417 Pearce AVE, Wake Forest, NC 27587
417 Pearce AVE, Wake Forest, NC 27587
417 Pearce AVE, Wake Forest, NC 27587
417 Pearce AVE, Wake Forest, NC 27587
417 Pearce AVE, Wake Forest, NC 27587
417 Pearce AVE, Wake Forest, NC 27587
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Bill Nagel

Bill Nagel

+1(919) 434-6923
Listed by Coldwell Banker Advantage
$ 465,000
Est. payment | /mo

6 Beds

4 Baths

2,750 SqFt

Save
$ 465,000
Est. payment | /mo
Save

6 Beds

4 Baths

2,750 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,750 sqft

Price per Sqft $169

Subdivision Not In A Subdivision

MLS Listing ID 10142424

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 2006

Annual Tax Amount $3,820

Lot Size 2,750 Sqft

Acres 0.48

Property Sub-Type Duplex

Source Doorify MLS

Land Area 2750

Property Description

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

Location

State NC

County Wake

Community Not In A Subdivision

Area 0.48

Zoning UR

Interior

Interior Features Bathtub/Shower Combination, Open Floorplan

Cooling Central Air

Flooring Carpet, Linoleum

Fireplace No

Appliance Dishwasher

Laundry Main Level

Exterior

Parking Features Open, Shared Driveway

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

Roof Type Shingle

Garage No

Building

Lot Description Back Yard

Story One and One Half

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 184119612689000 0325144

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Doorify MLS

Schools and Properties Nearby

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Bill Nagel
Bill Nagel

Agent | License ID: 355020

+1(919) 434-6923 | bill@bliss-realestate.com

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417 Pearce AVE