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Sharon Webb

swebb@advantagecb.com +1(919) 584-5554

Listed by Coldwell Banker Advantage

$ 495,000

Est. payment -/mo

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Pending

425 Pearce AVE Wake Forest, NC 27587

6 Beds

4 Baths

2,721 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,721 sqft

Price per Sqft $181

Subdivision Not In A Subdivision

MLS Listing ID 10142426

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 2003

Annual Tax Amount $4,145

Lot Size 0.910 Acres

Acres 0.91

Property Sub-Type Duplex

Source Doorify MLS

Land Area 2721

Property 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.

Location

State NC

County Wake

Community Not In A Subdivision

Area 0.91

Zoning UR

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Open Floorplan

Cooling Central Air, Heat Pump

Flooring Carpet, Hardwood, Linoleum, Vinyl, Wood

Fireplace No

Appliance Range, Dishwasher

Laundry Main Level

Exterior

Parking Features Driveway, Open, Shared Driveway

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

View Trees/Woods

Roof Type Shingle

Garage No

Building

Story One and One Half

Foundation Slab

Water Public

New Construction No

Schools

Elementary Schools Wake - Heritage Elementary

Middle Schools Wake - Heritage Middle

High Schools Wake - Wake Forest High School

Others

Tax ID 184119614694000 0325145

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Nearby Locations

Sharon Webb

Broker License ID: 276496

+1(919) 584-5554

Sharon Webb

425 Pearce AVE Wake Forest, NC 27587

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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425 Pearce AVE