About This Home

This 3-bedroom, 2-bathroom single family at 421 Pearce Avenue in Wake Forest, NC is listed for $175,000 ($118 per sqft). Built in 1901, the home offers 1,482 sqft of living space on a 0.28 acres lot.

Key Features

  • Built in 1901
  • 0.28 acre lot

Property Details

1 story
2 full
1901

Amenities

A/C
Listing 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

Monthly Cost Estimate

$936/mo

20% down · 6.5% · 30 years

Principal$127
Interest$758
Insurance$51

Estimates only. Actual payments may vary.

Location

421 Pearce Avenue

Wake Forest, NC 27587

Not in a Subdivision

Property Details

Flooring

Wood

Construction

Vinyl Siding

Parking

Open

Heating

Space Heater

Cooling

Window Unit(s)

Questions & Answers

This 3-bedroom, 2-bathroom single family at 421 Pearce Avenue is listed at $175,000 ($118/sqft). The estimated monthly payment is $936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1901, 0.28 acre lot.

This property is listed by Melissa Gordon.

MG

Melissa Gordon

Agent at Coldwell Banker Advantage

Listed by Coldwell Banker Advantage · Broker phone: 9198472222 · View on Broker Site · Broker website

MLS# 10178234· Source: Doorify MLS· 119 days on PropertySimple

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

421 Pearce Avenue, Wake Forest, NC 27587

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