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$150,000
3 Baths 10179574 MLS ACTIVE Status
Welcome to the historic Glen Royal Mill area of Wake Forest. This offering includes two adjacent vacant homesites totaling approximately .40 acres (.22-acre and .18-acre lots), providing flexibility for a variety of residential home designs. Public utilities are available nearby, and any home constructed must comply with the Town of Wake Forest's established architectural guidelines. Conveniently located near Downtown Wake Forest, White Street, Joyner Park, Southeastern Baptist Theological Seminary, grocery stores, parks, shopping, dining, and other local amenities. Joyner Park offers more than 100 acres of walking trails, open green space, seasonal events, and recreational opportunities. Bring your own builder or explore available building options. Both lots are being sold together. Please call for additional information.

620 & 626 Brewer Ave, Wake Forest

$175,000
3 Beds 2 Baths 10178234 MLS ACTIVE Status
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. House is being sold AS-IS

421 Pearce Ave, Wake Forest

$149,900
3 Beds 1 Baths 10175057 MLS PENDING Status
Wake Forest Investor Opportunity - House + Adjoining Lot | Price Reduced $20,000 | Priced to Sell Back on the market! Property not at fault. This creates an excellent opportunity for the next investor to capitalize on a deal that's now priced $20,000 below its previous list price for a quick sale. Located just outside downtown Wake Forest with convenient access to Raleigh via US-1 and Capital Blvd., this investment includes a 3-bedroom, 1-bath home on a 0.37-acre lot plus an additional adjoining lot that is included in the sale, providing added flexibility and long-term value. The existing one-story home features a solid footprint that's ideal for a straightforward renovation. Whether you're looking to renovate and flip, renovate and hold as a rental, or explore the potential of the additional adjoining lot (buyer to verify all intended uses), this property offers multiple exit strategies that are difficult to find at this price point. This is a rare opportunity to acquire a home with an extra adjoining lot in one of Wake Forest's fastest-growing areas at a compelling price. With the recent $20,000 price reduction, the property is priced to sell immediately. Cash or hard money preferred. Serious inquiries only. Don't miss this second chance—schedule your showing today.

13004 Powell Rd, Wake Forest

$192,000
2 Beds 2 Baths 10170460 MLS CLOSED Status
YOU DON'T WANT TO MISS THIS OPPORTUNITY, Diamond in the rough!!! ONE-STORY townhouses are hard to come by. Just under 1300SF with two bedrooms and 2 full baths, no stairs anywhere in the home. End unit so you share only one wall with a neighbor, giving you extra windows, and a greater sense of privacy. The single-story layout and main-level bedrooms make day-to-day living effortless, a feature that is increasingly difficult to find at any price point in this market. The bones of this home are worth paying attention to. Ten foot ceilings and crown molding throughout, a high tray ceiling in the primary bedroom, a large kitchen with an eat-in breakfast area, a generously sized living room with a fireplace, and a covered back patio. This is not your average FIXER UPPER. The setting makes it even more compelling. The back of the home faces a private wooded backdrop with no other houses behind. At the end of the street you have direct access to the trails, community center and green space of Joyner Park, one of Wake Forest's most popular community parks, without ever getting in a car. The HOA fee covers the big ticket items that add up fast in any home -- roof replacement (recently replaced), exterior power washing, siding repair and replacement (recently replaced), termite inspection and treatment, foundation repairs, common area maintenance, and annual lawn seeding. The community also includes a pool, tennis courts, and a basketball court. Located minutes from downtown Wake Forest, Falls Lake, and the Triangle's top retail and dining corridors. Staffordshire is an established, in-demand community with consistent sales activity. The property is being sold as-is and this is the right opportunity for a buyer who knows how to look past the surface. Contractor quotes for flooring ( other renovation estimate is available -- call or text the listing agent. ). Ask about financing options including the FHA 203k rehab loan program -- lender information is available in the MLS documents section. This one rewards the buyer who does their homework. Call to schedule a walk-through or request the investment detail package.

