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Wendell, NC

Multifamily

Wendell, NC Multifamily Properties for Sale

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Knightdale, NC Zebulon, NC Bailey, NC Clayton, NC Middlesex, NC Raleigh, NC Wake Forest, NC Youngsville, NC

Renovated Mixed-Use Downtown Property

Updated: Mar 6

Renovated Mixed-Use Downtown Property

242 W Academy Street, Wendell, NC 27591

$895,000

3,632 sqft 0.45 AC lot

Fronts 3 separate roads in Downtown Wendell: Wendell Blvd, Marshburn Rd, and Academy St
Multiple addresses/buildings: 242 W Academy and 3169 Wendell Blvd, each with separate power and utilities
2000 SF fully renovated historic home (VRBO): separate listing and has produced about $45k/year in rent over 8 years
Zoned residential and can be converted to commercial (per remarks)
Second building is a fully renovated office/retail single‑tenant space at 1,632 SF with separate rent of about $25k/year

This listing looks promising.

Here's a quick look at some key insights for

242 W Academy Street, Wendell, NC 27591

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Est. Cap Rate

6.2%
Above avg (5.9%)
Est. NOI

$56K
Annual
Price @ 7% Cap

$796K
Suggested
Property Type

Single Family Residence
Built 1915

View Property Analytics

Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 1 Active listings in Wendell, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Five-Unit Multifamily Investment Property

Five-Unit Multifamily Investment Property

613 Bellhaven Street, Garner, NC 27529

$775,000

4,624 sqft 0.55 AC lot

Five-unit multifamily property with two renovated units and three units ready for immediate occupancy.

Mixed-Use Corner Duplex Rentals

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.

R-6 Residential Development Land

R-6 Residential Development Land

655-659 Sunnybrook Road, Raleigh, NC 27610

$1,300,000

4,143 sqft 2.50 AC lot

2.5-acre site zoned R-6 with public water and sewer, currently improved with two rented basement houses.

Bundled Townhome Portfolio for Sale

Bundled Townhome Portfolio for Sale

3712 Mineral Mill, Raleigh, NC 27616

$5,750,000

28,224 sqft

Bundled three-bedroom townhomes with decks and one-car garages offered as a single purchase.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Cleared Land with RV Hookups

Cleared Land with RV Hookups

124 Kansas Drive, Louisburg, NC 27549

$75,500

0.33 AC lot

Three combined lots offer cleared space for RV use or a future cottage, with an approved 2-bedroom septic permit.

Residential Lot in Lillington, NC

Residential Lot in Lillington, NC

Murchison Off Lane lot: 14, Lillington, NC 27546

$35,000

0.18 AC lot

Blank slate lot near downtown Lillington, suitable for residential construction.

Residential Land in Lillington, NC

Residential Land in Lillington, NC

3 Lots 123 Rio Lane, Lillington, NC 27546

$50,000

0.35 AC lot

Generous lot near downtown Lillington suitable for residential construction.

Residential Lot Near Downtown

Residential Lot Near Downtown

Murchison Off Lane lot: 15, Lillington, NC 27546

$35,000

0.17 AC lot

Blank slate lot suitable for residential construction or mobile homes.

Off-Market Properties in Wendell, NC

Consider similar Off-Market properties in Wendell, 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.

2001 Oak Breeze Ln

MOBILE HOME PARK, TRAILER PARK

2001 Oak Breeze Ln, Wendell, NC 27591-7212

Value Estimation by Request

20.00 AC lot

2081 Wendell Blvd

MOBILE HOME PARK, TRAILER PARK

2081 Wendell Blvd, Wendell, NC 27591

$1,355,000

Estimated value

10.00 AC lot

701 Marshburn Rd

GARDEN APT, COURT APT (5+ UNITS)

701 Marshburn Rd, Wendell, NC 27591-8328

$5,620,000

Estimated value

2,425 sqft 5.38 AC lot

2703 Spamoca Dr

MOBILE HOME PARK, TRAILER PARK

2703 Spamoca Dr, Wendell, NC 27591-7030

Value Estimation by Request

4.80 AC lot

2812 Hollis House Ln

MOBILE HOME PARK, TRAILER PARK

2812 Hollis House Ln, Wendell, NC 27591

Value Estimation by Request

5.40 AC lot

105 Alexander Pl Way

GARDEN APT, COURT APT (5+ UNITS)

105 Alexander Pl Way, Wendell, NC 27591-6317

$510,000

Estimated value

5,642 sqft 5.51 AC lot

MOBILE HOME PARK, TRAILER PARK

421 3rd St, Wendell, NC 27591

Value Estimation by Request

1.03 AC lot

GARDEN APT, COURT APT (5+ UNITS)

1505 Vis Dr, Wendell, NC 27591-7266

Value Estimation by Request

4,777 sqft 2.15 AC lot

1001 Morphus Brg Rd

MOBILE HOME PARK, TRAILER PARK

1001 Morphus Brg Rd, Wendell, NC 27591-8371

Value Estimation by Request

1,972 sqft 4.56 AC lot

GARDEN APT, COURT APT (5+ UNITS)

229 Pne St, Wendell, NC 27591-7927

Value Estimation by Request

4,896 sqft 0.86 AC lot

2229 Davistown Rd

MOBILE HOME PARK, TRAILER PARK

2229 Davistown Rd, Wendell, NC 27591

Value Estimation by Request

17.60 AC lot

512 Eagle Rock Rd

Multifamily properties

512 Eagle Rock Rd, Wendell, NC 27591

Value Estimation by Request

49.30 AC lot

3169 Wendell Blvd

Multifamily properties

3169 Wendell Blvd, Wendell, NC 27591

Value Estimation by Request

2,031 sqft 0.49 AC lot

Multifamily properties

0 Rosaline Way, Wendell, NC 27591

Value Estimation by Request

21.33 AC lot

GARDEN APT, COURT APT (5+ UNITS)

503 Cook St, Wendell, NC 27591-7691

Value Estimation by Request

3,638 sqft 0.29 AC lot

GARDEN APT, COURT APT (5+ UNITS)

501 Cook St, Wendell, NC 27591

Value Estimation by Request

2,840 sqft 0.63 AC lot

100 Cedarfield Ct

GARDEN APT, COURT APT (5+ UNITS)

100 Cedarfield Ct, Wendell, NC 27591-8913

Value Estimation by Request

3,550 sqft 3.81 AC lot

Wendell, NC Multifamily Properties Market Trends and Statistics

Explore 18 multifamily properties for sale in Wendell, NC on our real estate platform. These investment opportunities span a total of 3,632 square feet of properties for sale, with an estimated market value of $895,000.

Sale prices for multifamily properties in Wendell, NC start at $895,000, averaging $895,000, and reaching up to $895,000 — 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

Demographics Overview

Population 27K

Population Growth (5Y) +26.8%

Median Household Income $76,710

College Educated 40.9%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
27591	$895K

Taxes & Financing

Tax Rate (average for all types) 0.99%

Property Tax per SF $16.40 per SF

Tax Rate vs County Average 0.01 pp below 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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Wake County

Residential Income

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