Wallace Homes under $250,000

Welcome to Wallace, North Carolina – a hidden gem nestled in the heart of Duplin County! This charming town, with its rich history and warm community spirit, offers a delightful blend of Southern hospitality and modern living. Whether you’re drawn to its picturesque landscapes or its vibrant local culture, Wallace is a place where you can truly feel at home.

One of the most appealing aspects of Wallace is its affordability. For homebuyers seeking value, the market here features a variety of homes under $250,000. From cozy single-family residences to inviting townhomes, there’s something for everyone. These properties not only provide an excellent opportunity for first-time buyers but also for those looking to invest in a flourishing community.

The town boasts a quaint downtown area filled with local shops, restaurants, and parks, making it the perfect spot for family outings or leisurely strolls. Wallace is also conveniently located near major highways, providing easy access to larger cities like Wilmington, where you can enjoy beautiful beaches and a bustling nightlife.

Outdoor enthusiasts will appreciate the nearby parks and recreational areas, offering ample opportunities for hiking, fishing, and enjoying nature. The community hosts various events throughout the year, fostering a strong sense of connection among residents.

In Wallace, you’ll find more than just a house; you’ll discover a welcoming community ready to embrace you. With homes priced under $250,000, your dream of homeownership in this charming town is well within reach. Come explore Wallace, where your future awaits!

Newest Wallace Homes under $250,000

$149,900

3 Beds ⋅ 2 Baths ⋅ 100607570 MLS

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

Listing courtesy of Listing Agent: Valerie R Johnson () from Listing Office: Johnson Realty.

$239,999

3 Beds ⋅ 2 Baths ⋅ 100607367 MLS

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

Listing courtesy of Listing Agent: Mariel Gniewoz-Weiss () from Listing Office: Keller Williams Innovate-Wilmington.

$94,700

1 Beds ⋅ 1 Baths ⋅ 100607031 MLS

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

Listing courtesy of Listing Agent: Valerie R Johnson () from Listing Office: Johnson Realty.

$179,900

3 Beds ⋅ 1 Baths ⋅ 100601726 MLS

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

Listing courtesy of Listing Agent: Teresa S Dixon () from Listing Office: Relentless Ventures Realty Group.

$249,700

3 Beds ⋅ 2 Baths ⋅ 100597761 MLS

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

Listing courtesy of Listing Agent: Team Harris Group () from Listing Office: Keller Williams Innovate-Wilmington.

$199,000

4 Beds ⋅ 3 Baths ⋅ 100596246 MLS

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

Listing courtesy of Listing Agent: Brian S Hargrove () from Listing Office: Grow Local Realty LLC.

$210,000

2 Beds ⋅ 2 Baths ⋅ 100591586 MLS

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

Listing courtesy of Listing Agent: Janiel L Blackman () from Listing Office: J Blackman Real Estate.

$215,000

3 Beds ⋅ 2 Baths ⋅ 100575407 MLS

Welcome to 616 S. Orange Street! This charming, turn-key home is fresh on the market and ready for its new owners. Step inside to find an inviting, open layout highlighted by stunning newer LVP floors that boast an immaculate, brilliant shine throughout the main living areas. The bright and airy kitchen is a true standout, featuring crisp white cabinetry perfectly complemented by a classic tile backsplash. Situated on a great lot in an established Wallace neighborhood, this home offers the perfect blend of clean, modern updates and everyday convenience. Schedule your private tour today!

616 S Orange St, Wallace

Listing courtesy of Listing Agent: Diane M Castro-Perez () from Listing Office: Coldwell Banker Sea Coast Advantage-Hampstead.

$140,000

3 Beds ⋅ 2 Baths ⋅ 100557772 MLS

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

Listing courtesy of Listing Agent: Christopher Lawrence () from Listing Office: Trillionaire Realty.

$60,000

2 Beds ⋅ 1 Baths ⋅ 100555064 MLS

Fixxer upper opportunity: 2 bedroom 1 bath home available in need of TLC. Make it your own- home includes a metal roof and could be a good investment opportunity. Home needs hvac and utilities are not connected.

410 Devane St, Wallace

Listing courtesy of Listing Agent: Oscar E Garcia () from Listing Office: Berkshire Hathaway HomeServices Carolina Premier Properties.

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