- Overview
- Description
- Property Details
- Location
- Facts & Features
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Street View
$495,000
Monthly Est:$2,464
6 Beds
4 Baths4 full baths
2,721sqft
425 Pearce Ave, Wake Forest, NC 27587
$495,000
$2,464/moEst:
Get Pre-Approved
Duplex
Built in 2003
$-- HOA
0.91 acre lot
$182/sq.ft
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.
- Houzeo last checked: 6 minutes ago
- Listing updated: October 1, 2026 at 12:29 pm
- Listing Provided by: Melissa Gordon (919) 614-6878 , Fred Gordon | Coldwell Banker Advantage (919) 847-2222
- Source: Doorify MLS-NC | MLS#: 10142426
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2003
HOA Fees
-
Finished Area
2,721 sqft
Lot Size
0.91 acre lot
Basement Area
- sqft
MLS Name
Doorify MLS
MLS Number
10142426
MLS Status
Pending
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Cooling
Central Air, Heat Pump
Sewer
Public Sewer
Appliances
Dishwasher, Electric Range, Free Standing Electric Range, Range
Interior Features
Ceiling Fan(s), Laminate Counters, Open Floorplan
Heating
Heat Pump
Flooring
Carpet, Hardwood, Linoleum, Vinyl, Wood
Construction
Year Built
Year Built: 2003
Home type
Duplex
Roof
Shingle
Foundation Details
Slab
Construction Materials
Vinyl Siding
Utilities & Energy
Parking Features
Driveway, Open, Shared Driveway
Water Source
Public
Laundry Features
Main Level
Security Features
Smoke Detector(s)
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Other Features
Subdivision Name
Not In A Subdivision
Patio And Porch Features
Patio, Porch
Tenant Pays
All Utilities
Disclosures
Seller Disclosure
Price History
| Date | Event | Price |
|---|---|---|
08/30/2026 Source: | Pending | $495,000 $182/sqft |
07/06/2026 Source: | Listed for Sale | $495,000 -55.00% $182/sqft |
09/09/2024 Source: | Off Market | $1,100,000 $404/sqft |
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Based on information from the Doorify MLS (Triangle MLS, Inc.) through Oct 08, 2026, 07:30PM. 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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