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611 SE Railroad Street Wallace, NC $ 1,400,000
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$ 1,400,000 Get more info
611 SE Railroad Street
$ 1,400,000
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611 SE Railroad Street

Wallace, NC, 28466
$ 1,400,000
Bedrooms-- Baths--

Monthly Estimate*

$ 8,840

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Commercial Property for sale in Wallace, NC

for $1,400,000. This building was built in 1993 on a lot size of 0.86.

Build your investment portfolio with these eight duplexes now available in Wallace. Built in 1993 with four buildings each have two rental units. Each unit /floor plan includes 2 bedrooms with 1.5 baths. Downstairs tenants enjoy a living area, half bath kitchen and dining space. Upstairs there are 2 bedrooms and a full bath. Washer /dryer hookups in place. Written leases are in place with some tenants having resided here for years. At time of listing only one unit was vacant. Duplexes have been well maintained by the owners and vinyl siding provides low maintenance. There is plenty of off paved off street parking. Units have town water, sewer and trash pick up via Town of Wallace. Present owners do pay those monthly water/sewer/trash service fees. Location is convenient to downtown shopping and Clement Street Park is conveniently located behind the property - enjoy a playground ,walking track, and tennis courts. Easy access to I 40 in less than 10 minutes.

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Commercial Active

Price

$ 1,400,000

Property Type

Commercial

Taxes

$ 0

Style

Multi Family

Lot Size

0.86

Year Built

1993

Town/City

Wallace

County/Region

Duplin

MLS | Web ID

100593791
Features
General
Heating Electric Forced Air
Cooling Central Air
Possession Close Of Escrow Subject To Tenant Rights At Closing
Roof Shingle
Zoning r-8
Construction Materials Vinyl Siding Wood Frame
Year Built 1993
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family
Parcel Number 09-1330
County Duplin
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Garage Y/N N
Status Active
Directions Take Hwy 117 N in Wallace and turn left onto Cliff St. Go to Railroad tracks and turn left before you cross tracks staying on SE Railroad St. Duplexes will be on your left just before you reach The
City Wallace
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 37462.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2026-08-04
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 163474
Legal Description .86+/- ac
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Interior
Basement None
Flooring Carpet Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Total Baths 0
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Exterior
Exterior Finish Vinyl Siding
Parking Features Asphalt Off Street
Water Source Public
Lot Size Area 0.86
Spa N
Building Area Total 0.0
Lot Dimensions see deed
Lot Size Acres 0.86
Waterfront Y/N N
Road Frontage Type City Street State Road
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 611
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* Excluded Features
List By
Valerie R Johnson

Listing Agent

Johnson Realty

Broker

valerie@johnsonrealtync.com

Email

Affordability Calculator

$8,840
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,840
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/4/2026$1,400,000 Listed Price

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611 SE Railroad Street, Wallace, NC, 28466 is a Commercial Property for sale at $1,400,000 with a lot size of 0.86. 611 SE Railroad Street was built in 1993. The property's zip code is 28466 which is in Wallace, NC

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