Wallace Homes under $250,000

Welcome to Wallace, North Carolina – a charming town nestled in the heart of Duplin County, where Southern hospitality meets small-town charm. Known for its rich history and vibrant community, Wallace is a hidden gem that offers a peaceful lifestyle while still being conveniently located near larger cities. With a population that embraces its heritage, Wallace is a place where neighbors become friends, and community spirit thrives.

One of the standout features of Wallace is its affordability in the housing market. For those looking to settle in this picturesque town, there are numerous homes available for under $250,000. Whether you're a first-time homebuyer, a growing family, or someone seeking a cozy retirement retreat, Wallace has something to offer everyone. From charming bungalows to spacious family homes, the options are diverse, ensuring you find the perfect fit for your lifestyle and budget.

The town boasts a variety of amenities, including local shops, restaurants, and parks, making it easy to enjoy the simple pleasures of life. Outdoor enthusiasts will appreciate the nearby recreational opportunities, including hiking trails and fishing spots, all set against the stunning backdrop of North Carolina's natural beauty.

With its affordable housing options and welcoming community, Wallace is not just a place to live; it’s a place to call home. Come discover the warmth and charm of Wallace, where your dream home awaits at an unbeatable price!

Newest Wallace Homes under $250,000

$149,900

3 Beds ⋅ 2 Baths

Online auction starts 10/11/2026 at Auction.com. This 3-bedroom fixer-upper, believed to have been constructed in 1950 according to tax card records, is situated on a corner lot in Wallace and offers plenty of original charm and character. Many of the home's vintage features remain, including original tile in the bathrooms and what appears to be the original kitchen cabinetry. The kitchen also features Formica countertops and an abundance of cabinet storage. The home offers generously sized rooms throughout. The HVAC system is believed to need repairs or replacement. With its classic features, spacious layout, and potential for renovation, this property could be an excellent opportunity for a handy buyer or investor looking for a renovation project or possible flip. The property is served by the Town of Wallace for water, sewer, and trash collection. The home is currently occupied and is not available for showings. Submit offers online - Auction starts 10/11/2026. Do not submit offers to list agent. Online auctions typically last a few days .The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval. All non-cash buyers must be prequalified through the seller's approved lender, although buyers may use their lender of choice for closing. See agent remarks for lender contact info. All MLS information is based upon tax records. Home in formation such as room count, home sq. footage, structural data and amenities can not be verified as home is occupied and list agent does not have access to property until home is vacant .

322 E Cavenaugh St, Wallace

$239,999

3 Beds ⋅ 2 Baths

Welcome to 235 Oak Street, where classic brick-ranch charm meets comfortable one-level living and meaningful recent improvements. Set beneath mature trees on a .24-acre lot, this home offers inviting indoor and outdoor spaces just minutes from the heart of downtown Wallace. Step inside to find hardwood floors throughout much of the home, abundant natural light and a floor plan with plenty of room to spread out. A spacious front living room features a large bank of windows, while an additional living and dining area creates a natural gathering space alongside the kitchen. The kitchen offers plenty of cabinet and counter space, recessed lighting and a large peninsula with room for seating. French doors provide an easy connection to the backyard, making the space equally suited for everyday living and entertaining. An updated bathroom with a tiled walk-in shower and glass enclosure adds another nice touch. A new HVAC system installed in 2025 and a water softener add to the home's valuable features. Beyond the finishes, the seller invested in several of the home's important systems for added peace of mind. Recent work includes extensive ductwork, and crawl-space improvements, giving the next owner the benefit of meaningful work already completed behind the scenes. Outside, the fenced backyard is shaded by mature trees and offers plenty of possibilities for gardening, play, pets or creating your own outdoor retreat. A large storage shed provides additional space for tools, lawn equipment and more, while the attached covered carport offers sheltered parking or the flexibility to create a casual covered outdoor gathering space. Enjoy the character of an established home, the convenience of single-level living and thoughtful updates where they matter. Located just minutes from downtown Wallace, approximately 35 minutes to Hampstead and 45 minutes to Wilmington, 235 Oak Street offers small-town living with convenient access to the coast and surrounding communities.

235 Oak St, Wallace

$94,700

1 Beds ⋅ 1 Baths

Looking for a smaller home in a convenient location? This charming 1-bedroom, 1-bath home offers easy living just 2 blocks off Hwy 117 and within walking distance of downtown Wallace, shopping, grocery stores, banks, and the post office. Vinyl exterior, front porch, storage building, and an extra room that could be a flex space for many uses. Home has propane gas for heater mounted on wall in den as a heat source. But, no HVAC unit is in place. Town water and sewer. Bring cash and make it yours today!

115 E Murphy St, Wallace

$179,900

3 Beds ⋅ 1 Baths

Welcome to this recently updated home situated on a spacious 2.79-acre lot, offering plenty of room to enjoy today and exciting potential for the future! This 3-bedroom, 1-bath home features recently updated flooring and fresh paint throughout. Enjoy the enclosed sunroom, perfect for entertaining, relaxing, or taking in peaceful country evenings. Conveniently located near Interstate 40, this property offers an easy commute to Wilmington, Jacksonville, and Raleigh while still providing the space and tranquility of country living. Move-in ready and full of potential, this home is ready for its next owner. Schedule your private tour today!

