Wallace Homes under $300,000

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 spirit, Wallace offers a serene lifestyle that appeals to families, retirees, and everyone in between. With its picturesque landscapes and friendly neighborhoods, Wallace is an ideal place to call home.

One of the most attractive features of Wallace is its affordable housing market. Here, you can find a variety of homes priced under $300,000, making it an excellent choice for first-time homebuyers or those looking to downsize without compromising on comfort or quality. From cozy bungalows to spacious family homes, the real estate options in Wallace cater to diverse tastes and needs.

The town is not just about affordable living; it also boasts a rich tapestry of local amenities. Enjoy leisurely strolls through scenic parks, partake in community events, and savor delicious Southern cuisine at local eateries. Wallace is also conveniently located near major highways, providing easy access to nearby cities and attractions.

Families will appreciate the well-regarded schools and safe neighborhoods, while nature enthusiasts can explore the nearby waterways and parks, perfect for outdoor activities. With its unique blend of affordability, community spirit, and natural beauty, Wallace, NC, is a hidden gem waiting to be discovered. Come explore the possibilities and find your dream home in this delightful town!

Newest Wallace Homes under $300,000

$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 complete crawl-space encapsulation with dehumidification system, 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

$297,900

3 Beds ⋅ 2 Baths

As you enter the home, you are welcomed into a foyer that leads you into the main living area. The open-concept design seamlessly connects the kitchen, dining area, and living room, creating a spacious and inviting atmosphere. The kitchen is equipped with modern appliances, plenty of cabinet space, and a breakfast bar, making it a chef's dream. The adjacent dining area provides a perfect space for family meals and gatherings. The living room serves as the heart of the home, offering a comfortable space for relaxation and entertainment. The master suite is privately located at the back of the home and features a generous walk-in closet and an ensuite bathroom with a double vanity, garden tub, and separate shower. The additional rooms are perfect for a growing family and guests, or a designated space for hobbies. Convenience is key in the 1634 floor plan, with a laundry room located near the bedrooms for easy access and organization. The two-car garage provides ample space for parking and storage. Additionally, a covered lanai at the back of the home offers a perfect outdoor retreat to enjoy the fresh air and relax. With Adams Homes' commitment to quality craftsmanship, this home is designed to provide both comfort and functionality. Embrace the spaciousness and practicality of the 1634 floorplan and customize it to fit your personal style and preferences, creating a home that perfectly suits your lifestyle and brings joy to everyday living.

112 Calloway Dr, 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

$279,000

3 Beds ⋅ 1 Baths

Charming, Move-In Ready Home in the Heart of Wallace! Welcome to 206 W. Clement Street, where timeless charm meets modern peace of mind. This beautifully maintained 1,400-square-foot home offers the perfect combination of comfort, convenience, and valuable updates--all in a prime location just minutes from everything Wallace has to offer. Step inside to discover a warm and inviting living space that's ready for you to make it your own. Outside, you'll appreciate the impressive 24' x 32' fully insulated garage(10ft ceilings), providing endless possibilities for a workshop, hobby space, additional storage, or parking. Major improvements have already been completed, giving buyers confidence for years to come, including: New roof (2024) Central heating and air conditioning (2022) Encapsulated crawlspace with dehumidifier and sump pump (2023) 50-gallon water heater (2018) Added Gutters (2025) Concrete driveway Whether you're searching for your first home, looking to downsize, or seeking an investment property with exceptional value, this home checks all the boxes. With its desirable location, thoughtful updates, and spacious insulated garage, 206 W. Clement Street is truly a must-see. Schedule your private showing today and discover why this charming Wallace home won't stay on the market for long!

206 W Clement 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

$269,000

3 Beds ⋅ 3 Baths

Beautifully renovated this home at 614 Forest Lane is located in a quiet neighborhood close to shopping. This location provides buyers a perfect home to raise a family or simply to retire. Featuring 3 bedrooms, 2.5 baths, a great room with fireplace that opens to dining, with a well planned kitchen this home is sure to please. Primary bedroom has a private ensuite located on one end of the home with two bedrooms at the other end of the home that share a full bath. A half bath is located in the hallway midway the home. Private patio out back is perfect for grilling and entertaining!!! This home is a must see!!! Seller is also including a free whole house pressure washing before closing. Squeaky clean, yes, indeed!!!

614 Forest Ln, 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

$265,000

3 Beds ⋅ 2 Baths

**NEW CONSTRUCTION!** Welcome to this charming **3-bedroom, 2-bath cottage** featuring a spacious layout designed for modern living. Luxury vinyl plank flooring flows throughout the home, complemented by **granite countertops** and quality finishes. The thoughtfully designed kitchen offers ample cabinetry and a cozy **breakfast nook with a beautiful bay window** overlooking the backyard, creating the perfect spot to enjoy your morning coffee or casual meals. The private primary suite is a relaxing retreat with **vaulted ceilings**, a generous walk-in closet, and an elegant en-suite bath featuring **double vanities** and a **ceramic tile walk-in shower**. Step outside and relax on the **covered front porch**, ideal for enjoying quiet mornings or unwinding in the evening. Situated in the heart of Wallace, this newly constructed home offers added yard space and flexibility for outdoor living, gardening, or entertaining. With its functional floor plan, stylish finishes, and quality craftsmanship, this home is the perfect blend of comfort and convenience. Don't miss the opportunity to make this beautiful new construction your own!

109 W Westbrook St, Wallace

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