915 Raleigh Rd Parkway West

Pending
Pending
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Contract Signed
$995,000
13,650 sqft
915 Raleigh Rd Pkwy W, Wilson, NC 27896
Est: $5,463/moGet pre-approved
OtherProperty Type
2.42 acresLot Size
1933Year Built
$73/sq ftPrice per sq ft

Description

AUCTION - Selling at Public Auction-CASH- AS-IS. List price is BPO and not asking price. Rare opportunity to acquire Pine Forest Apartments, a well-maintained 13-unit multifamily investment property generating $132,060 in annual gross rental income with immediate cash flow and significant upside. Family owned and professionally managed for more than 70 years, this historic brick building features stable occupancy, long-term tenants, and zero delinquency. One vacant unit is ready for lease, providing...AUCTION - Selling at Public Auction-CASH- AS-IS. List price is BPO and not asking price. Rare opportunity to acquire Pine Forest Apartments, a well-maintained 13-unit multifamily investment property generating $132,060 in annual gross rental income with immediate cash flow and significant upside. Family owned and professionally managed for more than 70 years, this historic brick building features stable occupancy, long-term tenants, and zero delinquency. One vacant unit is ready for lease, providing immediate income growth potential. Investors will appreciate the opportunity to increase rents over time, add up to five additional units (subject to applicable approvals), or explore future condominium conversion. Originally constructed in the early 1930s, the building offers exceptional quality rarely found today, featuring approximately 13,650 square feet of solid masonry construction with 2-foot-thick brick walls, steel I-beam framing, concrete floor construction for outstanding sound attenuation, 9-foot ceilings, hardwood and marble flooring, and distinctive floor plans throughout. Property Features: 13-unit apartment building (7 two-bedroom units, 5 one-bedroom units, 1 studio) Approx. 13,650 square feet Dimensional shingle roof installed in 2021 Commercial Peerless boiler system Commercial natural gas hot water system Hardwired smoke/fire detection with battery backup Electrical wiring installed in conduit On-site coin-operated laundry with room for expansion Tenants pay electric and internet. Owner pays heat, water/sewer, trash service, and lawn maintenance. Ideally located near Barton College, schools, shopping, medical facilities, and major highways including I-95, US-264, and I-795. Wilson continues to experience strong economic growth driven by advanced manufacturing, life sciences, and more than $300 million in planned mixed-use development surrounding the city's new downtown sports and entertainment district. Whether you're seeking a stable income-producing investment, a value-add multifamily opportunity, or a long-term redevelopment play, Pine Forest Apartments offers an exceptional combination of historic character, dependable cash flow, and future appreciation potential. Property Information Package, rent roll, leases, survey, and additional due diligence materials are available upon request.
42 days on Market
  • Listed by: John Cates 919.622.8646 jcates@tranzon.com Brokerage DRE #C9540 • Tranzon Key Auctions
  • Listed by: Linda Terry 804.837.1705 lterry@tranzon.com Brokerage DRE #C9540 • Tranzon Key Auctions
Last updated: 09/17/2026 07:21 PM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10184331

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Property Information for 915 Raleigh Rd Parkway West

Property Details
  • Taxes: $3,860 / year
  • MLS Type: Commercial Sale / Multi Family
  • County: Wilson County
  • Subdivision: NOT IN SUBDIVISION
Building Information
  • Year Built: 1933
  • Lot Size: 2.42 AC / 105,415 SF
Summary
Location and General Information
  • Directions: Take US 264 to Raleigh Road Parkway
  • Subdivision Name: NOT IN SUBDIVISION
  • Latitude: 35.733539
  • Longitude: -77.939107
Taxes and HOA Information
  • Tax Annual Amount: $3,860.23
  • City Limits Of: Wilson
  • Has City Limits: Yes
  • Lot Number: 25
Contract Information
  • Has Comp Sale: No
  • Lease Expiration Date: 2026-12-31
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
Property
Lot Information
  • Building Area Source: Assessor
  • Building Area Total: 13650.0
  • Building Features: Cable TV, High Speed Internet, Coin Laundry
  • Lot Features: City Lot
  • Lot Size Dimensions: 250 x 452 x 257 x 382
  • Parcel Number: 3712438630000
  • Structure Type: Multi Family
  • List PriceAcre: 411157.02
  • Road Frontage Length: 250
Property and Assessments
  • New Construction: No
  • Business Type: Real Estate, Residential
Utilities
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Exterior Features: Barbecue, Outdoor Grill, Rain Gutters
  • Foundation Details: Brick/Mortar
  • Roof: Shingle
  • New Construction Type: Multi Family, Brick
Interior Features
  • Basement Description: Concrete, Daylight, Partially Finished, Unfinished
  • Flooring: Tile, Wood
  • Cooling: Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Central, Hot Water, Radiant
  • Has Heating: Yes
  • Appliances: Electric Range, Electric Water Heater, Free-Standing Freezer, Free-Standing Electric Range, Free-Standing Refrigerator, Free-Standing Range, Freezer, Gas Water Heater, Range, Refrigerator, Water Heater
  • Laundry Features: Common Area
  • Interior Features: Ceiling Fan(s), Chandelier, Crown Molding, Laminate Counters
Multi Family
Multi Family Information
  • Number Of Units Leased: 12
Rental
Rental Information
  • Lease Term: Other
  • TenantPays: Cable TV, Electricity, Telephone

Property History for 915 Raleigh Rd Parkway West

DateEvent & SourcePriceAppreciation
Sep 17, 2026

Pending

Doorify MLS (fka Triangle MLS) #10184331

—
Aug 17, 2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10184331

$995,000—
DateEvent & SourcePrice
09/17/2026

Pending

Doorify MLS (fka Triangle MLS) #10184331

—
08/17/2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10184331

$995,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 915 Raleigh Rd Parkway West

Taxable ValueLand$60,000Additions$284,663Total$344,663
Tax Record2025$3,860 ($322 / month)
Home Facts
Total Finished SqFt6,825 SqFtAbove Grade Finished SqFt6,825 SqFtStories2Lot Size105,415 SqFtStyleMulti-Family Res (5+ Units)Year Built1933Year Renovated1970ZoningSR4CountyWILSONAPN3712-43-8630.000

Schools near 915 Raleigh Rd Parkway West

This home is within Wilson County School District.
Rating
School
Type
Grades
Distance
Vinson-Bynum Elementary
Public - K to 5
Forest Hills Middle
Public - 6 to 8
James Hunt High
Public - 9 to 12
Wilson Academy of Virtual Education
Public - 6 to 12
Rating
School
Distance
Vinson-Bynum Elementary
PublicK to 5

Forest Hills Middle
Public6 to 8

James Hunt High
Public9 to 12

Wilson Academy of Virtual Education
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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