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Pending
  • $950,000

    1208 Walnut St, Cary, NC 27511

    5beds
    3,657sqft
    : 
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    Triplex, Multi Family
    Built in 1964
    -- sqft lot
    $887,800 Zestimate®
    $260/sqft
    $-- HOA

    What's special

    Rare income-producing triplex
    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
    142 days
    |
    55
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Brandi Taylor 919-606-4552,

    Better Homes & Gardens Real Es,

    Paul Gambella 919-614-5577,

    Better Homes & Gardens Real Es

    Source: Doorify MLS,MLS#: 10146867MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Electric
      Cooling
      • Central Air, Window Unit(s)
      Features
      • Flooring: Carpet, Laminate, Tile, Wood
      Interior area
      • Total structure area: 3,657
      • Total interior livable area: 3,657 sqft
      • Finished area above ground: 3,657
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached Carport
      • Carport spaces: 1
      Features
      • Levels: Two
      • Has view: Yes
      Lot
      • Size: 1.2 Acres
      • Dimensions: 130 x 370 x 136 x 361
      Details
      • Parcel number: 077313140706000 0041900
      • Zoning: OIP
      • Special conditions: Seller Not Owner of Record

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1964

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Not in a Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Cary

      Financial & listing details

      • Price per square foot: $260/sqft
      • Tax assessed value: $566,908
      • Annual tax amount: $4,918
      • Date on market: 2/16/2026

        Estimated market value

        $887,800

        $843,000 - $932,000

        $2,149/mo

        Price history

        DateEventPrice
        5/6/2026Pending sale$950,000$260/sqft
        Source: Doorify MLS #10146867 Report a problem
        2/16/2026Listed for sale$950,000$260/sqft
        Source: Doorify MLS #10146867 Report a problem
        8/23/2024Listing removed--
        Source: Doorify MLS #2533688 Report a problem
        5/7/2024Listing removed$950,000$260/sqft
        Source: Doorify MLS #2533688 Report a problem
        9/22/2023Listed for sale$950,000+115.9%$260/sqft
        Source: Doorify MLS #2533688 Report a problem
        2/9/2007Sold$440,000$120/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,919 +2.2%$566,908
        2024$4,814 +35%$566,908 +62%
        2023$3,565 +3.8%$349,836
        2022$3,434 +2%$349,836
        2021$3,366 -0.5%$349,836
        2020$3,383 +8.5%$349,836 +22.5%
        2019$3,117 $285,540
        2018$3,117 +10.7%$285,540
        2017$2,815 +1.5%$285,540
        2016$2,774 -10.6%$285,540 -7.6%
        2015$3,104 +6%$309,146
        2014$2,929 $309,146
        2013-- $309,146
        2012-- $309,146
        2011-- $309,146
        2010-- $309,146
        2009-- $309,146
        2008-- --

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 27511

        Getting around

        58 / 100
        Somewhat Walkable
        31 / 100
        Some Transit
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Briarcliff
        • Middle: Wake - East Cary
        • High: Wake - Cary

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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