Multifamily Property with Duplex
For Sale
$1,400,000
611 SE Railroad Street, Wallace, NC 28466
Four rental buildings offer two-bedroom layouts, on-site parking, and access to town-provided utilities and services.
Property SizeContact for details
Days on Market19
Property Features for 611 SE Railroad Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
r-8
Building Details
Year Built
1993
Units
8
Listing Agency:
Johnson Realty
(910) 285-9111
Listed By:
Valerie R Johnson · License #241499
(910) 285-9111
Source:
Frankerealproperties
Added: Aug 2
Changed: Aug 20
Last Checked: Aug 20 at 1:37PM
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 Johnson Realty
Investment Insights
Based on property information with market context.
This multifamily property consists of four buildings constructed in 1993, with two rental units in each building. The residences feature two bedrooms and 1.5 baths, with living, kitchen, dining, and half-bath areas on the lower level and the bedrooms plus a full bath upstairs. Washer and dryer connections are installed, and vinyl siding supports lower-maintenance ownership. Written leases are in place for most occupied units, with only one vacancy reported at the time of listing.
The property is located at 611 SE Railroad Street in Wallace, near downtown shopping and Clement Street Park. The park offers a playground, walking track, and tennis courts. Off-street paved parking serves the buildings, while town water, sewer, and trash collection are provided through the Town of Wallace. Interstate 40 is accessible in less than 10 minutes. The property is zoned r-8.
The property is located at 611 SE Railroad Street in Wallace, near downtown shopping and Clement Street Park. The park offers a playground, walking track, and tennis courts. Off-street paved parking serves the buildings, while town water, sewer, and trash collection are provided through the Town of Wallace. Interstate 40 is accessible in less than 10 minutes. The property is zoned r-8.
Key Highlights
- Four buildings constructed in 1993, with two rental units in each building
- Two‑bedroom, 1.5‑bath floor plans with upstairs bedrooms and full baths
- Written leases in place; only one unit vacant at time of listing
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 28466, NC
8,773
Population
4,647
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
85%
High-School Grad
179.1 sq mi
ZIP Area
49
Density / Sq Mi
$61,906
Median Household Income
$38,511
Median Earnings
$851
Median Rent
$179,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four rental buildings offer two-bedroom layouts, on-site parking, and access to town-provided utilities and services.
Where is this multifamily property located?
The property is located at 611 SE Railroad Street Wallace, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four buildings constructed in 1993, with two rental units in each building; Two‑bedroom, 1.5‑bath floor plans with upstairs bedrooms and full baths; Written leases in place; only one unit vacant at time of listing
