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417 Pearce Ave - Multifamily- Possible Redevelopment site 5 Unit Apartment Building Offered at $1,300,000 Wake Forest, NC 27587

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EXECUTIVE SUMMARY

Two duplexes and one single family home (5 total units) available in the heart of downtown Wake Forest. Each duplex is 2600 total sq ft and built in 2004. The single family home is 1482 sq. ft. and built in the 1920’s. The three parcels total 1.68 acres. Tenants have been in place for many years. Seller is open to a buyer purchasing only one or two of the properties, and not all three properties if preferred. The combined properties have infill development potential. The total offering consists of the properties at 417, 419, 421, 425 & 427 Pearce Street in Wake Forest. Please contact Eddie Speas at 919-414-2580 for more detail.

PROPERTY FACTS

Price $1,300,000
Price Per Unit $260,000
Sale Type Investment
No. Units 5
Property Type Multifamily
Apartment Style Low-Rise
Building Class B
Lot Size 0.67 AC
Building Size 4,205 SF
Average Occupancy 100%
No. Stories 2
Year Built 2004
Zoning UR - Urban Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walking/Biking Trails
  • Smoke Detector
  • Listing ID: 37046062

  • Date on Market: 7/31/2025

  • Last Updated:

  • Address: 417 Pearce Ave, Wake Forest, NC 27587

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