Apartment Buildings with Duplex
For Sale
$1,400,000
611 SE Railroad Street, Wallace, NC 28466
Commercial Sale, Wallace, NC
Property SizeContact for details
Lot Size0.86 Acres
Days on Market49
Property Features for 611 SE Railroad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
r-8
Parking features
Off Street
Subdivision
Not In Subdivision
Directions
Take Hwy 117 N in Wallace and turn left onto Cliff St. Go to Railroad tracks and turn left before you cross tracks staying on SE Railroad St. Duplexes will be on your left just before you reach The Brian Center rehab /nursing facility.
Standard status
Active
APN
09-1330
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
.86+/- ac
Legal Description
.86+/- ac
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1993
Number of units
8
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Johnson Realty
(910) 285-9111
Listed By:
Valerie R Johnson · License #241499
(580) 927-5547
Added: Aug 2
Changed: Aug 19
Last Checked: Sep 19 at 10:06PM
MLS# 100593791
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 apartment property comprises duplex-style buildings constructed in 1993 on a 0.86-acre site. Each unit features a two-level layout with a living area, kitchen, dining space, two bedrooms, one full bath, and one-half bath. Washer/dryer hookups are installed, while vinyl siding provides the exterior finish. Heating is electric forced air, cooling is central air, and roofing is shingle. Off-street parking is available.
The property uses public water, sewer, and trash service through the Town of Wallace. Written leases are in place for some residents, and one unit was vacant at the time of listing. The site is located at 611 SE Railroad Street in Wallace, near downtown shopping and Clement Street Park, which is directly behind the property and includes a playground, walking track, and tennis courts. Interstate 40 can be reached in less than 10 minutes.
The property uses public water, sewer, and trash service through the Town of Wallace. Written leases are in place for some residents, and one unit was vacant at the time of listing. The site is located at 611 SE Railroad Street in Wallace, near downtown shopping and Clement Street Park, which is directly behind the property and includes a playground, walking track, and tennis courts. Interstate 40 can be reached in less than 10 minutes.
Key Highlights
- 0.86‑acre apartment property in Wallace, NC
- Built in 1993 with vinyl siding and wood‑frame construction
- Two‑bedroom units with 1.5 baths and two‑level floor plans
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 28466, NC
8,773
Population
4,647
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
85%
High-School Grad
179.1 sq mi
ZIP Area
49
Density / Sq Mi
$61,906
Median Household Income
$38,511
Median Earnings
$851
Median Rent
$179,800
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?
Apartment building - Two-story rental units offer two bedrooms, 1.5 baths, and washer/dryer hookups.
Where is this apartment building located?
The property is located at 611 SE Railroad Street Wallace, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.86‑acre apartment property in Wallace, NC; Built in 1993 with vinyl siding and wood‑frame construction; Two‑bedroom units with 1.5 baths and two‑level floor plans
