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Sold on 09/25/2023

613-615 Wait Ave, Wake Forest, NC 27587

  • $602,000

    Last sold 09/25/2023 for $450K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 613-615 Wait Ave

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
This duplex at 613/615 Wait Ave, is located in close proximity to downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary. Built in 1985, the two-story design features two identical townhome-style floorplans. Each unit has two-bedrooms, two-and-a-half-bathrooms, and its own garage. Both units at the property are currently occupied and are on month-to-month leases. Current rents are well below market but could be increased significantly with light value-add improvements as the units have been well-maintained. Current ownership has made recent improvements to the property that include the following: new roof (2019), new water heaters (2019), new windows (2019), and new rear decks (2021). The property has polybutylene plumbing. This offering presents an opportunity for an investor to acquire a well maintained duplex with significant income upside in a highly-sought after location.
Listed by
Listing Agent - Daniel Pogue
Listing Office - Deaton Investment Real Estate
Source: Triangle MLS mls logo
MLS#2527762 • last updated 9 months ago
Movoto checked Triangle MLS for data 7 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air, Natural Gas
MLS # 2527762
Type Residential Income
Status Closed
SubType Duplex
Living Area 0, Square Feet
Property Tax 2632
Year Built 1985
Interior
Basement Crawl Space
Flooring Carpet, Tile
Exterior
Construction Vinyl Siding
Parking Desc Off Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Triangle_Unit_Sp_Two_Co_Above_Sp_Grade_Sp_Finished_Sp_Area4 1260
Location
County Wake
Subdivision Not In A Subdivision
Elementary School Wake County Schools
Middle School Wake County Schools
High School Wake County Schools
Directions Heading North On Franklin St, Turn Right Onto Wait Ave And Property Will Be On The Left.
  • Sep 2023
    mls logo MLS # 2527762
  • Sep 25, 2023 Sold
    $450,000 (+5.9%)
  • Sep 1, 2023 Pending
    —
  • Aug 18, 2023 Listed
    $425,000
  • Aug 18, 2023 Listed
    $425,000 (+136.2%)
  • Feb 2004
    MLS # 727295
  • Feb 6, 2004 Listed
    $179,900

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Nearby homes for sale in Wake Forest, NC

  • Real Estate
  • NC
  • Wake County
  • Wake Forest
  • 27587
  • 613-615 Wait Ave
$602K
Range: $535K-$668K
Last 30 days 
Rental est.: $1,154/month
Gross rent multiplier: 30.7

Nearby recently sold homes in Wake Forest, NC

  • 613-615 Wait Ave
    $450K
  • Not In A Subdivision
    $474K
  • 27587
    $519K +3% y/y
  • Wake Forest
    $519K +3% y/y
No chart available
Statistics calculated by Movoto
7/10
Heritage Elementary
public Grades PK, K-5
Wake County School District
9/10
Heritage Middle
public Grades 6-8
Wake County School District
8/10
Wake Forest High School
public Grades 9-12
Wake County School District
Source: GreatSchools.org © 2026. All rights reserved.
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Around Not In A Subdivision

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