242 W Academy Street Wendell, NC 27591
MULTI_FAMILY - Wendell, NC
Property size:
3,632 SFLot size:
0.45 AcresPrice / SF:
$246/SF- Added:
- Mar 6, 2026
- Days on Market:
- 56
- Last Refresh:
- May 1 at 2:06 pm
Property Features for 242 W Academy Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NC
- Standard status
- Active
- APN
- 0070924
- Size
- 3,632 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lopt 242 W Academy Street
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Electric (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1915
Listing agent Amanda Rivera License #200524 (919) 656-7446
Listing office Five County Realty 3169 Wendell Blvd, Wendell, NC (919) 656-7446
Listing date Mar 6, 2026
MLS# 100558791
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.
Overview
Downtown Wendell Mixed-Use Investment
This unique mixed-use property is located in Downtown Wendell and fronts three separate roads: Wendell Blvd, Marshburn Rd, and Academy St. The property includes two buildings, each with separate addresses (242 W Academy and 3169 Wendell Blvd) and separate power and utilities. One building is a 2000 square foot fully renovated historic home, currently operating as "Cottage on the Boulevard" on VRBO. This residential building has a history of approximately 8 years of successful rent roll on VRBO and Airbnb, generating around $45,000 per year. While currently zoned residential, it can be converted to commercial use. The second building is a 1632 square foot office/retail single tenant building. This building has also been fully renovated and features 4 office/deck spaces, a conference table, a kitchen and eating area, a classroom that seats 20, and storage. It generates an additional $25,000 in rent per year. The lot size is 0.45 acres. The property is located in Wake County, North Carolina, with a zoning designation of NC.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Wendell
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3740104
- Latitude
- 35.7863224
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Unique mixed-use property in downtown Wendell with income potential.
Where is this mixed-use property located?
The property is located at 242 W Academy Street Wendell, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two fully renovated buildings with separate addresses and utilities.; Proven income‑generating property with $45k/year from residential rental and $25k/year from commercial rental.; Prime downtown location fronting three separate roads.
