13,650 sqft$73/sqft
915 Raleigh Rd Pkwy W, Wilson, NC 27896
Est: $5,379/moGet pre-approved

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.
LISTING UPDATED: 08/05/2026 06:56 AM

  1. Listed by John Cates • Tranzon Key Auctions
  2. Listed by Linda Terry • Tranzon Key Auctions

Property Details for 915 Raleigh Rd Parkway West

Status
MLS #
10184331
Taxes
$3,860 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Commercial Sale / Multi Family
Year Built
1933
Lot Size
2.42 AC / 105,415 SF

Amenities

  • Barbecue Area
  • Ceiling Fan
  • Central Heating
  • Common Laundry
  • Freezer
  • Hot Water Heating
  • Laundry
  • Partial Basement

Location

Listing Courtesy of Tranzon Key Auctions
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Building Information for 915 Raleigh Rd Parkway West

Stories-Residences-Year Built1933Building Size-Lot Size2.42 AC / 105,415 SF

Payment Calculator

$5,379 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,057

Property Taxes

$322

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 915 Raleigh Rd Parkway West

Summary
Location and General Information
  • Directions: Take US 264 to Raleigh Road Parkway
  • Latitude: 35.733539
  • Longitude: -77.939107
Taxes and HOA Information
  • Tax Annual Amount: $3,860.23
  • City Limits Of: Wilson
  • City Limits YN: Yes
  • Lot Number: 25
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2026-12-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
Property
Lot Information
  • Building Area Total: 13650.0
  • 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
  • Photos Count: 32
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water_Sewer: 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
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Brick, Multi Family
Interior Features
  • Basement Description: Concrete, Daylight, Partially Finished, Unfinished
  • Flooring: Tile, Wood
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
  • Cooling?: Yes
  • Heating: Central, Hot Water, Radiant
  • Heating?: Yes
  • Appliances: Electric Range, Electric Water Heater, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Range, Free-Standing Refrigerator, Freezer, Gas Water Heater, Range, Refrigerator, Water Heater
  • Laundry Features: Common Area
  • Interior Features: Ceiling Fan(s), Chandelier, Crown Molding, Laminate Counters
  • Equipment Appliances: Electric Range, Electric Water Heater, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Range, Free-Standing Refrigerator, Freezer, Gas Water Heater, Range, Refrigerator, Water Heater
  • Interior: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Brick, Common Area
  • Equipment: Electric Range, Electric Water Heater, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Range, Free-Standing Refrigerator, Freezer, Gas Water Heater, Range, Refrigerator, Water Heater, Common Area
Agent
Sale and Listing
  • Property Type: Commercial Sale
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Other
  • TenantPays: Cable TV, Electricity, Telephone

Property History for 915 Raleigh Rd Parkway West

DateEvent & SourcePriceAppreciation
Aug 4, 2026

Listed (Active)

TRIANGLEMLS #10184331

$995,000
DateEvent & SourcePrice
08/04/2026

Listed (Active)

TRIANGLEMLS #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
Home Facts
Total Finished SqFt6,825 SqFtAbove Grade Finished SqFt6,825 SqFtStories2Lot Size105,415 SqFtStyleMulti-Family Res (5+ Units)Year Built1933Year Renovated1970CountyWILSONAPN3712-43-8630.000

Schools near 915 Raleigh Rd Parkway West

This home is within Wilson County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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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915 Raleigh Rd Parkway West is a multi-family home for sale in Wilson, NC 27896. This property was listed for sale on August 4, 2026 by Tranzon Key Auctions, it's currently listed at $995,000. This listing's school district is Wilson County School District. Nearby schools include Vinson-Bynum Elementary, Forest Hills Middle and James Hunt High. 915 Raleigh Rd Parkway West is a 0-bed, 0-bath, 13,650 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tranzon Key Auctions

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