5333 Wayne Street, Raleigh, NC 27606
MULTI_FAMILY - Raleigh, NC
- Added:
- Jul 6, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 8 at 4:06 pm
Property Features for 5333 Wayne Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-10
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 7, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 5, Bathroom 8, Bathroom 1, Bedroom 2, Bathroom 6, Bathroom 4, Bedroom 4
- Patio and Porch features
- Deck
- Interior features
- Dual Closets
- Standard status
- Active
- APN
- 0783119846
- Size
- 3,981 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lo5g Of Lt 5 Wayneridge Bm1983-01555
- Tax Annual Amount
- 6115
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Varies by Unit
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Fiber Cement
- Roof type
- Shingle
Listing agent Aaron Moon License #255501 (919) 906-6317
Listing office Keller Williams Elite Realty 245 NC Hwy 54 E Suite 101, Durham, NC (984) 244-5830
Listing date Jul 6, 2026
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
- 4‑unit quadplex; each unit offers 2 bedrooms and 2 bathrooms plus a private deck
- All 4 units are on month‑to‑month leases, allowing unit‑by‑unit renovations without stopping rental income
- Year built: 1984; exterior constructed with fiber cement and roof with shingles
- Utilities: public water and public sewer service
- Flooring includes vinyl and carpet; interior features include dual closets
- Location offers access to Lake Johnson Park and the Raleigh Greenway system; close to I‑40, NC State, RDU International Airport, and RTP
Overview
The home is located in Raleigh, Wake County, and is described as being next to Lake Johnson Park. The listing notes connections to the Raleigh Greenway system and access to outdoor amenities including nearby unpaved trails and paved greenway trails, as well as a nature preserve and an outdoor swimming pool. The remarks further state convenient access to I-40, NC State, RDU International Airport, and Research Triangle Park.
All four units are currently on month-to-month leases, which can allow the new owner to manage turnover and capital improvements unit by unit while continuing to collect rental income during the transition. For investors and operators seeking a small multifamily asset with a consistent unit mix and flexible lease terms, this quadplex presents a straightforward ownership structure in a location positioned around prominent outdoor and commuter access points.
Local Financial Insights For Multifamily LT 5
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 | $69.3k | $17.40 |
| − Vacancy | −$4.3k | −$1.07 |
| EGI | $65.0k | $16.33 |
| − OpEx | −$19.5k | −$4.90 |
| NOI | $45.5k | $11.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.723835
- Latitude
- 35.760691
