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$175,000
3 Beds 2 Baths 10178234 MLS PENDING 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. There is no working heat pump or hvac system at this house. House is being sold AS-IS

421 Pearce Ave, 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

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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 .

Under $200K Wake Forest Real Estate

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