417 Pearce Avenue, Wake Forest, NC 27587
Not in a Subdivision · Wake County
Key Facts
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
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
2006
Stories
2
Living Area
2,750 sq ft
Lot Size
0.48 acres
Zoning
UR
Days on Market
74
MLS® Listing#
10142424
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Patio
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Wake - Heritage Elementary
- Middle:
- Wake - Heritage Middle
- High:
- Wake - Wake Forest High School
Financial Details
HOA
None
Annual Taxes
$3,821
Tax year 2025
Assessed Value
$403,442
Parcel Number
184119612689000 0325144
Directions
North on Franklin St to left on Pearce
Affordability Calculator
$93,000
Estimated monthly payment
$2,475/mo
Principal $372,000 · Est. interest $518,973 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Wake Forest, NC
- $493,296
- Median Listing Price
- 58
- Median Days on Market
- 2,435
- Median Sq Ft
- $207
- Median Price / Sq Ft
- 685
- Active Listings
- This home’s price is 6% below the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Wake Forest, NC.
Location
Points of Interest in Wake Forest, NC
Showing the Wake Forest area map.
Nearby Schools
Sebts Women Around SE
School · 0.4 mi away
Wake Forest Istem Magnet Elementary School
Elementary · 0.5 mi away
Wake Forest-Rolesville High School
Secondary · 0.6 mi away
Richland Creek Elementary School
Elementary · 0.6 mi away
Franklin Academy
School · 0.6 mi away
Montessori Children's House
Elementary · 0.7 mi away
St. Catherine of Siena Parish
School · 1.1 mi away
Franklin Academy
School · 1.9 mi away
Richland Creek Elementary
Elementary · 1.9 mi away
Heritage Children's Academy
School · 2.0 mi away
Thales Academy
School · 2.0 mi away
North Wake College and Career Academy
School · 2.0 mi away
Wakefield 9th Grade Center
School · 2.0 mi away
Wake County Public Schools
School · 2.1 mi away
Primrose Schools
Elementary · 2.1 mi away
Wake Forest Middle School
Secondary · 2.2 mi away
Heritage Elementary School
Elementary · 2.3 mi away
Goddard School
School · 2.4 mi away
Wake County Public Schools
School · 2.7 mi away
Jones Dairy Elementary School
Elementary · 2.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 149 Woodbriar Drive, Forest City, NC | $350,000 | 5 | 4 | 3,602 |
| 202 Sunset Memorial Road, Forest City, NC | $360,000 | 5 | 3 | 1,711 |
| 2029 Longmont Drive, Wake Forest, NC | $399,000 | 5 | 3 | 2,335 |
| 2029 Longmont Drive, Wake Forest, NC | $399,000 | 5 | 3 | 2,335 |
| 1844 Fighting Bull Drive, Wake Forest, NC | $433,462 | 5 | 3 | 2,511 |
| 633 Ramo Grande Drive, Wake Forest, NC | $436,840 | 5 | 3 | 2,511 |
Moving Cost Estimate
EXIT Agents in Wake Forest
Listing Courtesy: Coldwell Banker Advantage - 9198472222
Last Updated: 2026-01-21