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Two-Unit Duplex Rental Property
For Sale
$210,000

Wallace, NC 28466, Wallace, NC 28466

Residential Income, Wallace, NC

Property Size1,100 SF
Lot Size1.00 Acre
Price / SF$190.91
Days on Market78

Property Features

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking features Paved or Surfaced, Off Street
Patio and Porch features Patio
Lot features Corner Lot
Elementary school Wallace
Middle school Wallace
High school Wallace-Rose Hill
Subdivision Not In Subdivision
Standard status Active
Size 1,100 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1303

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Electric (Heating), Baseboard
Cooling system Window Unit(s), Wall/Window Unit(s)

Amenities

front patio

Building Details

Year built 2024
Floors in Building 1
Number of units 2
Building materials Block
Roof type Shingle
Listing Agency: J Blackman Real Estate
Listed By: Janiel L Blackman · License #253168
Added: Jul 25 Changed: Oct 8 Last Checked: Oct 10 at 7:06AM
MLS# 100591586

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 duplex property comprises two homes built in 2024 on a 1-acre parcel. One residence offers 640 square feet, one bedroom, one bathroom, and a 30-square-foot front patio. The other is a 520-square-foot efficiency-style cottage with an open layout and a 25-square-foot patio. Both homes are currently occupied under leases, one through September 2026 and the other through March 2027.

The buildings have block construction, shingle roofing, electric baseboard heat, and window or wall/window air conditioning. The property is served by a septic tank and has paved, off-street parking. Cable is available.

Key Highlights

  • Two tenant‑occupied homes on a 1‑acre parcel
  • 640‑square‑foot residence with 1 bedroom, 1 bathroom, and a 30‑square‑foot patio
  • 520‑square‑foot efficiency cottage with an open layout and a 25‑square‑foot patio

Property Analytics

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Current Use

Duplexes

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Both residences are tenant-occupied, with leases extending into 2026 and 2027.
Where is this duplex located?
The property is located at Wallace, NC.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two tenant‑occupied homes on a 1‑acre parcel; 640‑square‑foot residence with 1 bedroom, 1 bathroom, and a 30‑square‑foot patio; 520‑square‑foot efficiency cottage with an open layout and a 25‑square‑foot patio
More about this property
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