Quadplex With Private
For Sale
$699,999
Pending
5333 Wayne Street, Raleigh, NC 27606
Residential Income, Raleigh, NC
Property Size3,981 SF
Lot Size0.48 Acres
Days on Market93
Property Features for 5333 Wayne Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-10
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 3, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 7, Bedroom 5, Bathroom 8, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 7, Bathroom 4, Bathroom 6, Bedroom 3, Bathroom 1
Patio and Porch features
Deck
Interior features
Dual Closets
Subdivision
Wayneridge
Lot features
Few Trees
Elementary school
Wake - Dillard Drive Elementary
Middle school
Wake - Dillard Drive Middle
High school
Wake - Athens Drive High
Standard status
Pending
APN
0783119846
Size
3,981 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lo5g Of Lt 5 Wayneridge Bm1983-01555
Tax Annual Amount
6115
Legal Description
Lo5g Of Lt 5 Wayneridge Bm1983-01555
Utilities
Sewer type
Public Sewer
Cooling system
Varies by Unit
Water source
Public
Amenities
private deck
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Fiber Cement
Roof type
Shingle
Listing Agency:
Keller Williams Elite Realty · Keller Williams Realty
(984) 244-5830
Listed By:
Aaron Moon · License #255501
(919) 906-6317
Added: Jul 6
Changed: Sep 29
Last Checked: Oct 6 at 11:06AM
MLS# 10178364
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.
Built in 1984, this 3,981-square-foot quadplex contains four residential units, each configured with two bedrooms, two bathrooms, and a private deck. The property sits on 0.48 acres and is zoned R-10. Interior details include dual closets, carpet and vinyl flooring, fiber cement construction, and unit-specific cooling. Public water and public sewer serve the property.
The address is next to Lake Johnson Park and provides access to the Raleigh Greenway system, including 1.5 miles of unpaved trails and 2.8 miles of paved greenway. A nature preserve and outdoor swimming pool are also identified nearby. Regional access includes I-40, NC State, RDU International Airport, and Research Triangle Park. All four units are leased on a month-to-month basis.
The address is next to Lake Johnson Park and provides access to the Raleigh Greenway system, including 1.5 miles of unpaved trails and 2.8 miles of paved greenway. A nature preserve and outdoor swimming pool are also identified nearby. Regional access includes I-40, NC State, RDU International Airport, and Research Triangle Park. All four units are leased on a month-to-month basis.
Key Highlights
- Four units, each with 2 bedrooms, 2 bathrooms, and a private deck
- 3,981 square feet on a 0.48‑acre parcel
- Built in 1984; zoned R‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,497
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,940
$909.9K
Cap Rate 7%
$649,957
$650.0K
Cap Rate 9%
$505,522
$505.5K
Market Conditions
NOI Build-Up for 3,981 SF
Gross rent
$69.3K $17.40/SF
− Vacancy
−$4.3K −$1.07/SF
EGI
$65.0K $16.33/SF
− OpEx
−$19.5K −$4.90/SF
NOI
$45.5K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,940
Cap Rate 7%
$649,957
Cap Rate 9%
$505,522
Alternative Uses
Best Use
Multifamily LT 5
$650.0K
$568.7K – $758.3K
NOI $45,497 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$579.1K
$506.7K – $675.6K
NOI $40,535 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$1.09M
$957.3K – $1.28M
NOI $76,584 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath units provide a consistent residential layout for rental operations.
Where is this quadplex located?
The property is located at 5333 Wayne Street Raleigh, NC.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 2 bathrooms, and a private deck; 3,981 square feet on a 0.48‑acre parcel; Built in 1984; zoned R‑10
