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13-Unit Brick Apartment Building
New
For Sale
$995,000

915 Raleigh Rd Parkway W, Wilson, NC 27896

Historic masonry apartment property with varied unit types and on-site coin-operated laundry.

Property Size13,650 SF
Price / SF$72.89
Days on Market4

Property Features for 915 Raleigh Rd Parkway W

General Information

Standard status Active
Size 13,650 SF
Property subtype COMMERCIAL

Units

Unit Mix 7 x 2BR, 5 x 1BR, 1 x studio
Multifamily Units 13

Additional Details

Gross Income $132,060
Highway Access Yes

Amenities

on-site laundry

Building Details

Building Size 13,650 SF
Year Built 1933
Buildings 1
Construction masonry
Tenancy Multi
Listing Agency: Tranzon Key
Listed By: Linda Terry · License #211005
Source: Dustinbennett
Added: Aug 6 Changed: Aug 9 Last Checked: Aug 9 at 10:03AM

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 Tranzon Key

Investment Insights

Based on property information with market context.

Constructed in 1933, this 13-unit apartment building contains approximately 13,650 square feet of solid masonry construction. The unit mix includes 7 two-bedroom apartments, 5 one-bedroom apartments, and 1 studio. Building features include 2-foot-thick brick walls, steel I-beam framing, concrete floors, 9-foot ceilings, hardwood and marble flooring, and distinctive floor plans. A dimensional shingle roof was installed in 2021.

Property systems include a commercial Peerless boiler, commercial natural gas hot water, conduit-installed electrical wiring, and hardwired smoke and fire detection with battery backup. Residents pay electricity and internet, while ownership covers heat, water/sewer, trash service, and lawn maintenance. On-site coin-operated laundry is included, with room for expansion.

The property is near Barton College, schools, shopping, and medical facilities, with access to I-95, US-264, and I-795. Up to five additional units may be added subject to applicable approvals.

Key Highlights

  • 13‑unit apartment building with 7 two‑bedroom units, 5 one‑bedroom units, and 1 studio
  • Approximately 13,650 square feet of solid masonry construction
  • Constructed in 1933 with 2‑foot‑thick brick walls and steel I‑beam framing

Property Analytics

Current Use

EasyQuotes4You Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Building Supply Skin Care Clinic

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

13
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

83
Businesses Nearby

Demographics for 27896, NC

20,683
Population
8,496
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
91%
High-School Grad
35.2 sq mi
ZIP Area
588
Density / Sq Mi
$67,893
Median Household Income
$44,339
Median Earnings
$1,093
Median Rent
$213,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic masonry apartment property with varied unit types and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 915 Raleigh Rd Parkway W Wilson, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 13‑unit apartment building with 7 two‑bedroom units, 5 one‑bedroom units, and 1 studio; Approximately 13,650 square feet of solid masonry construction; Constructed in 1933 with 2‑foot‑thick brick walls and steel I‑beam framing
More about this property
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