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Pending
    • $495,000

    425 Pearce Ave, Wake Forest, NC 27587

    6beds
    2,721sqft
    : 
    $3,014/mo
    Get pre-qualified
    Duplex
    Built in 2003
    -- sqft lot
    $470,700 Zestimate®
    $182/sqft
    $-- HOA

    What's special

    Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 417 Pearce Avenue (MLS# 10142424) 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 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.
    66 days
    302
    14

    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa Gordon 919-614-6878,

    Coldwell Banker Advantage,

    Fred Gordon 919-815-8867,

    Coldwell Banker Advantage

    Source: Doorify MLS,MLS#: 10142426MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Heat Pump
      Cooling
      • Central Air, Heat Pump
      Appliances
      • Included: Dishwasher, Electric Range, Free-Standing Electric Range, Range
      • Laundry: Main Level
      Features
      • Ceiling Fan(s), Laminate Counters, Open Floorplan
      • Flooring: Carpet, Hardwood, Linoleum, Vinyl, Wood
      • Doors: French Doors
      • Common walls with other units/homes: 1 Common Wall,No Common Walls
      Interior area
      • Total structure area: 2,721
      • Total interior livable area: 2,721 sqft
      • Finished area above ground: 2,721
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Driveway, Open, Shared Driveway
      • Uncovered spaces: 4
      Features
      • Levels: One and One Half
      • Stories: 2
      • Patio & porch: Patio, Porch
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 0.91 Acres
      Details
      • Parcel number: 184119614694000 0325145
      • Zoning: UR
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Vinyl Siding
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2003

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Wake Forest

      Financial & listing details

      • Price per square foot: $182/sqft
      • Tax assessed value: $438,136
      • Annual tax amount: $4,145
      • Date on market: 7/6/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Lease term: Month To Month
      • Tenant pays: All Utilities

        Estimated market value

        $470,700

        $447,000 - $494,000

        $2,007/mo

        Price history

        DateEventPrice
        8/30/2026Pending sale$495,000$182/sqft
        Source: Doorify MLS #10142426 Report a problem
        7/6/2026Listed for sale$495,000$182/sqft
        Source: Doorify MLS #10142426 Report a problem
        6/19/2026Listing removed$495,000$182/sqft
        Source: Doorify MLS #10142426 Report a problem
        3/25/2026Pending sale$495,000$182/sqft
        Source: Doorify MLS #10142426 Report a problem
        1/21/2026Listed for sale$495,000-55%$182/sqft
        Source: Doorify MLS #10142426 Report a problem
        9/18/2024Listing removed$1,100,000$404/sqft
        Source: Doorify MLS #10051555 Report a problem
        9/9/2024Listed for sale$1,100,000$404/sqft
        Source: Doorify MLS #10051555 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,146 +0.4%$438,136
        2024$4,130 +23.7%$438,136 +54.3%
        2023$3,339 +4.2%$283,941
        2022$3,205 +1.8%$283,941
        2021$3,149 $283,941
        2020$3,149 +25.3%$283,941 +42.5%
        2019$2,513 $199,314
        2018$2,513 +9.2%$199,314
        2017$2,302 +1.3%$199,314
        2016$2,273 -4%$199,314 -2.9%
        2015$2,368 +3.3%$205,209
        2014$2,293 $205,209
        2013-- $205,209
        2012-- $205,209
        2011-- $205,209
        2010-- $205,209
        2009-- $205,209
        2008-- --
        2007-- --
        2006-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 27587

        Getting around

        65 / 100
        Somewhat Walkable
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Heritage Elementary
        • Middle: Wake - Heritage Middle
        • High: Wake - Wake Forest High School

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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