425 Pearce Avenue, Wake Forest, NC 27587
Local realty services provided by:ERA Strother Real Estate
425 Pearce Avenue,Wake Forest, NC 27587
$495,000
- 6 Beds
- 4 Baths
- 2,721 sq. ft.
- Multi-family
- Pending
Listed by: melissa gordon, fred gordon
Office: coldwell banker advantage
MLS#:10142426
Source:RD
Price summary
- Price:$495,000
- Price per sq. ft.:$181.92
About this home
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....
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Home facts
- Year built:2003
- Subdivision & Development:Not in a Subdivision
- Listing ID #:10142426
- Added:228 day(s) ago
- Updated:September 07, 2026 at 07:27 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Hardwood, Linoleum, Vinyl, Wood
- Kitchen Description:Dishwasher, Electric Range, Free-Standing Electric Range, Range
- Living area:2,721 sq. ft.
Heating and cooling
- Cooling:Central Air, Heat Pump
- Heating:Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2003
- Building area:2,721 sq. ft.
- Lot area:0.91 Acres
- Construction Materials:Vinyl Siding
- Exterior Features:Patio, Porch
- Foundation Description:Slab
- Levels:One and One Half
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:$495,000
- Price per sq. ft.:$181.92
- Tax amount:$4,146
Features and amenities
- Laundry features:Main Level
Parking
- Parking description:Driveway
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