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Vacant Triplex with Fenced Yard
For Sale
$150,000

408 Lee Street NE, Wilson, NC 27893

Residential Income, Wilson, NC

Property Size3,189 SF
Lot Size0.42 Acres
Price / SF$47.04
Days on Market142

Property Features for 408 Lee Street NE

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2
Parking 2
Parking features Driveway
Exterior features Fenced Yard, Private Yard
Fencing Fenced, Chain Link
Basement Exterior Entry, Crawl Space, Dirt Floor
Subdivision Not in a Subdivision
Lot features Back Yard
Elementary school Wilson - Margaret Hearne Elementary
Middle school Wilson - Toisnot
High school Wilson - Fike High
Standard status Active
APN 3722333221000
Size 3,189 SF
Lot size 0.42 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 408 Lee St Ne 1.00Lt
Tax Annual Amount 821
Legal Description 408 Lee St Ne 1.00Lt

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Ductless (Heating), Electric (Heating), Baseboard
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Flooring type Wood
Building materials Vinyl Siding
Roof type Metal, Shingle
Listing Agency: Choice Residential Real Estate
Listed By: Marta Veronica Guzman · License #329420
Added: May 7 Changed: Sep 21 Last Checked: Sep 25 at 10:06PM
MLS# 10165537

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 3,189-square-foot triplex contains two one-bedroom, one-bath apartments on the lower level and one three-bedroom, one-bath apartment upstairs. The property was built in 1920 and includes wood flooring, vinyl siding, a combination of metal and shingle roofing, and a basement. Heating is provided by ductless, baseboard, and electric systems, with window-unit cooling. The building is being sold as-is, and utilities will not be turned on for inspections.

Set on 0.42 acres at 408 Lee Street NE in Wilson, the property is located within the Old Wilson Historic District. The site includes a fenced private yard and driveway parking. Public water and public sewer serve the property, and cable is available.

Key Highlights

  • Three‑unit layout with two 1/1 apartments downstairs and one 3/1 apartment upstairs
  • All units are vacant
  • 3,189 square feet on 0.42 acres

Property Analytics

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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
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
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Frequently Asked Questions

What type of property is this?
Triplex - Two lower-level one-bedroom units and one upper-level three-bedroom unit are currently vacant.
Where is this triplex located?
The property is located at 408 Lee Street 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: Three‑unit layout with two 1/1 apartments downstairs and one 3/1 apartment upstairs; All units are vacant; 3,189 square feet on 0.42 acres
More about this property
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