611 SE Railroad Street, Wallace, NC 28466 (MLS# 100593791)

611 SE Railroad Street, Wallace, NC 28466

$1,400,000
Property Type: Comm Sale or Lease Lot Size (sq. ft.): 37,462 Status: Active
Current Price: $1,400,000 List Date: 8/04/2026 Last Modified: 8/04/2026

Overview

Description

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.

Listing Details MLS# 100593791

Contract Info

Available Date
2026-08-04
Delayed Marketing?
No
Marketing Start Date
2026-08-02
Sub-Type
Multi Family
Garage
Masterlock
Sale/Lease
Sale
Listing Price
1400000
Stipulation of Sale
Standard

Location Information

Street #
611
Pre Direction
SE
Street Name
Railroad
Street Suffix
Street
County
Duplin
State/Province
NC
Zip Code
28466
City Limits
Yes
Marketing City
Wallace
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
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 Brian Center rehab /nursing facility.
Sign on Property
No

Building Info

New Construction
No

Legal and Taxes

Tax Assessed Value
163474
Deed Book
1043
Deed Page
582
Legal
.86+/- ac
Broker Owner
No
PID
09-1330
Tax Identifier
09-1330
Tax Year
2025
Year Built
1993
Zoning
r-8
HOA
No
Cobra Zone
No

Current Service Providers

Trash Provider
Town of Wallace

More Information

Unit 1 Details

Unit #
A
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes

Unit 2 Details

Unit #
B
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
1025

Unit 3 Details

Unit #
C
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
870

Unit 4 Details

Unit #
D
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
880

Unit 5 Details

Unit #
E
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
890

Unit 6 Details

Unit #
F
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
1025

Unit 7 Details

Unit #
G
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
1025

Unit 8 Details

Unit #
H
# Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Rent
890

Property Features

Basement: None Construction: Wood Frame Exterior Finish: Vinyl Siding Structure Type: Multi Family Flooring: Carpet; Vinyl Fuel Tank: None Parking Features: Asphalt; Off Street Roof: Shingle Current Use: Multi-Family Possible Use: See Remarks Cooling: Central Air Heating: Forced Air Heating System Fuel Source: Electric Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional Unit 1 Inclusions: Dryer Hookup; Range; Washer Hookup Unit 2 Inclusions: Dryer Hookup; Washer Hookup Unit 3 Inclusions: Dryer Hookup; Range; Washer Hookup Unit 4 Inclusions: Dryer Hookup; Range; Washer Hookup Unit 5 Inclusions: Dryer Hookup; Range; Washer Hookup Unit 6 Inclusions: Dryer Hookup; Range; Washer Hookup Unit 7 Inclusions: Dryer Hookup; Range; Washer Hookup Unit 8 Inclusions: Dryer Hookup; Range; Washer Hookup
IDX
Listing Office: Johnson Realty
Last Updated: August - 04 - 2026
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