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Two-Unit Duplex with Tenant Occupancy
For Sale
$210,000

231 & 233 Hc Powers Road, Wallace, NC 28466

Residential Income, Wallace, NC

Property Size1,100 SF
Lot Size1.00 Acre
Price / SF$190.91
Days on Market54

Property Features for 231 & 233 Hc Powers Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Parking features Off Street, Paved or Surfaced
Patio and Porch features Patio
Subdivision Not In Subdivision
Lot features Corner Lot
Elementary school Wallace
Middle school Wallace
High school Wallace-Rose Hill
Directions I40 W to to Hwy 117 in Wallace, make left on Main Street, Left on H.C. Powers Rd, travel about 1/2 mile, property on left
Standard status Active
APN 093804 1 1
Size 1,100 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 2R
Tax Annual Amount 1303
Legal Description LOT 2R

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Baseboard, Electric (Heating)
Cooling system Wall/Window Unit(s), Window Unit(s)

Amenities

front patio

Building Details

Year built 2024
Floors in Building 1
Number of units 2
Building materials Block
Roof type Shingle
Listing Agency: J Blackman Real Estate
Listed By: Janiel L Blackman · License #253168
Added: Jul 25 Changed: Sep 12 Last Checked: Sep 16 at 9:06PM
MLS# 100591586

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 duplex property includes two tenant-occupied residences totaling 1,100 square feet on approximately 1 acre. The primary home contains 640 square feet with one bedroom, one bathroom, and a 30-square-foot front patio. The second residence is a 520-square-foot efficiency-style cottage with an open layout and a 25-square-foot front patio. Both homes were built in 2024 and feature block construction, shingle roofs, baseboard electric heating, and window or wall-unit cooling.

The property is located in Wallace, NC, with access to I-40 and proximity to Raleigh and Wilmington. Site features include paved or surfaced and off-street parking, septic service, and cable availability. One residence is leased through March 2027, while the other lease extends until September 2026.

Key Highlights

  • Two residences totaling 1,100 square feet on approximately 1 acre
  • Primary home offers 640 square feet, 1 bedroom, 1 bathroom, and a 30‑square‑foot front patio
  • Efficiency‑style cottage includes 520 square feet and a 25‑square‑foot front patio

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Garden Center Auto Repair Shop Restaurant Bar & Pub

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

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
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?
Duplex - Both residences were built in 2024 and are currently leased.
Where is this duplex located?
The property is located at 231 & 233 Hc Powers Road Wallace, NC.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two residences totaling 1,100 square feet on approximately 1 acre; Primary home offers 640 square feet, 1 bedroom, 1 bathroom, and a 30‑square‑foot front patio; Efficiency‑style cottage includes 520 square feet and a 25‑square‑foot front patio
More about this property
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