old Falls Of Neuse Rd Wake Forest, NC 27587
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12329 Old Falls Of Neuse Rd Wake Forest, NC 27587
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