(864) 362-2375
$210,000

Wallace, NC 28466

2Beds
2Baths
1,100SQFT
1Acres
2024YearYear Built

About This Home

Exceptional Investment Opportunity - Two Income-Producing Homes on 1 Acre! Don't miss this rare opportunity to own two charming homes on approximately one acre, offering immediate rental income and long-term investment potential. The primary home features 640 square feet with 1 bedroom, 1 bathroom, and a welcoming 30-square-foot front patio. The second home is a 520-square-foot efficiency-style cottage with an open-concept layout and its own 25-square-foot front patio, making it an attractive option for tenants seeking comfortable, low-maintenance living. Both homes were built in 2024 and are currently tenant-occupied. One is leased through March 2027 providing a steady income stream from day one. The other is leased until September 2026. This makes the property an excellent opportunity for investors looking for an established rental property with reliable occupancy already in place. Situated on approximately one acre, the property offers ample outdoor space and potential for future possibilities, subject to local zoning and regulations. Wallace NC is a small town on I-40 that is convenient to Raleigh, NC and Wilmington, NC. Whether you're expanding your investment portfolio or seeking a unique property with built-in rental income, this versatile offering is one you won't want to miss. Schedule your private showing today!

Location

Key Facts

Status: Active
Type: Residential Income
Neighborhood: Not In Subdivision
Annual Taxes: $1,303
HOA Fees: $0
MLS: Hive
MLS #: 100591586

Features

Duplex
Electric Water Heater

Mortgage Calculator

$1,062Estimated monthly payment

Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.

History

Current list price: $210,000
Status: Active — For Sale
Days on market: 70
Last updated: Aug 19, 2026

Schools

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Listing courtesy of J Blackman Real Estate
Source MLS #: 100591586
Last updated: Aug 19, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.