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322 E Cavenaugh St, Wallace
$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

235 Oak 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

414 S Raleigh St, 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

112 Poplar 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

231 & 233 Hc Powers Rd, 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

307 W Westbrook St, Wallace
$205,000
3 Beds ⋅ 2 Baths
Welcome to Wallace, a little town full of southern charm. This single-level 3 bedroom, 2 bathroom ranch-style home offers space, charm, and tons of potential. Situated on a nicely landscaped half-acre lot, it features two outbuildings for extra storage, a screened-in back porch for relaxing, and a carport for convenient parking—making it a great fit for both homeowners and investors alike. Inside, you'll find a functional layout that includes a formal dining area and a separate den, offering flexibility and plenty of space for living. The home is full of possibilities and ready for your personal updates and vision. Mature landscaping adds curb appeal and a welcoming feel. With its generous square footage and lot size, this property is a great value in today's market.

307 W Westbrook St, Wallace

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