Skip to content
‹Search Features Location Pricing Similar Homes
421 Pearce Avenue, Wake Forest, NC 27587 PENDING 1 of 5 421 Pearce Avenue, Wake Forest, NC 27587 — photo 2 421 Pearce Avenue, Wake Forest, NC 27587 — photo 3 421 Pearce Avenue, Wake Forest, NC 27587 — photo 4 421 Pearce Avenue, Wake Forest, NC 27587 — photo 5
1 of 5
Pending
$175,000 Est. $1,206/mo — Get pre-qualified
3beds 2baths 1,482sq ft 0.28acres

421 Pearce Avenue · Wake Forest, NC 27587

View map

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

Features & Amenities

Living Area1,482 Sq.Ft.
Bedrooms3
Baths2
HeatingSpace Heater
CoolingWindow Unit(s)
FlooringWood
FireplaceNo
StyleRanch
Year Built1901
ConstructionVinyl Siding
RoofMetal
FoundationCrawlspace
ParkingOpen
StatusPending
Lot Size0.28 Acres
SubdivisionNot in a Subdivision
CountyWake
Property TypeResidential Income
Property SubTypeSingle Family Residence
Last UpdatedOct 1, 2026
UtilitiesElectricity 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

$
%
$
%
$
$
$
Estimated Payment
— / month
Principal & Interest—
Property Taxes—
Home Insurance—
HOA Dues—

* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

Get Pre-Qualified Today

Similar Homes

Nearby Homes for Sale

Homes in Nearby Subdivisions

Homes in Nearby Zip Codes

Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Triangle MLS, Inc. of North Carolina. Real estate listings held by brokerage firms other than REMAX Executive are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. 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 consumer's personal, noncommercial use. 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. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. This site is monitored for scraping. Any use of listing data obtained from this web site, other than by a consumer looking to purchase real estate, is prohibited. This data has been updated as of Oct 1, 2026.