Date
Details
Price
Change
Source
1/21/2026
Listed
$495,000
—
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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1/31
$495,000 Just Listed
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1/31
Property Description
Sold 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.
Full Property Details
Full Property Details for 425 Pearce Ave
General
- Price: $495,000
- Taxes: $4,145
- Status: Active
- Type: Duplex
- Source: 2218
- MLS ID: 10142426
- Updated: Today (1/21/2026)
- Added to Site: Today
Rental Information
- Lease/Rent Term: Month To Month
Interior
- Interior Features: Open Floorplan
- Appliances: Dishwasher, Electric Range
- Flooring: Carpet, Linoleum, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Main Level
Exterior
- Porch/Patio/Deck: Patio, Porch
Parking
- Parking Features: Open, Shared Driveway
Location
- County: Wake
- Subdivision: Not in a Subdivision
- Driving Directions: North on Franklin St, left on Pearce Ave
- City Limits: Yes
School Information
- Elementary School: Wake - Heritage
- Middle School: Wake - Heritage
- High School: Wake - Wake Forest
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Structure Type: Duplex
- Exterior Const.: Vinyl Siding
- Roof: Shingle
- Common Walls: 1 Common Wall
- Stories/Levels: 2
- Building Size: 2618
- Square Feet: 2,618
- Finished Above Grnd: 2,618 Sq. Ft.
- Year Built: 2003
Lot Features
- Lot Size (Acres): 0.91
- Lot Size (Sq. Ft.): 39,639.6
- Frontage: City Street
- Zoning: UR
Financial Considerations
- Tax Amount: $4,145.77
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 184119614694000 0325145
- Lot Number: 3
Listed by Coldwell Banker Advantage, Melissa Gordon (919) 614-6878 and Coldwell Banker Advantage, Fred Gordon (919) 815-8867
We Value Your Privacy
We Value Your Privacy
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Listing agents
— 425 Pearce Ave —
Melissa Gordon
Coldwell Banker Advantage
Fred Gordon
Coldwell Banker Advantage
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 425 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 425 Pearce Ave
Tax History
Tax History for 425 Pearce Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,267
-2%
$438,136
—
2024
$4,361
31%
$438,136
54%
2023
$3,339
4%
$283,941
—
2022
$3,205
2%
$283,941
—
2021
$3,149
—
$283,941
—
2020
$3,149
32%
$283,941
42%
2018
$2,381
3%
$199,314
—
2017
$2,302
1%
$199,314
—
2016
$2,273
-10%
$199,314
—
2019
$2,513
6%
$199,314
-3%
2015
$2,368
3%
$205,209
—
2014
$2,293
5%
$205,209
—
2013
$2,182
—
$205,209
—
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 425 Pearce Ave
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425 Pearce Avenue, Wake Forest, NC 27587 (MLS# 10142426) is a Duplex property with 6 bedrooms and 4 full bathrooms. 425 Pearce Avenue is currently listed for $495,000 and was received on January 21, 2026. Want to learn more about 425 Pearce Avenue? Do you have questions about finding other Duplex real estate for sale in Wake Forest? You can browse all Wake Forest real estate or contact a Coldwell Banker agent to request more information.