Duplex with Wood-Burning
411 W Oak Avenue, Wake Forest, NC 27587
DUPLEX - Other - Wake Forest, NC
Property size:
1,559 SFLot size:
0.03 AcresPrice / SF:
$166/SF- Added:
- Apr 11, 2026
- Days on Market:
- 85
- Last Refresh:
- Jul 4 at 5:06 pm
Property Features for 411 W Oak Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GR3
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Dining Room, Basement, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1
- Parking
- 2
- Parking features
- Driveway
- Patio and Porch features
- Porch, Deck
- Interior features
- Ceiling Fan(s), Living/Dining Room Combination
- Exterior features
- Balcony, Rain Gutters
- Fireplace
- 1
- Basement
- Crawl Space
- Appliances
- Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Washer/Dryer
- Standard status
- Active
- APN
- 184110466307000 0159407
- Size
- 1,559 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lo411 Brook Hollow Sub Bm1986-1598
- Tax Annual Amount
- 2414
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Fireplace(s)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- Cedar, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Andrea Cummings (603) 560-3038
Listing office Property Specific, LLC 143 Wait Ave, Raleigh, NC (919) 307-7767
Listing date Apr 11, 2026
MLS# 10159419
Listing URL
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.
HighLights
- 2‑bedroom, 2.5‑bath home just under 1,600 sq ft with a three‑level layout
- Wood‑burning fireplace in the main living area; forced‑air heating and ceiling fans
- Back deck and porch, plus balcony and rain gutters
- Appliances include electric cooktop, electric oven, microwave, refrigerator, and washer/dryer
- Vinyl, carpet, and laminate flooring; cedar/wood siding exterior
- Public water and public sewer; driveway parking; no HOA
Overview
This duplex at 411 W Oak Avenue is a distinctive, three-level home configured with 2 bedrooms and 2.5 baths. The main living level features an open living area anchored by a cozy wood-burning fireplace, with new LVP flooring adding a fresh, modern finish. Downstairs includes a private bedroom, a full bath, and a dedicated office space suited for work-from-home needs, while the upper level provides a second bedroom and a full bath for added separation.
The property is described as tucked among trees while still offering convenience, with Joyner Park within walking distance. The remarks also note minutes to nearby shops, restaurants, and the character of Downtown Wake Forest, making everyday errands and dining accessible.
Inside, the split-by-level layout supports privacy and flexible use, including a dedicated office alongside one of the bedrooms. Additional comfort is provided by a newer HVAC, and the home is noted as having no HOA, which can simplify ownership considerations. A back deck is also included, positioned for outdoor enjoyment with a wooded, private feel.
The property is described as tucked among trees while still offering convenience, with Joyner Park within walking distance. The remarks also note minutes to nearby shops, restaurants, and the character of Downtown Wake Forest, making everyday errands and dining accessible.
Inside, the split-by-level layout supports privacy and flexible use, including a dedicated office alongside one of the bedrooms. Additional comfort is provided by a newer HVAC, and the home is noted as having no HOA, which can simplify ownership considerations. A back deck is also included, positioned for outdoor enjoyment with a wooded, private feel.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $19.80 |
| − Vacancy | −$1.9k | −$1.19 |
| EGI | $29.0k | $18.61 |
| − OpEx | −$13.1k | −$8.38 |
| NOI | $16.0k | $10.24 |
1,559 SF · lease $19.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$228.0K
$199.5K – $266.0K
NOI $15,959 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$445.1K
$389.5K – $519.3K
NOI $31,159 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Wake Forest
- County
- Wake
- State
- North Carolina
- Longitude
- -78.511155
- Latitude
- 35.992142
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Three-level duplex offers fireplace living space and easy access to Joyner Park and downtown Wake Forest.
Where is this single family property located?
The property is located at 411 W Oak Avenue Wake Forest, NC.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2‑bedroom, 2.5‑bath home just under 1,600 sq ft with a three‑level layout; Wood‑burning fireplace in the main living area; forced‑air heating and ceiling fans; Back deck and porch, plus balcony and rain gutters
