WEST RALEIGH TRIPLEX – WAYNE STREET

DEATON is pleased to present 5367 Wayne Street, a well-maintained, single-story triplex located in an established West Raleigh neighborhood. Built in 1984, the property consists of three nearly identical 2-bedroom, 2-bathroom residences, each approximately 1,000 square feet. The property offers investors an opportunity to acquire an income-producing asset in a desirable location convenient to NC State University, I-40, Crossroads Plaza and the surrounding Raleigh/Cary employment centers.

The property has benefited from substantial capital improvements, including a major renovation program in 2016 that addressed the roof, windows, exterior siding, decks, HVAC systems, water heaters and other building components. Additional improvements from 2021 through 2026 include updated flooring, interior renovations, exterior siding replacement and a new HVAC system, helping position the property for continued long-term ownership.

Currently fully leased at $1,300/unit, 5367 Wayne Street offers immediate rental income with additional flexibility as one unit is scheduled to become available in November 2026. This upcoming vacancy presents an opportunity for an owner-occupant to occupy one residence while generating rental income from the other two, or for an investor to evaluate current market rents upon turnover.