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Occupied Triplex Property
For Sale
$225,000

408 Lane Street SE, Wilson, NC 27893

Residential Income, Wilson, NC

Property Size2,780 SF
Lot Size0.33 Acres
Price / SF$80.94
Days on Market60

Property Features for 408 Lane Street SE

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning GR6
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 3
Parking features Off Street
Patio and Porch features Porch
Interior features Ceiling Fan(s)
Exterior features Storm Doors
Subdivision Not In Subdivision
Elementary school Vick
Middle school Forest Hills
High school Hunt
Directions Hines St to Lane St, property is on the right.
Standard status Active
APN 3721-67-3042.000
Size 2,780 SF
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BK9 L 11-12
Tax Annual Amount 1027
Legal Description BK9 L 11-12

Utilities

Heating system Space Heater, Natural Gas, Electric (Heating)
Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1962
Floors in Building 1
Number of units 3
Building materials Block, Vinyl Siding, Wood Frame
Roof type Shingle, Composition
Listing Agency: Womble Real Estate
Listed By: Allyson M Moye · License #210074
Added: Jul 23 Changed: Sep 19 Last Checked: Sep 20 at 10:06AM
MLS# 100591165

Copyright © 2026 Hive 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 2,780-square-foot triplex property consists of one duplex and a separate single-family residence on 0.33 acres. All three residences are occupied by long-term tenants. The improvements date to 1962 and feature block, vinyl siding, and wood-frame construction, along with composition and shingle roofing.

The property is zoned GR6 and provides off-street parking. Additional features include porches, storm doors, ceiling fans, electric and natural gas heating, and wall or window cooling units. The three-residence layout offers a defined multifamily configuration with separate residential components.

Key Highlights

  • Triplex configuration includes one duplex and one single‑family residence
  • 2,780 square feet on 0.33 acres
  • All three residences fully occupied by long‑term tenants

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Electrical Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

380
Businesses Nearby

Demographics for 27893, NC

37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit rental configuration includes off-street parking and porch space.
Where is this triplex located?
The property is located at 408 Lane Street SE Wilson, NC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Triplex configuration includes one duplex and one single‑family residence; 2,780 square feet on 0.33 acres; All three residences fully occupied by long‑term tenants
More about this property
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