1208 Walnut Street
Cary, NC 27511Are 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 residential income MLS#10146867
$950,000
bedrooms
full bathrooms
1.2 acres
3,657 square feet
$260 per square foot
- Exterior Features
- Interior Features
- Property Features
- Building Features Total Area Heated
- Construction Materials Brick
- Lot Size Acres 1.2
- Cooling Y/N Yes
- Heating Y/N Yes
- Tax Annual Amount 4918.97
- Year Built 1964
Additional Property Information
- TypeMulti Family
- Built1964
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaCary
- Elementary School
- Middle School
- High School
Listing courtesy of Better Homes & Gardens Real Es. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-02-16T23:40:43.000Z.