Are you searching for a Cary multi-family investment property, a commercially zoned income property, or a redevelopment opportunity in Wake County? 1208 Walnut Street delivers location, flexibility, and strong growth potential. A rare income-producing triplex in Cary, NC, offering commercial zoning and exceptional redevelopment potential on a 1.2-acre lot. Located in the heart of Cary, this multi-family property presents a prime opportunity for investors, developers, and entrepreneurs seeking strong rental demand and long-term appreciation in one of the Triangle's fastest-growing markets.
The property's commercial zoning adds value and versatility, enabling potential mixed-use, office, or redevelopment opportunities (buyer to verify permitted uses). With 1.2 acres in a strategic Cary location, this property offers rare scalability and future upside.
Conveniently located near Research Triangle Park, with quick access to I-40 and US-1/64, the property provides easy commuting to Raleigh, Durham, Holly Springs, and Apex. It is also just minutes from Fenton, a premier destination for shopping, dining, and entertainment.
Also listed as commercial improved MLS# 10146800
Listing Courtesy of: Better Homes & Gardens Real Es
919-606-4552
| Listing Id: | 10146867 |
|---|---|
| List Price: | $950,000 |
| Close Date: | 2026-09-10 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Closed |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 5 |
| Living Area: | 3,657 |
| Tax Annual Amount: | $4,919 |
| Lot Size Square Feet: | 52,272.0 |
| Lot Size Acres: | 1.2 |
| Waterfront?: | No |
| City: | Cary |
| Subdivision Name: | Not In A Subdivision |
| Postal Code: | 27511 |
| Year Built: | 1964 |
| Number Of Units Total: | 3 |
| Cooling: | Central Air, Window Unit(s) |
| Lot Size Units: | Acres |
| Heating?: | Yes |
| Bathrooms Total Integer: | 5 |
| Cooling?: | Yes |
| State Or Province: | NC |
| Special Listing Conditions: | Seller Not Owner of Record |
| Lot Size Area: | 1.2 |
| Parking Features: | Attached Carport |
| Zoning: | OIP |
| Heating: | Electric |
| Flooring: | Carpet, Laminate, Tile, Wood |
| Parcel Number: | 077313140706000 0041900 |
| Water Source: | Public |
| Bathrooms Total Decimal: | $5.00 |
| Roof: | Shingle |
| Building Area Total: | 3657.0 |
| Sewer: | Public Sewer |
| Levels: | Two |
| Lot Size Dimensions: | 130x370x136x361 |
| High School: | Wake - Cary High |
| Carport Spaces: | 1.0 |
| Elementary School: | Wake - Briarcliff Elementary |
| Middle Or Junior School: | Wake - East Cary Middle |
| Foundation Details: | Slab |
| Listing Contract Date: | 2026-02-16 |
| Number Of Buildings: | 1 |
| Structure Type: | Multi Family |
| Road Responsibility: | Public Maintained Road |
| Listing Terms: | Cash, Conventional |
| Building Features: | Total Area Heated |
| Possession: | Close Of Escrow |
| Tax Assessed Value: | $566,908 |
| Listing Agreement: | Exclusive Right To Sell |
| Above Grade Finished Area: | 3,657.0 |
| Carport?: | Yes |
| Owner Pays: | None |
| Original List Price: | $950,000 |
| Tax Year: | 2025 |
| Construction Materials: | Brick |
| Basement Yn: | No |
| Contract Information For Sale Or Lease2: | For Sale |
| Contract Information Property Leased Yn2: | No |
| Contract Information Original Mls2: | Triangle MLS Inc |
| Location Tax And Legal Lot Number2: | GREENWD |
| Location Tax And Legal City Limits Of2: | Cary |
| Location Tax And Legal City Limits Yn2: | Yes |
| Location Tax And Legal Restrictive Covenants Yn2: | Yes |
| General Property Information Sold Price List Price2: | 0.84 |
| Subscriber Confirmation Subscriber Created Text: | Yes |
| Subscriber Confirmation Subscriber Took Photos: | Yes |
| Unit One Baths Total: | 2 |
| Unit One Beds Total: | 2 |
| Unit One Levels: | One |
| Unit Two Baths Total2: | 2 |
| Unit Two Beds Total2: | 2 |
| Unit Three Baths Total3: | 1 |
| Unit Three Beds Total3: | 1 |
| Approval Status: | Yes |
| Status Change Information Buyer Financing: | Conventional |
| Contract Information Original Entry Timestamp: | 2026-02-16T17:38:27-06:00 |
| Special Circumstances: | No Special Circumstances |
| County Or Parish: | Wake |
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© 2026 Doorify MLS.
Doorify MLS data last updated on October 08, 2026 05:08 PM - ET.
Property Last Updated: October 08, 2026 05:08 PM - ET