839 Saint Catherines Dr, Wake Forest

$155,000
2 Beds 1 Baths 10168447 MLS ACTIVE Status
Inspection report available please contact listing agent Blair (919) 527-5727. Rare opportunity in the heart of Wake Forest! This 2 bedroom, 1 bathroom fixer-upper offers incredible potential for investors, builders, or buyers looking to renovate and add value. Located on historic North Main Street just outside the Wake Forest Historic District, the property may offer additional development opportunities. Per preliminary discussions with town staff, buyers may explore options for an accessory dwelling unit (ADU) or potential expanded development, subject to town approvals, watershed regulations, site plan review, and all applicable zoning requirements. Existing home features covered front porch. Excellent opportunity for renovation or rental income in a rapidly growing area.

817 N Main St, Wake Forest

$88,500
10137185 MLS CLOSED Status
Opportunity to build on a private homesite in the highly desirable Chesleigh Subdivision. Located on a quiet secondary road near the front of the neighborhood, away from entrances, this lot features long rear sightlines overlooking a natural wooded buffer, offering a peaceful setting with excellent accessibility. Surrounded by mature hardwoods, the property provides an ideal backdrop for a custom home with space for outdoor living and entertaining. Soil work has been completed—bring your builder and continue the permitting process with confidence. With no HOA, enjoy added flexibility and freedom. Situated in the strong Wake Forest housing market, this property offers both lifestyle appeal and long-term value, with convenient access to major roads, shopping, dining, and city conveniences.

1039 Heather Ln, Wake Forest

$192,000
3 Beds 2 Baths 10109545 MLS CLOSED Status
Move-In Ready Home on a Private Lot - Updated & Well-Maintained! One year home warranty for peace of mind! Welcome to this beautifully maintained, move-in ready home nestled on a private lot just minutes from dining & shopping. Inside you will find (completed June 2025) fresh interior paint, new hardwood kitchen cabinets & bathroom vanities, appliances - stove, dishwasher, and hood, and new flooring in the Owner's bedroom. The home has been power washed—including the deck—and features refreshed landscaping & repairs to the shed, including wood replacement. HVAC replaced in July 2023 Roof replaced in 2020 Double-hung vinyl windows replaced in 2007 Don't miss this opportunity schedule your showing today!

3146 Virginia Pine Ct, Wake Forest

$175,000
2 Beds 1 Baths 10148904 MLS CLOSED Status
Priced below the Tax Assessed Value, this building lot & renovation opportunity situated in a National Register Historic District. This classic cottage and lot presents a unique opportunity to own prime downtown location in Wake Forest. Perfectly positioned for a car-optional lifestyle, the home is just 0.3 miles from Wake Forest Magnet Elementary and the Seminary, with the shops and dining of White Street only a half-mile stroll away. This property is an ideal match for those looking to build equity in a high-demand area, rental income investors, and value-add investors. The National Historic Register status allows for a State and Federal Tax Credit on rehabilitation expenses for income-producing properties. This GR3 zoned lot is also primed for buyers seeking a high-end renovation endeavor or a two-story rebuild (Verify with HPC). This property offering is sold strictly AS-IS. An Inspection Report is available upon request. The Listing Agent is related to the Seller.

132 W Vernon Ave, Wake Forest

$255,000
3 Beds 2 Baths 10051005 MLS CLOSED Status
Spacious ranch-style home with endless possibilities. With 3 bedrooms and 2 bathrooms, this 1,215 square foot home is perfect for any buyer looking for space, privacy, and convenience. This property is ideal for investors and those looking for room to grow and some renovations. Nestled on a private wooded lot, you can enjoy the tranquil surroundings and escape the hustle and bustle of the city, yet still be close to all the area amenities and shopping. One of the many highlights of this home is the large 1.14 acre lot. Whether you have a green thumb or dream of building a spacious outdoor oasis, the possibilities are endless. Imagine hosting barbecues on the patio, watching the kids play in the yard, or simply relaxing in the shade under the trees. The choice is yours. This home is perfect for those who are looking for a project and have an eye for design. In need of repairs, this home is a blank canvas, waiting for your personal touch and updates to bring it to its full potential. Being sold AS IS-Cash Deals Only!Offer Deadline-Saturday 9/7/24 at 11:00 am.

558 Derby Ln, Wake Forest

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .