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    Wake Forest, NC
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    Wake Forest, NC Multifamily Properties for Sale

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    Duplex with Two Distinct Units
    Updated: Jul 29
    Duplex with Two Distinct Units

    519 E Walnut Avenue, Wake Forest, NC 27587

    $299,900
    1,912 sqft 0.27 AC lot
    Two‑unit duplex with 3‑bedroom and 1‑bedroom layouts
    1,912 square feet on a 0.27‑acre lot
    Built in 1940 with brick veneer and vinyl siding
    Hardwood and vinyl flooring throughout the units
    Forced‑air natural gas heat, central air, and a fireplace
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    Three-Bedroom Duplex Property
    Updated: Jan 21
    Three-Bedroom Duplex Property

    417 Pearce Avenue, Wake Forest, NC 27587

    $465,000
    2,750 sqft 0.48 AC lot
    2,750 square feet on a 0.48‑acre lot
    Two 3‑bedroom, 2‑full‑bath units
    Two bedrooms on the main level and one upstairs in each unit
    Fully leased duplex
    UR zoning with access to Pearce Avenue
    View details
    Duplex with Updated Unit
    Duplex with Updated Unit

    425 Pearce Avenue, Wake Forest, NC 27587

    $495,000
    2,721 sqft 0.91 AC lot

    One unit includes refreshed flooring, cabinetry, countertops, appliances, and interior paint.

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    Duplex with Two Unit Mix
    Duplex with Two Unit Mix

    519 E Walnut Ave, Wake Forest, NC 27587

    $299,900
    1,912 sqft

    Two-unit residential income property with separate living areas, kitchens, and bedrooms suited to distinct household layouts.

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    Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 4 Active listings in Wake Forest, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 39 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Income-Generating Triplex with Pharmacy Tenant
    Income-Generating Triplex with Pharmacy Tenant

    502 McKnight Drive, Knightdale, NC 27545

    $1,300,000

    Triplex with three units, including a pharmacy tenant under a 5-year lease.

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    Two-Duplex Multifamily Property
    Two-Duplex Multifamily Property

    8809 & 8813 Litchford Road, Raleigh, NC 27615

    $1,850,000

    Newly built rental community with individually leased bedroom suites, private bathrooms, keyed access, and full occupancy.

    View details
    New Construction Apartment Buildings
    New Construction Apartment Buildings

    3712 Mineral Mill, Raleigh, NC 27616

    $5,700,000
    28,224 sqft

    Bundled townhome residences offer three-level layouts, private bedroom suites, attached garages, and flexible loft space.

    View details
    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    502 Mcknight #A,B, & C, Knightdale, NC 27545

    $1,300,000

    Multifamily asset with three separate residential units in Knightdale, near Raleigh and the Triangle.

    View details

    Off-Market Properties in Wake Forest, NC

    Consider similar Off-Market properties in Wake Forest, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    612 Ridgetop Way
    GARDEN APT, COURT APT (5+ UNITS)

    612 Ridgetop Way, Wake Forest, NC 27587-5520

    $1,085,000
    Estimated value
    11,768 sqft 11.99 AC lot
    View details
    531 Granite Grv Loop
    GARDEN APT, COURT APT (5+ UNITS)

    531 Granite Grv Loop, Wake Forest, NC 27587-3770

    $3,315,000
    Estimated value
    34,419 sqft 14.03 AC lot
    View details
    1000 Wait Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1000 Wait Ave, Wake Forest, NC 27587-7677

    $6,830,000
    Estimated value
    4,656 sqft 4.67 AC lot
    View details
    11050 Ligon Ml Rd
    GARDEN APT, COURT APT (5+ UNITS)

    11050 Ligon Ml Rd, Wake Forest, NC 27587-3327

    $1,840,000
    Estimated value
    25,920 sqft 1.60 AC lot
    View details
    3229 Quarry Rd
    MOBILE HOME PARK, TRAILER PARK

    3229 Quarry Rd, Wake Forest, NC 27587-6930

    $100,000
    Estimated value
    540 sqft 0.51 AC lot
    View details
    13005 Bold Run Hl Rd
    MOBILE HOME PARK, TRAILER PARK

