1208 Walnut Street

Cary, NC 27511

$950,000
Price
5
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Discover an exceptional real estate opportunity in the heart of Cary, North Carolina - a versatile triplex with the added advantage of commercial zoning, all set on a 1.2-acre lot. This property offers an enticing blend of residential comfort and commercial potential, making it an attractive prospect for investors and entrepreneurs alike. This triplex in Cary, NC, presents a unique and promising investment opportunity. With two 2-bedroom, 2-bath units, a 1-bedroom, 1-bath unit, totaling 3657 sqft...Discover an exceptional real estate opportunity in the heart of Cary, North Carolina - a versatile triplex with the added advantage of commercial zoning, all set on a 1.2-acre lot. This property offers an enticing blend of residential comfort and commercial potential, making it an attractive prospect for investors and entrepreneurs alike. This triplex in Cary, NC, presents a unique and promising investment opportunity. With two 2-bedroom, 2-bath units, a 1-bedroom, 1-bath unit, totaling 3657 sqft and the advantage of commercial zoning on a 1.2-acre lot. This property offers both residential comfort and commercial potential. Don't miss the chance to make this triplex your next investment venture, combining the best of both worlds in one prime location. The proximity to the Research Triangle Park and major highways (I-40 and US-1/64) simplifies commuting to Raleigh, Durham, Chapel Hill, Holly Springs and Apex, making it an attractive choice for both investors, residents and business seeking convenience. 1 mile to US-1/64, 1/2 mile to proposed Epic Games HQ, 2 miles to Fenton
  1. Listed by Paul Gambella • Better Homes & Gardens Real Es

Property Details for 1208 Walnut Street

Subdivision
Not in a Subdivision

Location

Listing Courtesy of Better Homes & Gardens Real Es
Add your commute
LISTING UPDATED: 02/18/2024 07:04 AM

Property Details for 1208 Walnut Street

StatusActive
MLS #2533688
Days on Market219
Taxes$3,565 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1964
Lot Size1.20 AC / 52,272 SF
CountyWake County

Location

Listing Courtesy of Better Homes & Gardens Real Es
Add your commute

Building Information for 1208 Walnut Street

Stories1Residences3Year Built1964Building Size-Lot Size1.20 AC / 52,272 SF

Payment Calculator

$5,482 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1208 Walnut Street

Summary
Location and General Information
  • Zoning: CT
  • Directions: From Raleigh take I-40 W to Cary. Take exit 293 from I-40 W. Use the left lane to turn left onto Walnut St. Triplex will be on the left.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.768628
  • Longitude: -78.760631
Taxes and HOA Information
  • Tax Annual Amount: $3,565.00
  • City Limits Of: Cary
  • City Limits YN: Yes
  • Lot Number: GREENWD
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2024-09-27
  • Original Listing ID: 2533688
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
School Information
  • Elementary School: Wake - Briarcliff
  • Middle Or Junior School: Wake - East Cary
  • High School: Wake - Cary
Parking
  • Open Parking: No
  • Parking Features: Carport
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1.0
  • Lot Size Dimensions: 130 x 370 x 136 x 361
  • Total Other Area Sq Ft: 0
  • Parcel Number: 0773140706
  • Structure Type: Multi Family, Triplex
Property and Assessments
  • New Construction: No
  • Photos Count: 29
  • Below Grade Finished Area: 1.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Pool Private: No
  • New Construction Type: Brick, Multi Family, Triplex
Interior Features
  • Stories: 1
  • Basement Description: Apartment
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Cooling: Central Air, Window Unit(s)
  • Cooling?: Yes
  • Heating: Electric
  • Heating?: Yes
  • Interior: Carport, Brick
  • Equipment: Carport
Multi Family
Unit Information
  • Total Units: 3
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Month To Month
  • TenantPays: All Utilities
Units Information
Units Details
  • Number Of Units Month To Month: 3.0
Unit One
  • Unit One: Baths Total: 2.0
  • Unit One: Beds Total: 2.0
  • Unit One: Kitchen: true
  • Unit One: Living Room: true
  • Unit One: Unit Type Total Rent: 700.0
Unit Two
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 1.0
  • Unit Two: Kitchen: true
  • Unit Two: Living Room: true
  • Unit Two: Unit Type Total Rent: 400.0
Unit Three
  • Unit Three: Baths Total: 2.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Kitchen: true
  • Unit Three: Living Room: true
  • Unit Three: Unit Type Total Rent: 700.0

Property History for 1208 Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1208 Walnut Street

Taxable ValueLand$112,000Additions$237,836Total$349,836
Tax Record2023$3,565 ($297 / month)
Home Facts
Total Finished SqFt3,657 SqFtAbove Grade Finished SqFt3,657 SqFtStories1Lot Size52,272 SqFtStyleTriplexYear Built1964Year Renovated1984ZoningOIPCountyWAKEAPN0773.13-14-0706 0041900Fireplace TypeHas Fireplace

Schools near 1208 Walnut Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Briarcliff Elementary
PublicPK to 5

East Cary Middle School
Public6 to 8

Cary High
Public9 to 12

Connections Academy
Public6 to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1208 Walnut Street is a multi-family home for sale in Cary, NC 27511. This property was listed for sale on September 22, 2023 by Better Homes & Gardens Real Es, it's currently listed at $950,000. This listing's school district is Wake County School District. Nearby schools include Briarcliff Elementary, East Cary Middle School and Cary High. 1208 Walnut Street is a 5-bed, 5-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes & Gardens Real Es

Listings marked with an icon are provided in part courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listings are also provided in part by the IDX program of Longleaf Pine REALTORS and Alamance MLS. Copyright 2024 Triangle MLS, Inc. of North Carolina. Copyright 2024 Longleaf Pine REALTORS. Copyright 2024 Alamance MLS. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s). Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA competitive or home valuation of any property.