Two-Home Mixed-Use
For Sale
$675,000
123121 123 & 121 New Rand Rd, Garner, NC 27529
Two rental residences occupy a corner parcel with mixed-use zoning near downtown Garner.
Property Size1,790 SF
Lot Size0.87 Acres
Price / SF$377.09
Days on Market36
Property Features for 123121 123 & 121 New Rand Rd
General Information
Standard status
Active
Size
1,790 SF
Lot size
0.87 Acres
Zoning
mixed use
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1948
Buildings
2
Listing Agency:
Fathom Realty NC
(919) 306-2638
Listed By:
Rhomni Williams · License #182491
Source:
Rubyhenderson
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 29 at 11:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty NC
Investment Insights
Based on property information with market context.
This multifamily property includes two adjacent rental homes totaling 1,790 square feet on 0.87 acres. The residence at 123 New Rand offers three bedrooms and one bathroom, while 121 New Rand has two bedrooms and one bathroom. Both homes were built in 1948 and are currently used for rental income.
The corner parcel sits at Hwy 70W and New Rand Rd in Garner, within one mile of I-40, Wake Med Garner, and White Oak Shopping Center. Downtown Garner is within walking distance. The property is zoned mixed use and identified as being within an economic opportunity zone.
The corner parcel sits at Hwy 70W and New Rand Rd in Garner, within one mile of I-40, Wake Med Garner, and White Oak Shopping Center. Downtown Garner is within walking distance. The property is zoned mixed use and identified as being within an economic opportunity zone.
Key Highlights
- Two adjacent rental homes on 0.87 acres
- 123 New Rand: 3 bedrooms and 1 bathroom
- 121 New Rand: 2 bedrooms and 1 bathroom
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 27529, NC
54,250
Population
22,089
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
940
Density / Sq Mi
$86,426
Median Household Income
$47,686
Median Earnings
$1,379
Median Rent
$325,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two rental residences occupy a corner parcel with mixed-use zoning near downtown Garner.
Where is this multifamily property located?
The property is located at 123121 123 & 121 New Rand Rd Garner, NC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two adjacent rental homes on 0.87 acres; 123 New Rand: 3 bedrooms and 1 bathroom; 121 New Rand: 2 bedrooms and 1 bathroom
