Marie Burrell

Broker License ID: 295711

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Listed by Better Homes & Gardens Real Es

$ 802,500

$ 950,000 15.5%

Est. payment | -/mo

5 Beds

5 Baths

3,657 SqFt

$ 802,500

$ 950,000 15.5%

Est. payment | -/mo

5 Beds

5 Baths

3,657 SqFt

Key Details

Sold Price $802,500

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,657 sqft

Price per Sqft $219

Subdivision Not In A Subdivision

MLS Listing ID 10146867

Sold Date 09/10/26

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1964

Annual Tax Amount $4,918

Lot Size 1.200 Acres

Acres 1.2

Lot Dimensions 130x370x136x361

Property Sub-Type Triplex

Source Doorify MLS

Land Area 3657

Property Description

Are you searching for a Cary multi-family investment property, a commercially zoned income property, or a redevelopment opportunity in Wake County? 1208 Walnut Street delivers location, flexibility, and strong growth potential. A rare income-producing triplex in Cary, NC, offering commercial zoning and exceptional redevelopment potential on a 1.2-acre lot. Located in the heart of Cary, this multi-family property presents a prime opportunity for investors, developers, and entrepreneurs seeking strong rental demand and long-term appreciation in one of the Triangle's fastest-growing markets.
The property's commercial zoning adds value and versatility, enabling potential mixed-use, office, or redevelopment opportunities (buyer to verify permitted uses). With 1.2 acres in a strategic Cary location, this property offers rare scalability and future upside.
Conveniently located near Research Triangle Park, with quick access to I-40 and US-1/64, the property provides easy commuting to Raleigh, Durham, Holly Springs, and Apex. It is also just minutes from Fenton, a premier destination for shopping, dining, and entertainment.
Also listed as commercial improved MLS# 10146800

Location

State NC

County Wake

Community Not In A Subdivision

Area 1.2

Zoning OIP

Interior

Cooling Central Air, Window Unit(s)

Flooring Carpet, Laminate, Tile, Wood

Fireplace No

Exterior

Parking Features Attached Carport

Roof Type Shingle

Garage No

Building

Story Two

Foundation Slab

Water Public

New Construction No

Schools

Elementary Schools Wake - Briarcliff Elementary

Middle Schools Wake - East Cary Middle

High Schools Wake - Cary High

Others

Tax ID 077313140706000 0041900

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Schools and Properties Nearby

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