421 Pearce Avenue, Wake Forest, NC 27587

Wake Forest
Local realty services provided by:ERA Parrish Realty Legacy Group
421 Pearce Avenue,Wake Forest, NC 27587
$175,000
  • 3 Beds
  • 2 Baths
  • 1,482 sq. ft.
  • Multi-family
  • Pending
Listed by: melissa gordon, fred gordon
Office: coldwell banker advantage
MLS#:10178234
Source:RD

Price summary

  • Price:$175,000
  • Price per sq. ft.:$118.08

About this home

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...

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Home facts

  • Year built:1901
  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10178234
  • Added:113 day(s) ago
  • Updated:October 28, 2026 at 08:22 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Wood
  • Living area:1,482 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Space Heater

Structure and exterior

  • Roof:Metal
  • Year built:1901
  • Building area:1,482 sq. ft.
  • Lot area:0.28 Acres
  • Construction Materials:Vinyl Siding
  • Levels:One

Schools

  • High school:Wake - Wake Forest High School
  • Middle school:Wake - Heritage Middle
  • Elementary school:Wake - Heritage Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$175,000
  • Price per sq. ft.:$118.08
  • Tax amount:$1,657
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