Date
Details
Price
Change
Source
7/06/2026
Listed
$175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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
Full Property Details
Full Property Details for 421 Pearce Ave
General
- Price: $175,000
- Taxes: $1,656
- Status: Active
- Type: Single Family
- Source: 2218
- MLS ID: 10178234
- Updated: 7/6/2026
- Added to Site: 1 day(s) ago
Rental Information
- Lease/Rent Term: Month To Month
Interior
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Open
Location
- County: Wake
- Subdivision: Not in a Subdivision
- Driving Directions: GPS Friendly
- City Limits: Yes
School Information
- Elementary School: Wake - Heritage Elementary
- Middle School: Wake - Heritage Middle
- High School: Wake - Wake Forest High School
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Space Heater, None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Structure Type: Site Built
- Exterior Const.: Vinyl Siding
- Roof: Metal
- Stories/Levels: 1
- Building Size: 1482
- Square Feet: 1,482
- Finished Above Grnd: 1,482 Sq. Ft.
- Year Built: 1901
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Zoning: UR
Financial Considerations
- Tax Amount: $1,656.89
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 184119612589000 0036997
- Lot Number: 1
Listed by Coldwell Banker Advantage, Melissa Gordon (919) 614-6878 and Coldwell Banker Advantage, Fred Gordon (919) 815-8867
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Listing agents
— 421 Pearce Ave —
Melissa Gordon
Coldwell Banker Advantage
Fred Gordon
Coldwell Banker Advantage
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 421 Pearce Ave
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Heritage Elementary 3500 Rogers Road, Wake Forest, NC 27587 | PK-5 | 2.2 mi |
Heritage Middle, Wake Forest, NC 3400 Rogers Road, Wake Forest, NC 27587 | 6-8 | 2.1 mi |
Wake Forest High School 420 West Stadium Avenue, Wake Forest, NC 27587 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 421 Pearce Ave
Tax History
Tax History for 421 Pearce Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,778
—
$174,676
—
2024
$1,772
28%
$174,676
49%
2023
$1,387
4%
$117,617
—
2022
$1,331
2%
$117,617
—
2021
$1,308
—
$117,617
—
2020
$1,308
10%
$117,617
25%
2019
$1,191
5%
$94,414
—
2018
$1,129
3%
$94,414
—
2017
$1,092
1%
$94,414
—
2016
$1,078
4%
$94,414
5%
2015
$1,039
3%
$89,780
—
2014
$1,006
5%
$89,780
—
2013
$957
—
$89,780
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 421 Pearce Ave
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421 Pearce Avenue, Wake Forest, NC 27587 (MLS# 10178234) is a Single Family property with 3 bedrooms and 2 full bathrooms. 421 Pearce Avenue is currently listed for $175,000 and was received on July 06, 2026. Want to learn more about 421 Pearce Avenue? Do you have questions about finding other Single Family real estate for sale in Northeast Wake Forest? You can browse all Northeast Wake Forest real estate or contact a Coldwell Banker agent to request more information.