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Sold for $802,500
  • $802,500

    1208 Walnut St, Cary, NC 27511

    5beds
    3,657sqft
    Triplex
    Built in 1964
    -- sqft lot
    $799,200 Zestimate®
    $219/sqft
    $2,127 Estimated rent

    Home value

    $799,200

    $759,000 - $839,000

    $2,127/mo

    Zestimate® history
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    $2,127/mo

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    Rent Zestimate®

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    $5,121/mo

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    $5,121/mo

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    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

    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

    Bought with:

    Non Member

    Non Member Office

    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
    • Stories: 2
    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
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Cary

    Financial & listing details

    • Price per square foot: $219/sqft
    • Tax assessed value: $566,908
    • Annual tax amount: $4,918
    • Date on market: 2/16/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/10/2026Sold$802,500-15.5%$219/sqft
    Source: Doorify MLS #10146867 Report a problem
    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

    Neighborhood: 27511

    Nearby schools

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

    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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    Estimated market value
    $799,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $799,200