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Duplex With Two Rental Homes
For Sale
$210,000

231 & 233 Hc Powers Road, Wallace, NC 28466

MULTI_FAMILY - Wallace, NC

Property Size1,100 SF
Lot Size1.00 Acre
Price / SF$190.91
Days on Market8

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 Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
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)

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: Aug 1 Last Checked: Aug 1 at 3:06PM
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.

Duplex featuring two tenant-occupied income-producing homes at 231 & 233 HC Powers Road, Wallace, NC. The primary home includes 640 square feet with one bedroom and one bathroom, along with a 30-square-foot front patio. The second home is a 520-square-foot efficiency-style cottage with an open-concept layout and its own 25-square-foot front patio. Both homes were built in 2024.

The property is currently tenant-occupied and leased through March 2027. Parking is off-street and paved or surfaced. Construction materials are block, with shingle roofing. Heating is provided by baseboard electric, and cooling is via wall/window units and window units. Sewer service is through a septic tank, and cable is available.

Set on approximately one acre, the property offers an outdoor space advantage for day-to-day use while maintaining a straightforward duplex configuration designed for rental occupancy already in place.

Key Highlights

  • Leased through March 2027 with both homes currently tenant‑occupied
  • Approximately one acre duplex with two separate rental homes
  • Primary home: 640 SF with one bedroom, one bathroom and 30 SF front patio

Property Analytics

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two 2024-built rental homes on about one acre, tenant-occupied and leased through March 2027.
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: Leased through March 2027 with both homes currently tenant‑occupied; Approximately one acre duplex with two separate rental homes; Primary home: 640 SF with one bedroom, one bathroom and 30 SF front patio
More about this property
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