421 Pearce Ave, Wake Forest, NC 27587

Beds
3
Baths
2
Sqft
1,482

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Listed byColdwell Banker Advantage
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Overview

Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 425 Pearce Avenue (MLS# 10142426) and 417 Pearce Avenue (MLS# 10142424) for a combined purchase price of $1,135,000, this exceptional investment package presents a unique opportunity in the heart of downtown Wake Forest. The offering includes three parcels totaling approximately 1.67 acres, featuring two fully leased duplexes and one tenant-occupied single-family home, providing immediate rental income with significant long-term upside. Zoned UR (Urban Residential), the properties offer outstanding redevelopment and expansion potential in one of Wake Forest's fastest-growing and most desirable locations. This single-family home fronts Pearce Avenue and is currently leased, making it an income-producing asset today with excellent potential for future redevelopment as a standalone parcel or in combination with the adjacent duplex properties. Just a few blocks from the vibrant downtown district, the property is within close proximity of local restaurants, shopping, parks, and community amenities. With strong existing cash flow, flexible Urban Residential zoning, and a premier location in downtown Wake Forest, this is a great opportunity for investors and developers seeking both immediate returns and future growth potential. House is being sold AS-IS

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
3
Number of bathrooms
2
Square feet
1,482
Lot size (acres)
0.28
Year built
1901

Utilities

Heating
None, Space Heater
Cooling
Window Units
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$1,656.89

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10178234 Last checked:

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