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Street View
$175,000
Monthly Est:$871
3 Beds
2 Baths2 full baths
1,482sqft
421 Pearce Ave, Wake Forest, NC 27587
$175,000
$871/moEst:
Get Pre-Approved
Single Family Residence
Built in 1901
$-- HOA
0.28 acre lot
$118/sq.ft
Description
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. There is no working heat pump or hvac system at this house. House is being sold AS-IS
- Houzeo last checked: 12 hours ago
- Listing updated: October 1, 2026 at 12:27 pm
- Listing Provided by: Melissa Gordon (919) 614-6878 , Fred Gordon | Coldwell Banker Advantage (919) 847-2222
- Source: Doorify MLS-NC | MLS#: 10178234
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1901
HOA Fees
-
Finished Area
1,482 sqft
Lot Size
0.28 acre lot
Basement Area
- sqft
MLS Name
Doorify MLS
MLS Number
10178234
MLS Status
Pending
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Heating
Space Heater, None
Flooring
Wood
Sewer
Public Sewer
Cooling
Window Unit(s)
Construction
Year Built
Year Built: 1901
Home type
Single Family Residence
Construction Materials
Vinyl Siding
Roof
Metal
Utilities & Energy
Water Source
Public
Utilities
Electricity Connected, Sewer Connected, Water Connected
Parking Features
Open
Other Features
Disclosures
Lead Based Paint, Seller Disclosure
Subdivision Name
Not In A Subdivision
Price History
| Date | Event | Price |
|---|---|---|
08/30/2026 Source: | Pending | $175,000 $118/sqft |
07/06/2026 Source: | Listed for Sale | $175,000 -84.09% $118/sqft |
09/09/2024 Source: | Off Market | $1,100,000 $742/sqft |
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Based on information from the Doorify MLS (Triangle MLS, Inc.) through Oct 07, 2026, 06:00AM. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this IDX display. 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. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. © 2026 Doorify MLS, Inc. of North Carolina. All rights reserved. Non-MLS properties are not included. Properties sold were listed/sold by various MLS participating offices. © 2026 Doorify MLS, Inc. of North Carolina. All Rights Reserved.
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