5333 Wayne St - Apartments FOR SALE


Raleigh, NC 27606- Lake Johnson
$699,999 USD
919-906-6317
5333 Wayne St, Raleigh, NC for Sale
$699,999 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

5333 Wayne St
Raleigh, NC 27606
Lake Johnson


HIGHLIGHTS

  • Less than 1-Mile to I440, 12-minutes to NC State, 17-minutes to RDU, 7-miles from Downtown Raleigh
  • Located right on Lake Johnson with access to trails, watersports, outdoor pool

OVERVIEW

Investors, this one checks every box: location, income, and upside. Tucked right next to Lake Johnson Park, this quadplex puts tenants steps from 1.5 miles of unpaved trails, 2.8 miles of paved greenway, a nature preserve, and an outdoor swimming pool —the kind of lifestyle amenities that keep units filled and renters happy long-term. The Raleigh Greenway system connects directly from the property, and commuters will love the easy access to I-40, NC State, RDU International Airport, and Research Triangle Park. Each of the four units offers 2 bedrooms and 2 bathrooms, plus its own private deck — a layout that appeals to a wide range of renters, from students and young professionals to roommates and downsizers. All four units are currently on month-to-month leases, giving the new owner maximum flexibility to renovate one unit at a time while continuing to collect rental income throughout the process. This property is priced with that upside in mind — a rare chance to force appreciation through strategic upgrades in a location that's already in high demand. Whether you're looking to add a turnkey cash-flow property to your portfolio or want room to execute a value-add strategy at your own pace, this quadplex offers the location, layout, flexibility, and upside investors look for. Highlights: 4 units, each 2 bed / 2 bath with a private deck Steps from Lake Johnson Park & Raleigh Greenway system 1.5 mi unpaved trails + 2.8 mi paved trails right outside your door. Access to nature preserve and outdoor pool Minutes to I-40, NC State, RDU, and RTP All 4 units on month-to-month leases — renovate unit by unit without losing income. Priced to allow for capital improvements.

FOR SALE DETAILS

PRICE

$699,999 USD

PRICE/SF

$176 USD /SF

# OF UNITS

4

PRICE/UNIT

$175,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Johnson Quadplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

R-10

APN/PARCEL ID

0783.17-11-9846-000

ASK ABOUT THIS PROPERTY

Aaron MoonCarolina Moon RealtyMore Info
919-906-6317

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Aaron MoonCarolina Moon RealtyMore Info
919-906-6317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.