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Multi-Family Portfolio with Three Rentals

12329 Old Falls Of Neuse Road Wake Forest, NC 27587

12329 Old Falls Of Neuse Road, Wake Forest, NC, 27587
$925,000
For Sale
Claim this Listing
$925,000

MULTI_FAMILY - Wake Forest, NC

Property Size1,200 SF
Lot Size1.01 Acres
Price / SF$770.83
AddedNov 16, 2025
Days on Market241
Last RefreshJul 15 at 2:06 pm

Property Features for 12329 Old Falls Of Neuse Road

General Information

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

Taxes and HOA fees

Tax Year
2025
Tax Description
Mangum Ld
Tax Annual Amount
1453

Utilities

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

Building Details

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

Listing agent Alice Ray License #53636

Listing office RE/MAX Legacy 331 S White Street, Wake Forest, NC

Listing date Nov 16, 2025

MLS# 10133407 Listing URL

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale multi-family portfolio includes four separate lots with two ranch homes, a mobile home, and one vacant lot. Storage buildings are located on the lots. At this time, the two homes and the mobile home are rented on month-to-month leases, and the vacant lot is also part of the package.

The listing address is for the home across from Wakefield High School on Old Falls of Neuse Rd in Wake Forest, NC. The mobile home lot faces Old Falls of Neuse (12339), and the vacant lot is listed at 2005 River Hill Dr. The other home is listed at 2013 River Hill Dr.

The MLS sheet provides acreage information for one property and square footage information for one house; additional disclosure materials are available for the three properties currently being lived in.

Key Highlights

  • 4 separate lots included with two houses and a mobile home; some structures are currently rented on a month‑to‑month lease
  • 1958‑built home with aluminum siding, brick veneer, and vinyl siding, plus a shingle roof
  • Heating provided by a heat pump and cooling includes central air

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Building Supply Law Firm Big Box & Wholesale Store Real Estate Agency Restaurant Hair Salon Nail Salon Parking Lot & Garage Electrical Service Spa & Massage Center

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

FAQs

What type of property is this?
Single family property - Four separate lots include two ranch homes, a mobile home, and one vacant lot; three units are on month-to-month leases.
Where is this single family property located?
The property is located at 12329 Old Falls Of Neuse Road 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: 4 separate lots included with two houses and a mobile home; some structures are currently rented on a month‑to‑month lease; 1958‑built home with aluminum siding, brick veneer, and vinyl siding, plus a shingle roof; Heating provided by a heat pump and cooling includes central air
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