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Triplex with Vacant Apartments
For Sale
$150,000

408 Lee Street NE, Wilson, NC 27893

MULTI_FAMILY - Wilson, NC

Property Size3,189 SF
Lot Size0.42 Acres
Price / SF$47.04
Days on Market95

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 3, Bathroom 3, Bathroom 2, Basement, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Parking 2
Parking features Driveway
Exterior features Fenced Yard, Private Yard
Fencing Chain Link, Fenced
Basement Dirt Floor, Crawl Space, Exterior Entry
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 Baseboard, Electric (Heating), Ductless (Heating)
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 Shingle, Metal
Listing Agency: Choice Residential Real Estate
Listed By: Marta Veronica Guzman
Added: May 7 Changed: Aug 3 Last Checked: Aug 9 at 8:06AM
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 triplex property offers a straightforward investment layout with all units currently vacant. The downstairs level includes two one-bedroom apartments, while the upstairs level features one three-bedroom apartment. The home is being sold as-is, and utilities will not be turned on for inspections.

Constructed in 1920, the exterior features vinyl siding and includes both a private yard and a fenced yard. The property is equipped with electric heating via baseboard and ductless systems, with window unit cooling. Flooring is wood.

Practical site and service details include a driveway for parking, chain link fencing, public water, and public sewer. Cable is available, and the roof includes shingle and metal components. The lot size is 0.42 acres and the property size is 3,189 square feet.

Key Highlights

  • All units vacant in a triplex with downstairs two one‑bedroom units and one upstairs three‑bedroom unit
  • 0.42‑acre lot with 3,189 SF triplex layout built in 1920
  • Electric baseboard and ductless heating with window unit cooling

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

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

853
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with all units vacant, including two one-bedroom apartments and one three-bedroom apartment.
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: All units vacant in a triplex with downstairs two one‑bedroom units and one upstairs three‑bedroom unit; 0.42‑acre lot with 3,189 SF triplex layout built in 1920; Electric baseboard and ductless heating with window unit cooling
More about this property
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