New

$995,000

For Sale

2 days ago

915 Raleigh Road Parkway W, Wilson, NC

Name: 915 Raleigh Road Parkway W, For Sale in Wilson - eXp Realty
Brand: Tranzon Key Auctions
SKU: 10184331
Price: 995000 USD

House

MLS® 10184331

0 Bed

0 Bath

13650 sqft

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size 13650 sqft

Garage

Taxes $3,860

Days Active 1

Lot Size 2.42 Acres

Approx. Age 1933

Avg. Price Per Sqft $72

MLS® Number 10184331

Property Address: 915 Raleigh Road Parkway W, Wilson, NC, 27896

Average square foot calculated using Size range provided by listing agent.

Description

AUCTION - Selling at Public Auction-CASH- AS-IS. List price is BPO and not asking price. Rare opportunity to acquire Pine Forest Apartments, a well-maintained 13-unit multifamily investment property generating $132, 060 in annual gross rental income with immediate cash flow and significant upside. Family owned and professionally managed for more than 70 years, this historic brick building features stable occupancy, long-term tenants, and zero delinquency. One vacant unit is ready for lease, providing immediate income growth potential. Investors will appreciate the opportunity to increase rents over time, add up to five additional units (subject to applicable approvals), or explore future condominium conversion. Originally constructed in the early 1930s, the building offers exceptional quality rarely found today, featuring approximately 13, 650 square feet of solid masonry construction with 2-foot-thick brick walls, steel I-beam framing, concrete floor construction for outstanding sound attenuation, 9-foot ceilings, hardwood and marble flooring, and distinctive floor plans throughout. Property Features: 13-unit apartment building (7 two-bedroom units, 5 one-bedroom units, 1 studio) Approx. 13, 650 square feet Dimensional shingle roof installed in 2021 Commercial Peerless boiler system Commercial natural gas hot water system Hardwired smoke/fire detection with battery backup Electrical wiring installed in conduit On-site coin-operated laundry with room for expansion Tenants pay electric and internet. Owner pays heat, water/sewer, trash service, and lawn maintenance. Ideally located near Barton College, schools, shopping, medical facilities, and major highways including I-95, US-264, and I-795. Wilson continues to experience strong economic growth driven by advanced manufacturing, life sciences, and more than $300 million in planned mixed-use development surrounding the city's new downtown sports and entertainment district. Whether you're seeking a stable income-producing investment, a value-add multifamily opportunity, or a long-term redevelopment play, Pine Forest Apartments offers an exceptional combination of historic character, dependable cash flow, and future appreciation potential. Property Information Package, rent roll, leases, survey, and additional due diligence materials are available upon request.

MLS® Number10184331

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1933

BasementConcrete, Daylight, Partially Finished, Unfinished

Driveway

Garage Spaces

HeatCentral, Hot Water, Radiant

A/CCeiling Fan(s), Window Unit(s), Wall/Window Unit(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 4, 2026List Date

$995,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker