425 Pearce Avenue, Wake Forest, NC 27587
425 Pearce Avenue, Wake Forest, NC 27587
425 Pearce Avenue, Wake Forest, NC 27587
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Listed by Coldwell Banker Advantage
$495,000
Est. payment /mo
6 Beds
4 Baths
2,721 SqFt
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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

Style Duplex

Bedrooms 6

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,721

Year Built 2003

Annual Tax Amount $4,145

Lot Size 0.910 Acres

Acres 0.91

Property Sub-Type Duplex

Source Triangle MLS

Property Description

Sold together with 417 Pearce Ave MLS#'s 10142424 and this MLS# 10142426 For a total of $960,000. Exceptional investment opportunity in the heart of downtown Wake Forest. This offering includes two fully rented duplexes sold together, located just a couple
of blocks from the vibrant town center. Zoned UR, the property presents future expansion or redevelopment potential while generating immediate income. A total of almost 1 1/2 acres across both parcels. Each duplex features
spacious 3-bedroom, 2-full-bath units, thoughtfully designed with two bedrooms on the main level, 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

Zoning UR

Direction North on Franklin St, left on Pearce Ave

Interior

Interior Features Open Floorplan

Heating Heat Pump

Cooling Heat Pump

Flooring Carpet, Linoleum, Vinyl

Appliance Dishwasher, Electric Range

Laundry Main Level

Exterior

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

View Y/N Yes

Roof Type Shingle

Porch Patio, Porch

Private Pool No

Building

Faces North on Franklin St, left on Pearce Ave

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Wake - Heritage

Middle Schools Wake - Heritage

High Schools Wake - Wake Forest

Others

Senior Community No

Tax ID 184119614694000 0325145

Special Listing Condition Standard


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Olumide Olurinmade

Olumide Olurinmade

+1(919) 699-2200

Broker | License ID: 270678

Broker License ID: 270678

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425 Pearce Avenue