3537 S Nc 11th Hwy, Wallace

$249,700

3 Beds ⋅ 2 Baths

Welcome home to this beautifully restored 3-bedroom, 2-bath cottage nestled on a charming street in Wallace. Full of character and thoughtfully designed for comfortable living, this home offers a warm and inviting layout with no wasted space. The open living and dining area creates an easy flow for everyday living and entertaining, while the spacious kitchen features granite countertops and plenty of room to cook and gather and a laundry room off of the kitchen. A cozy sunroom provides the perfect spot for morning coffee, reading, or simply enjoying the natural light. Each bedroom offers generously sized closets, rarely found in a home of this age. Outside, you'll find a huge back deck overlooking the spacious yard--ideal for entertaining, relaxing, or enjoying the outdoors. An additional water and power hookup in the yard adds even more flexibility for future projects or recreational use. With its charming location, thoughtful floor plan, abundant storage, and inviting outdoor spaces, this restored cottage is a special find and ready to welcome its next owner.

414 S Raleigh St, Wallace

$199,000

4 Beds ⋅ 3 Baths

This well-maintained home offers a solid foundation and a great opportunity for buyers looking to add their own personal touches. With a few updates, this home can be refreshed to suit your style and preferences. A great option for a homeowner or investor looking for a property with potential and room to make it their own.

604 N Duplin St, Wallace

$159,000

3 Beds ⋅ 1 Baths

Welcome to 112 Poplar Street in Wallace -- a charming 3-bedroom, 1-bath home offering comfort, convenience, and value. Situated on a large lot with off-street parking, this property features a spacious back deck perfect for relaxing or entertaining. The home also offers low-maintenance exterior features including a metal roof and vinyl siding. Deep lot and Zoned R-6 which allows for an accessory dwelling unit, up to 450 SF (heated). Inside, you'll find an all-new kitchen highlighted by beautiful custom wooden countertops, along with central heat and air for year-round comfort. Conveniently located in town, this home is close to shopping, dining, schools, and everything Wallace has to offer. Best of all, there are no HOA dues. Whether you're looking for a primary residence, investment property, or a move-in ready home in a great location, 112 Poplar Street is a must-see. Note: some pictures have been edited/ enhanced by AI.

112 Poplar St, Wallace

$210,000

2 Beds ⋅ 2 Baths

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!

231 & 233 Hc Powers Rd, Wallace

$219,900

2 Beds ⋅ 1 Baths

Discover your dream mini-farm and homestead retreat in the heart of rural Duplin County! Nestled on over 2.19 acres, this brand-new country cottage offers the perfect blend of modern comfort and country living for horse lovers, hobby farmers, and anyone seeking space to spread out and enjoy a simpler lifestyle. Inside, you'll find a thoughtfully designed 2-bedroom, 1-bath home featuring soaring Cypress-lined ceilings, beautiful quartz countertops, soft-close maple cabinetry, and brand-new appliances, including a refrigerator, washer, and dryer. The open living space creates a warm farmhouse feel while providing all the conveniences of new construction. Step outside and take in the expansive views from the oversized rear deck with both covered and uncovered areas, making it the perfect spot to enjoy morning coffee while watching your horses graze, planning your next garden, or relaxing after a day spent working your land. The cleared acreage provides plenty of room for a barn, garden, chickens, goats, horses, livestock, equipment, and all the recreational toys that make country living so rewarding. For equestrian buyers, the seller is highly motivated and will consider providing up to 400 feet of three-board pasture fencing constructed with pressure-treated 2x6 rails and 4x4 posts, offering an excellent start toward creating your horse-ready property. This added value makes the property even more attractive for those looking to establish a small equestrian farm or homestead. Located on a quiet country road yet conveniently accessible to Wilmington, Raleigh, and surrounding areas, this property offers the peaceful rural lifestyle you've been dreaming of without sacrificing convenience. Whether you're looking to start a homestead, create a horse property, establish a hobby farm, or simply enjoy wide-open spaces and country charm, 579 Stokestown Road is ready to bring your vision to life. Don't miss this rare opportunity to own an affordable piece of Eastern North Carolina where the possibilities are as wide as the open skies! Seller will consider Seller Financing or a lease to own situation with negotiable terms. Reach out for details.

579 Stokestown Rd, Wallace

$215,000

3 Beds ⋅ 2 Baths

Welcome to 616 S. Orange Street! This charming, turn-key home is fresh on the market and ready for its new owners. Step inside to find an inviting, open layout highlighted by stunning newer LVP floors that boast an immaculate, brilliant shine throughout the main living areas. The bright and airy kitchen is a true standout, featuring crisp white cabinetry perfectly complemented by a classic tile backsplash. Situated on a great lot in an established Wallace neighborhood, this home offers the perfect blend of clean, modern updates and everyday convenience. Schedule your private tour today!

616 S Orange St, Wallace

$140,000

3 Beds ⋅ 2 Baths

Opportunity awaits with this 3-bedroom, 2-bath home located just outside the Wallace town limits with no town taxes. Featuring 1 attached garage, a screened porch, and abundant natural lighting, the home offers comfortable living spaces and a peaceful setting perfect for relaxing. The interior reflects deferred maintenance and an outdated design, providing a great chance to update and make it your own. Conveniently located near Downtown Wallace shops, River Landing Golf Course, Wallace Rose Hill schools, Clement Park, and local dining and everyday amenities.

165 Shaw Rd, Wallace

$60,000

2 Beds ⋅ 1 Baths

Fixxer upper opportunity: 2 bedroom 1 bath home available in need of TLC. Make it your own- home includes a metal roof and could be a good investment opportunity. Home needs hvac and utilities are not connected.

410 Devane St, Wallace

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