Duplex Property Near Community
New
For Sale
$1,400,000
611 SE Railroad Street, Wallace, NC 28466
MULTI_FAMILY - Wallace, NC
Property SizeContact for details
Lot Size0.86 Acres
Days on Market4
Property Features for 611 SE Railroad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r-8
Parking features
Off Street
Subdivision
Not In Subdivision
Directions
Take Hwy 117 N in Wallace and turn left onto Cliff St. Go to Railroad tracks and turn left before you cross tracks staying on SE Railroad St. Duplexes will be on your left just before you reach The Brian Center rehab /nursing facility.
Standard status
Active
APN
09-1330
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
.86+/- ac
Legal Description
.86+/- ac
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1993
Number of units
8
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Johnson Realty
(910) 285-9111
Listed By:
Valerie R Johnson · License #241499
(910) 285-9111
Added: Aug 2
Changed: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 100593791
Copyright © 2026 Hive 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 multifamily property includes four buildings with two rental units per building and a two-bedroom, one-and-a-half-bath layout. Each unit provides a living area, kitchen, dining space, and half bath on the main level, with two bedrooms and a full bath upstairs. Washer and dryer hookups are installed. Vinyl siding, wood-frame construction, shingle roofing, central air, and forced-air electric heat support the existing improvements. The property was built in 1993 and occupies 0.86 acres.
Written leases are in place with some residents having lived at the property for several years, and only one unit was vacant at the time of listing. Units are served by public water, sewer, and trash collection through the Town of Wallace. Off-street parking is available on site. Clement Street Park is directly behind the property with a playground, walking track, and tennis courts, while downtown shopping is nearby. Interstate 40 can be reached in less than 10 minutes.
Written leases are in place with some residents having lived at the property for several years, and only one unit was vacant at the time of listing. Units are served by public water, sewer, and trash collection through the Town of Wallace. Off-street parking is available on site. Clement Street Park is directly behind the property with a playground, walking track, and tennis courts, while downtown shopping is nearby. Interstate 40 can be reached in less than 10 minutes.
Key Highlights
- Four buildings with two rental units per building
- Two‑bedroom, 1.5‑bath unit layouts with upstairs bedrooms
- Built in 1993 on 0.86 acres
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
388
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four buildings offer two-bedroom layouts, private entrances, and on-site off-street parking.
Where is this duplex 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 with two rental units per building; Two‑bedroom, 1.5‑bath unit layouts with upstairs bedrooms; Built in 1993 on 0.86 acres
