Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 5-bedroom, 5-bathroom residential multi family at 1208 Walnut Street in Cary, NC is listed for $950,000 ($260 per sqft). Built in 1964, the home offers 3,657 sqft of living space on a 1.20 acres lot.

Agent Description

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

Key Features

  • Built in 1964
  • 1.20 acre lot
  • 2 stories

Property Details

2 stories
5 full
1964

Amenities

A/C

Monthly Cost Estimate

$5,081/mo

20% down · 6.5% · 30 years

Principal$687
Interest$4,117
Insurance$277

Estimates only. Actual payments may vary.

Location

1208 Walnut Street

Cary, NC 27511

Not in a Subdivision

Property Details

Flooring

WoodTileCarpetLaminate

Construction

Brick

Parking

Carport

Heating

Electric (Heating)

Cooling

Window Unit(s)Central Air

Questions & Answers

This 5-bedroom, 5-bathroom residential multi family at 1208 Walnut Street is listed at $950,000 ($260/sqft). The estimated monthly payment is $4,117 based on 20% down at 6.5% interest.

Key features include: Built in 1964, 1.20 acre lot, 2 stories.

This property is listed by Brandi Taylor and can be reached at 9196064552 or btaylor@paraclerealty.com.

Similar Homes in Cary

View all
BT

Brandi Taylor

Agent at Better Homes & Gardens Real Es

(919) 606-4552

Listed by Better Homes & Gardens Real Es · View on Broker Site

MLS# 10146867· Source: listhub· Updated 53 days ago

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1208 Walnut Street, Cary, NC 27511

Open this listing in: