Wallace Homes under $250,000

Welcome to Wallace, North Carolina, a charming town nestled in the heart of Duplin County. Known for its rich history and warm community spirit, Wallace offers a unique blend of small-town charm and modern conveniences, making it an ideal place for families, retirees, and anyone looking for a peaceful retreat.

With a population that embraces Southern hospitality, Wallace boasts a vibrant downtown area filled with local shops, eateries, and parks, perfect for leisurely strolls or community gatherings. The town is surrounded by picturesque landscapes, featuring lush greenery and scenic views that invite outdoor enthusiasts to explore hiking, fishing, and picnicking in the nearby natural settings.

For those seeking affordable housing options, Wallace has an array of homes priced under $250,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a variety of charming residences that cater to diverse tastes and preferences. From cozy bungalows to spacious family homes, these properties offer the perfect backdrop for creating lasting memories.

Wallace is also conveniently located near major highways, providing easy access to nearby cities like Wilmington and Jacksonville, making it an attractive option for commuters. With its strong sense of community, excellent schools, and affordable living, Wallace is more than just a place to live; it’s a place to call home. Come discover the charm of Wallace, where your dream home awaits!

Newest Wallace Homes under $250,000

$199,000

3 Beds ⋅ 1 Baths ⋅ 100613263 MLS ⋅ ACTIVE Status ⋅ 1,176 SqFt. ⋅ 1969 Year Built

Looking for one-level living with classic brick character? This 3-bedroom, 1-bath brick ranch in Wallace features exposed brick walls and a bright, spacious living room that flows into the dining area for comfortable everyday living and entertaining. The kitchen offers white cabinetry, tile flooring, plenty of cabinet space, and a refrigerator that conveys. A generously sized primary bedroom and separate laundry room add to the practical layout. Outside, enjoy the patio and backyard with mature shade trees—perfect for relaxing or gathering with friends. With the roof and HVAC system approximately three years old, major updates are already in place. City water and sewer provide added convenience. Come explore the charm and possibilities of this inviting ranch!

512 W Westbrook St, Wallace

$225,000

3 Beds ⋅ 2 Baths ⋅ 100611459 MLS ⋅ ACTIVE Status ⋅ 2,430 SqFt. ⋅ 1911 Year Built

Enjoy the charm and character of an old farmhouse nestled on 1.22 acres with beautiful mature trees and plenty of room to spread out. Whether you're dreaming of a garden, outdoor entertaining, or hosting family and friends, this property offers space to make it your own. Enjoy the peaceful feel of country living while staying conveniently close to Walmart, local restaurants, golf courses, and downtown amenities. With its inviting setting, established trees, and endless possibilities, this property is the perfect opportunity to create your own country retreat while remaining close to everything you need!

4027 S Nc Hwy 11, Wallace

$250,000

3 Beds ⋅ 2 Baths ⋅ 100609747 MLS ⋅ ACTIVE Status ⋅ 1,300 SqFt. ⋅ 1948 Year Built

Welcome to 405 N College Street in Wallace! This beautifully remodeled 3-bedroom, 2-bath home offers approximately 1,300 square feet of refreshed living space in a convenient in-town location. Nearly every detail has been updated, including new flooring, fresh paint, new windows and doors, updated plumbing, modern light fixtures throughout, and a new HVAC system. The renovated kitchen features new cabinetry and countertops, while the updated bathrooms showcase stylish tile finishes and contemporary touches. Outside, enjoy a beautiful front yard, a covered front porch perfect for relaxing, and the added appeal of a corner lot. Conveniently located near downtown Wallace, local shopping, dining, and major roadways, including I-40, this move-in-ready home offers modern updates and everyday convenience. Don't miss the opportunity to make this refreshed home your own!

405 N College St, Wallace

$149,900

3 Beds ⋅ 2 Baths ⋅ 100607570 MLS ⋅ ACTIVE Status ⋅ 1,771 SqFt. ⋅ 1950 Year Built

Auction online - Starts 10/18/2026 and ends on 10/20/2026@ 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. 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. Propane was used for heat by previous occupant. Submit offers online - 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

$239,000

3 Beds ⋅ 2 Baths ⋅ 100607367 MLS ⋅ ACTIVE Status ⋅ 1,538 SqFt. ⋅ 1967 Year Built

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 2026 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

$179,900

3 Beds ⋅ 1 Baths ⋅ 100601726 MLS ⋅ ACTIVE Status ⋅ 936 SqFt. ⋅ 1959 Year Built

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

$199,000

4 Beds ⋅ 3 Baths ⋅ 100596246 MLS ⋅ ACTIVE Status ⋅ 2,900 SqFt. ⋅ 1955 Year Built

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

$210,000

2 Beds ⋅ 2 Baths ⋅ 100591586 MLS ⋅ ACTIVE Status ⋅ 2024 Year Built

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

$129,000

3 Beds ⋅ 2 Baths ⋅ 100557772 MLS ⋅ ACTIVE Status ⋅ 1,648 SqFt. ⋅ 1969 Year Built

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

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Wallace Homes under $250,000

Newest Wallace Homes under $250,000

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