    13005 Bold Run Hl Rd, Wake Forest, NC 27587-8001

    $345,000
    Estimated value
    6.10 AC lot
    View details
    1311 Gilcrest Farm Rd
    MOBILE HOME PARK, TRAILER PARK

    1311 Gilcrest Farm Rd, Wake Forest, NC 27587-7002

    $365,000
    Estimated value
    5.60 AC lot
    View details
    331 Franklin St
    GARDEN APT, COURT APT (5+ UNITS)

    331 Franklin St, Wake Forest, NC 27587-2659

    $4,235,000
    Estimated value
    10,890 sqft 3.50 AC lot
    View details
    1423 Deerfield Xing Dr
    MOBILE HOME PARK, TRAILER PARK

    1423 Deerfield Xing Dr, Wake Forest, NC 27587

    $5,075,000
    Estimated value
    36.00 AC lot
    View details
    817 Stadium Dr
    GARDEN APT, COURT APT (5+ UNITS)

    817 Stadium Dr, Wake Forest, NC 27587-8752

    $26,380,000
    Estimated value
    5,964 sqft 11.04 AC lot
    View details
    219 Ws Ave
    GARDEN APT, COURT APT (5+ UNITS)

    219 Ws Ave, Wake Forest, NC 27587-2541

    $1,135,000
    Estimated value
    6,169 sqft 0.21 AC lot
    View details
    1801 Capital Crk Dr
    GARDEN APT, COURT APT (5+ UNITS)

    1801 Capital Crk Dr, Wake Forest, NC 27587-4524

    $59,500,000
    Estimated value
    38,372 sqft 14.95 AC lot
    View details
    343 Oak Ave
    GARDEN APT, COURT APT (5+ UNITS)

    343 Oak Ave, Wake Forest, NC 27587-2174

    $3,910,000
    Estimated value
    3,072 sqft 1.36 AC lot
    View details
    1710 Alexander Spgs Ln
    GARDEN APT, COURT APT (5+ UNITS)

    1710 Alexander Spgs Ln, Wake Forest, NC 27587-3992

    $30,010,000
    Estimated value
    20,700 sqft 17.33 AC lot
    View details
    510 Coastal Cres
    GARDEN APT, COURT APT (5+ UNITS)

    510 Coastal Cres, Wake Forest, NC 27587-3110

    $2,005,000
    Estimated value
    21,219 sqft 19.06 AC lot
    View details
    608 Main St
    BOARDING/ROOMING HOUSE

    608 Main St, Wake Forest, NC 27587-2805

    $405,000
    Estimated value
    5,508 sqft 0.69 AC lot
    View details
    441 Stone Monument Dr
    GARDEN APT, COURT APT (5+ UNITS)

    441 Stone Monument Dr, Wake Forest, NC 27587-3340

    $2,545,000
    Estimated value
    35,292 sqft 3.21 AC lot
    View details
    102 Margie Cir, Unit 115
    MOBILE HOME PARK, TRAILER PARK

    102 Margie Cir, Wake Forest, NC 27587-6106

    Unit 115
    $340,000
    Estimated value
    4.90 AC lot
    View details
    811 Brewer Ave
    GARDEN APT, COURT APT (5+ UNITS)

    811 Brewer Ave, Wake Forest, NC 27587-2271

    $235,000
    Estimated value
    6,400 sqft 0.09 AC lot
    View details
    1208 Bradford Park Rd
    GARDEN APT, COURT APT (5+ UNITS)

    1208 Bradford Park Rd, Wake Forest, NC 27587-1761

    $4,265,000
    Estimated value
    55,980 sqft 26.68 AC lot
    View details

    Wake Forest, NC Multifamily Properties Market Trends and Statistics

    Explore 43 multifamily properties for sale in Wake Forest, NC, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,295 square feet of properties for sale, with an estimated market value of $1,559,800.

    Sale prices for multifamily properties in Wake Forest, NC start at $299,900, averaging $389,950, and reaching up to $495,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 4

    Demographics Overview

    Population 82K
    Population Growth (5Y) +23.0%
    Median Household Income $125,607
    College Educated 39.2%

    High-Yield Neighborhoods for Investment

    Identify Wake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    27587 $497K

    Taxes & Financing

    Tax Rate (average for all types) 1.05%
    Property Tax per SF $9.36 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wake County

    New Delisted

    Total CRE Inventory on Market (SF)

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