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5061 Lundy Dr - Wrenwood 2 Unit Apartment Building Offered at $1,428,101 CAD Raleigh, NC 27606
Executive Summary
New construction investment opportunity in Raleigh’s Wrenwood community offering one building comprised of two side-by-side townhome units. Each unit features approximately 2,400 SF across three levels with 3 bedrooms, 3.5 baths, open-concept living, and modern finishes. One unit is currently leased at $3,195/month, providing immediate income, while the second unit is vacant—ideal for an owner-occupant, lease-up strategy, or flexibility for future resale.
Located between Downtown Raleigh and Cary, the property benefits from strong rental demand driven by proximity to Fenton, Lake Johnson Park, NC State, and RTP. This is a low-maintenance, new construction asset with contemporary design and functional layouts that appeal to today’s renter.
Ideal for investors seeking a stabilized + lease-up opportunity, house-hack scenario, or long-term hold in a high-growth Raleigh submarket. All construction is complete and move-in ready.
Located between Downtown Raleigh and Cary, the property benefits from strong rental demand driven by proximity to Fenton, Lake Johnson Park, NC State, and RTP. This is a low-maintenance, new construction asset with contemporary design and functional layouts that appeal to today’s renter.
Ideal for investors seeking a stabilized + lease-up opportunity, house-hack scenario, or long-term hold in a high-growth Raleigh submarket. All construction is complete and move-in ready.
Property Facts
| Price | $1,428,101 CAD | Building Size | 4,750 SF |
| Price Per Unit | $714,051 CAD | Average Occupancy | 50% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 2 | Year Built | 2026 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | R-6 - Residential-6 zoning district | ||
| Price | $1,428,101 CAD |
| Price Per Unit | $714,051 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 4,750 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
| Zoning | R-6 - Residential-6 zoning district |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Deck
- Dining Room
- Family Room
- Handrails
- Island Kitchen
- Lawn
- Loft Layout
- Mud Room
- Office
- Pantry
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 2 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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5061 Lundy Dr - Wrenwood
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