Wake County, NC Multifamily Properties for Sale

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Updated: Aug 10

Leased Triplex Near Downtown

718 S State Street, Raleigh, NC 27601

$775,000

5,040 sqft 0.17 AC lot

Three fully leased units with leases extending into 2027
5,040 square feet on a 0.17‑acre lot
Built in 2008 with vinyl siding and shingle roof
R‑10 zoning with public water and public sewer
Central air and forced‑air heating

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718 S State Street, Raleigh, NC 27601

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$58K
Annual
Price @ 7% Cap

$823K
Above asking
Property Type

Triplex
Built 2008

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Updated: Jul 17

Duplex with Detached Two-Car Garage

1305 Filmore Street, Raleigh, NC 27605

$799,000

1,786 sqft 0.27 AC lot

0.27‑acre lot with duplex configuration
Units A and B each have private entrances, living/dining area, kitchen, bedroom, and full bath
Lower‑level flex space plus laundry areas for added functionality
Detached two‑car garage and accessory space built in 1999, accessed from the rear alley
Rear decks, including elevated decks off the bedrooms, plus fenced yard

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Victorian Triplex with Wraparound Porch

612 Polk Street, Raleigh, NC 27604

$765,000

2,056 sqft 0.13 AC lot

Two-story income property with three bedrooms, three bathrooms, public utilities, and a detached rear storage structure.

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Mixed-Use Corner Duplex Rentals

123 & 121 New Rand, Garner, NC 27529

$675,000

1,790 sqft 0.87 AC lot

Two side-by-side rental homes on a corner site, currently zoned mixed use with convenient access near I-40.

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Triplex with Deck

3104 Crandon Lane, Raleigh, NC 27604

$665,000

3,168 sqft 0.70 AC lot

R-6 zoned triplex on a 0.7-acre lot with a deck, central heating and cooling, and public water and sewer.

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Quadplex with Rear Alley Parking

1110 Glenwood Avenue, Raleigh, NC 27605

$1,100,000

3,192 sqft 0.17 AC lot

Quadplex zoned R-10 with 2023 renovations, rear parking with alley access, and three long-term tenants plus one month-to-month unit.

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5-Unit Apartment Building

621-629 Marshskip Way, Rolesville, NC 27571

$1,785,000

1,827 sqft 0.04 AC lot

New-construction townhome units combine modern finishes, private patios, and convenient access to nearby retail and dining.

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Renovated Historic Quadplex

1110 Glenwood Ave, Raleigh, NC 27605

$1,100,000

3,192 sqft

Four apartments combine updated interiors with preserved historic character.

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Updated Quadplex with In-Unit Laundry

404 E Edenton Street, Raleigh, NC 27601

$879,000

3,677 sqft 0.10 AC lot

Four-unit residential income property with refreshed interiors, private laundry, and a Downtown Raleigh setting.

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Well-Maintained Duplex with Central Air

3408 Atlantic Avenue, Raleigh, NC 27604

$510,000

2,344 sqft 0.33 AC lot

R-6 zoned duplex with central air/heat pump, public water and public sewer, and one unit leased through July 15, 2027.

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3-Unit Multifamily Investment

123 Park Ave, Raleigh, NC 27605

$1,400,000

3,716 sqft

Two-building setup offers three residential units with on-site laundry in both buildings and a recent continuous occupancy record.

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Brick Triplex

502 Mcknight Drive, Knightdale, NC 27545

$1,300,000

3,650 sqft

Three-unit multifamily property with brick construction, natural-gas heating, and NMX zoning in Knightdale.

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Ranch Duplex with Patio

841 Barringer Drive, Raleigh, NC 27606

$475,000

1,641 sqft 0.35 AC lot

Two mirror-image units offer two bedrooms, one full bath, and laundry facilities apiece.

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Duplex with Two-Bedroom Units

841 Barringer Dr, Raleigh, NC 27606

$470,000

1,641 sqft

Two mirrored residences offer patios, laundry closets, and driveway parking in a naturally wooded setting.

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Renovated Mixed-Use Property

242 W Academy Street, Wendell, NC 27591

$895,000

3,632 sqft 0.45 AC lot

Two renovated buildings combine a historic lodging residence with flexible office and retail space in downtown Wendell.

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Duplex with Fireplace

519 E Walnut Avenue, Wake Forest, NC 27587

$299,900

1,912 sqft 0.27 AC lot

Two-unit duplex with central air, on-street parking, and a fireplace set on a 0.27-acre lot.

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Income-Producing Triplex in Raleigh

15 N Fisher, Raleigh, NC 27610

$600,000

3,028 sqft 0.11 AC lot

Stable income triplex near Downtown Raleigh with high occupancy.

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Five-Unit Multifamily Building

613 Bellhaven Street, Garner, NC 27529

$775,000

4,624 sqft 0.55 AC lot

MF-A zoned five-unit multifamily with parking lot and public water and sewer; two units are renovated.

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Stabilized Multifamily Community in Raleigh

2821 Club Plaza, Raleigh, NC 27603

$1,200,000

5,742 sqft 0.70 AC lot

7-unit multifamily property in South Raleigh, 100% occupied.

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Duplex with Private Fenced Backyards

808 Vardaman Street, Raleigh, NC 27610

$799,000

2,390 sqft 0.10 AC lot

Duplex built in 2022 with central HVAC, public utilities, and private fenced backyards for both units in an R-10 zone.

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Four-Unit Duplex Property

626 Maple Lane, Raleigh, NC 27603

$700,000

1.24 AC lot

Occupied residences are leased month to month, with no HOA or restrictive covenants affecting the property.

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Duplex with Private Fenced Backyards

804 Vardaman Street, Raleigh, NC 27610

$799,000

2,418 sqft 0.11 AC lot

Like-new duplex built in 2022 with two units, each featuring a first-floor primary suite and private fenced yard space.

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Two-Story Duplex with Redevelopment Potential

3990 Wendell Boulevard, Wendell, NC 27591

$625,000

Existing two-level duplex outside the historic district with Neighborhood Center zoning and month-to-month rental occupancy.

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Duplex with Fireplaces

7413 Leesville Road, Raleigh, NC 27613

$485,000

2,231 sqft 0.33 AC lot

R-6 zoned duplex with private back decks, fireplaces, and central air with heat pump.

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Wake County, NC Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Wake County, NC, showcased through 72 active listings on our real estate platform. These investment opportunities span a total of 179,958 square feet of properties for sale, with an estimated market value of $65,388,199.

Sale prices for multifamily properties in Wake County, NC start at $140,000, averaging $934,117, and reaching up to $5,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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