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417 Pearce Avenue, Wake Forest, NC 27587 PENDING 1 of 14 417 Pearce Avenue, Wake Forest, NC 27587 — photo 2 417 Pearce Avenue, Wake Forest, NC 27587 — photo 3 417 Pearce Avenue, Wake Forest, NC 27587 — photo 4 417 Pearce Avenue, Wake Forest, NC 27587 — photo 5
1 of 14
Pending
$465,000 Est. $3,204/mo — Get pre-qualified
6beds 4baths 2,750sq ft 0.48acres

417 Pearce Avenue · Wake Forest, NC 27587

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Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 425 Pearce Avenue (MLS# 10142426) 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 generous almost 1/2 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

Features & Amenities

Living Area2,750 Sq.Ft.
Bedrooms6
Baths4
HeatingHeat Pump
CoolingCentral Air
FlooringCarpet, Linoleum
FireplaceNo
AppliancesDishwasher, Electric Range
Interior FeaturesBathtub/Shower Combination, Open Floorplan
LaundryMain Level
StyleTransitional
Year Built2006
ConstructionVinyl Siding
RoofShingle
FoundationCrawlspace
ParkingOpen, Shared Driveway
StatusPending
Lot Size0.48 Acres
Lot FeaturesBack Yard
SubdivisionNot in a Subdivision
CountyWake
Property TypeResidential Income
Property SubTypeDuplex
Last UpdatedOct 1, 2026
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected
SewerPublic Sewer
Water SourcePublic
HOANo
ElementaryWake - Heritage Elementary Elementary School
MiddleWake - Heritage Middle Middle School
HighWake - Wake Forest High School High School
Presented By: Coldwell Banker Advantage; 919.847.2222; espeas@cbadvantage.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Monthly Cost Estimate

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