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Three-Unit Apartment Property
For Sale
$150,000

408 Lee St NE, Wilson, NC 27893

Three vacant apartments span two floors, including two one-bedroom units downstairs and one three-bedroom unit upstairs.

Property Size3,189 SF
Price / SF$47.04
Days on Market109

Property Features for 408 Lee St NE

General Information

Standard status Active
Size 3,189 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units 3

Building Details

Year Built 1920
Listing Agency: Choice Residential Real Estate
Listed By: Marta Veronica Guzman
Source: Tcrnc
Added: May 15 Changed: Aug 30 Last Checked: Aug 30 at 8:34PM

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 Choice Residential Real Estate

Investment Insights

Based on property information with market context.

This 3,189-square-foot triplex contains three separate apartments arranged over two levels. The lower floor includes two 1/1 units, while the upper floor has one 3/1 unit. All three apartments are currently vacant, providing a clear view of the existing unit layout.

The property is located at 408 Lee St NE in Wilson, North Carolina, within the Old Wilson Historic District. It is offered as-is. Utilities will not be turned on for inspections, an important consideration when planning property review and due diligence.

Key Highlights

  • 3,189‑square‑foot triplex with three separate apartments
  • Two 1/1 apartments located on the downstairs level
  • One 3/1 apartment positioned upstairs

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Storage Facility Electrical Service Big Box & Wholesale Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

650
Businesses Nearby

Demographics for 27893, NC

37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value

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?
Triplex - Three vacant apartments span two floors, including two one-bedroom units downstairs and one three-bedroom unit upstairs.
Where is this triplex located?
The property is located at 408 Lee St NE Wilson, NC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 3,189‑square‑foot triplex with three separate apartments; Two 1/1 apartments located on the downstairs level; One 3/1 apartment positioned upstairs
More about this property
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