425 Pearce Avenue
Wake Forest, NC 27587Sold together with MLS# 10142424 & this MLS 101424426 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.
$495,000
6 bedrooms
4 full bathrooms
0.91 acres
2,618 square feet
$189 per square foot
- Exterior Features
- Interior Features
- Property Features
- Common Walls 1 Common Wall
- Construction Materials Vinyl Siding
- Lot Size Acres 0.91
- Parking Features Open, Shared Driveway
- Patio And Porch Features Patio, Porch
- Structure Type Duplex
- Above Grade Finished Area 2,618
- Appliances Dishwasher, Electric Range
- Cooling Heat Pump
- Cooling Y/N Yes
- Flooring Carpet, Linoleum, Vinyl
- Heating Heat Pump
- Heating Y/N Yes
- Interior Features Open Floorplan
- Laundry Features Main Level
- Tax Annual Amount 4145.77
- Water Source Public
- Year Built 2003
Additional Property Information
- TypeDuplex
- Built2003
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaWake Forest
- Elementary SchoolWake - Heritage
- Middle SchoolWake - Heritage
- High SchoolWake - Wake Forest
Listing courtesy of Coldwell Banker Advantage. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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