425 Pearce Avenue,Wake Forest, NC 27587
Wake Forest, NC 27587
Description
Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 417 Pearce Avenue (MLS# 10142424) and 421 Pearce Avenue (MLS# 10178234 ) for a combined purchase price of $1,135,000. 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. Each duplex features spacious 3-bedroom, 2-full-bath units, thoughtfully designed with two bedrooms on the main level and one upstairs, appealing to a wide range of tenants. This duplex is situated on a nearly 1 acre lot. The property provides rare space and flexibility in a downtown setting. The lot has access to Pearce Avenue and currently shares a driveway with the neighboring duplex. A prime location close to dining, shopping, and local amenities, combined with strong rental performance and zoning advantages, makes this a compelling opportunity for investors seeking both stability and upside in one of Wake Forest's most desirable areas. One unit in this building has recently been updated with new flooring, cabinets, counter tops, appliances and paint.
Details
| MLS # | 10142426 |
|---|---|
| Listing Type | For Lease |
| Status | Pending |
| Year | 2003 |
| Days On Site | 256 |
| Listing Provided By | Coldwell Banker Advantage | Melissa Gordon |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,721 |
| Story(s) | 2 |
| Zoning | UR |
| Acreage | 0.91 |
| Property View | Trees, Woods |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Open Floorplan |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Heat Pump |
| Laundry Features | Main Level |
| Rooms Total | 12 |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Slab |
| View | Trees/Woods |
| Construction Materials | Vinyl Siding |
| Security Features | Smoke Detector(s) |
| Door Features | French Doors |
| Patio And Porch Features | Patio, Porch |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, Open, Shared Driveway |
Utilities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Assessed Value | 438136 |
|---|---|
| Tax Legal Description | Lo3 Todd Fields & Joe Seigler Bm2001-00333 |
| Tax Year | 2025 |
| Tax Map Number | 3 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Wake Forest |
| Zip Code | 27587 |
| Area | Wake |
| Community Name | Not in a Subdivision |
| School District | Wake - Wake Forest High School |
| Elementary School | Wake - Heritage Elementary |
| High School | Wake - Wake Forest High School |
| Listing VS Median (in Not in a Subdivision) | |
Price: $495,000 low | high Med: $315,000 sqft: 2,721 low | high Med: 955 $ / sqft: $182 low | high Med: $333 On site: 256 low | high Med: 24 | |
Market Activity 27587
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Wake Forest |
| Zip Code | 27587 |
| Area | Wake |
| Community Name | Not in a Subdivision |
| School District | Wake - Wake Forest High School |
| Elementary School | Wake - Heritage Elementary |
| High School | Wake - Wake Forest High School |
| Listing VS Median (in Not in a Subdivision) | |
Price: $495,000 low | high Med: $315,000 sqft: 2,721 low | high Med: 955 $ / sqft: $182 low | high Med: $333 On site: 256 low | high Med: 24 | |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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