Multi-Family Portfolio with Three
For Sale
$925,000
12329 Old Falls Of Neuse Road, Wake Forest, NC 27587
MULTI_FAMILY - Wake Forest, NC
Property Size1,200 SF
Lot Size1.01 Acres
Price / SF$770.83
Days on Market257
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
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Carport
Subdivision
Not in a Subdivision
Elementary school
Wake - Wakefield Elementary
Middle school
Wake - Wakefield Middle
High school
Wake - Wakefield High
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
Legal Description
Mangum Ld
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
Carpet, Vinyl, Hardwood
Building materials
Aluminum Siding, Brick Veneer, Vinyl Siding
Roof type
Shingle
Listing Agency:
RE/MAX Legacy · RE/MAX International
(919) 435-5353
Listed By:
Alice Ray · License #53636
(919) 906-5794
Added: Nov 16, 2025
Changed: Jul 30
Last Checked: Jul 31 at 12:06AM
MLS# 10133407
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.
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
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 27587, NC
76,647
Population
30,571
Households
2.5
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
729
Density / Sq Mi
$125,607
Median Household Income
$59,006
Median Earnings
$1,415
Median Rent
$452,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
