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 commercial improved MLS# 10146800
$950,000
5 bedrooms
5 full bathrooms
1.2 acres
3,657 square feet
$260 per square foot
- Exterior Features
- Interior Features
- Property Features
- Building Features Total Area Heated
- Carport Y/N Yes
- Construction Materials Brick
- Lot Size Acres 1.2
- Parking Features Attached Carport
- Structure Type Multi Family
- Above Grade Finished Area 3,657
- Cooling Central Air, Window Unit(s)
- Cooling Y/N Yes
- Flooring Carpet, Laminate, Tile, Wood
- Heating Electric
- Heating Y/N Yes
- Tax Annual Amount 4918.97
- Water Source Public
- Year Built 1964
Additional Property Information
- TypeTriplex
- Built1964
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaCary
- Elementary SchoolWake - Briarcliff
- Middle SchoolWake - East Cary
- High SchoolWake - Cary
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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