Advertise
    Wake Forest, NC
    Residential Income

    Wake Forest, NC Residential Income Properties for Sale

    Notify Me
    List
    Map
    Raleigh, NC Youngsville, NC Rolesville, NC
    7 properties
    Sort:
    Leased Single-Family Income Home
    Updated: Jul 6
    Leased Single-Family Income Home

    421 Pearce Avenue, Wake Forest, NC 27587

    $175,000
    1,482 sqft · 0.28 AC lot
    Single‑family home with 3 bedrooms and 2 bathrooms; sold AS‑IS
    Part of a downtown Wake Forest investment package: 3 parcels totaling approx. 1.67 acres
    Package includes two fully leased duplexes and one tenant‑occupied single‑family home for immediate rental income
    Zoned UR (Urban Residential) for investment and redevelopment/expansion potential
    Built in 1901 with vinyl siding, wood flooring, and a metal roof
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    421 Pearce Avenue, Wake Forest, NC 27587

    View Property Analytics

    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $217K
      Above asking

    • Property Type

      Single Family Residence
      Built 1901
    View Property Analytics
    Multi-Family Redevelopment Opportunity
    Updated: Jan 21
    Multi-Family Redevelopment Opportunity

    417 Pearce Avenue, Wake Forest, NC 27587

    $465,000
    2,750 sqft · 0.48 AC lot
    Offered with 425 Pearce Ave (MLS# 10142426) and 421 Pearce Ave (MLS# 10178234) for a combined purchase price of $1,135,000
    Three parcels totaling approximately 1.67 acres with two fully leased duplexes and one tenant‑occupied single‑family home
    Duplex units offer 3 bedrooms and 2 full bathrooms, with two bedrooms on the main level and one upstairs
    Almost 1/2‑acre lot with access to Pearce Avenue and a shared driveway with the neighboring duplex
    Zoned UR (urban residential) to support redevelopment and expansion opportunities
    View details
    3-Bed Duplex with Tenant Income
    3-Bed Duplex with Tenant Income

    425 Pearce Avenue, Wake Forest, NC 27587

    $495,000
    2,721 sqft · 0.91 AC lot

    Two fully leased duplex units with refreshed interiors offer residential income on a parcel with Pearce Avenue access.

    View details
    Wake Forest Multifamily Investment Opportunity
    Wake Forest Multifamily Investment Opportunity

    12329 Old Falls Of Neuse Road, Wake Forest, NC 27587

    $925,000
    1,200 sqft · 1.01 AC lot

    Four lots with homes and mobile home near Wakefield High.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Duplex with Wood-Burning Fireplace
    Duplex with Wood-Burning Fireplace

    411 W Oak Avenue, Wake Forest, NC 27587

    $260,000
    1,559 sqft · 0.03 AC lot

    Three-level duplex offers fireplace living space and easy access to Joyner Park and downtown Wake Forest.

    View details
    Wake Forest Development Opportunity
    Wake Forest Development Opportunity

    306 S Allen Road, Wake Forest, NC 27587

    $1,500,000
    23,438 sqft · 2.75 AC lot

    2.75 acres with approved site plan for 31 apartments.

    View details
    Luxury Townhome Backing to Greenway
    Luxury Townhome Backing to Greenway

    1328 Bessie Court, Wake Forest, NC 27587

    $359,900
    1,820 sqft · 0.04 AC lot

    End-unit townhome with greenway access in Wake Forest neighborhood.

    View details
    Based on your search, we've compiled 58 Potential Opportunities for your consideration. Besides 7 Active listings in Wake Forest, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 43 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-House Residential Income Parcel
    Three-House Residential Income Parcel

    8508 Buffaloe Road, Knightdale, NC 27545

    $379,900
    3,152 sqft · 2.23 AC lot

    Three houses on one RT-zoned parcel offered as-is, including one livable home and two others needing work.

    View details
    Updated Duplex Income Property
    Updated Duplex Income Property

    8025 Perry Creek Road, Raleigh, NC 27616

    $250,000
    1,437 sqft · 0.10 AC lot

    Recently updated duplex is fully occupied with 3 bed, 3 bath units and interior finishes including granite countertops.

    View details
    Bundled Townhome Portfolio for Sale
    Bundled Townhome Portfolio for Sale

    3712 Mineral Mill, Raleigh, NC 27616

    $5,750,000
    28,224 sqft

    Bundled three-bedroom townhomes with decks and one-car garages offered as a single purchase.

    View details
    Luxury Townhome in Forestville Village
    Luxury Townhome in Forestville Village

    530 Billingshurst Way, Knightdale, NC 27545

    $399,900
    2,045 sqft · 0.04 AC lot

    Spacious 4-bed, 3.5-bath townhome with exceptional living space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wake Forest Land Opportunity
    Wake Forest Land Opportunity

    685 N Allen Road, Wake Forest, NC 27587

    $79,990
    0.18 AC lot

    Residential lot available in downtown Wake Forest.

    View details
    2.36 Acres Wooded Parcel
    2.36 Acres Wooded Parcel

    13 Martindale Drive, Youngsville, NC 27596

    Contact for pricing
    2.36 AC lot

    Wooded 2.36-acre parcel in a growing area.

    View details
    Land For Sale
    Land For Sale

    195 Owl Drive, Youngsville, NC 27596

    $252,000

    Land available for sale in Franklin County.

    View details
    Estate Homesite in Raleigh Enclave
    Estate Homesite in Raleigh Enclave

    1121 Erins Way Lane, Raleigh, NC 27614

    $550,000
    1.89 AC lot

    1.89-acre homesite for custom estate in North Raleigh.

    View details

    Off-Market Properties in Wake Forest, NC

    Consider similar Off-Market properties in Wake Forest, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    612 Ridgetop Way
    GARDEN APT, COURT APT (5+ UNITS)

    612 Ridgetop Way, Wake Forest, NC 27587-5520

    $1,085,000
    Estimated value
    11,768 sqft · 11.99 AC lot
    View details
    531 Granite Grv Loop
    GARDEN APT, COURT APT (5+ UNITS)

    531 Granite Grv Loop, Wake Forest, NC 27587-3770

    $3,315,000
    Estimated value
    34,419 sqft · 14.03 AC lot
    View details
    1000 Wait Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1000 Wait Ave, Wake Forest, NC 27587-7677

    $6,695,000
    Estimated value
    4,656 sqft · 4.67 AC lot
    View details
    11050 Ligon Ml Rd
    GARDEN APT, COURT APT (5+ UNITS)

    11050 Ligon Ml Rd, Wake Forest, NC 27587-3327

    $1,840,000
    Estimated value
    25,920 sqft · 1.60 AC lot
    View details
    3229 Quarry Rd
    MOBILE HOME PARK, TRAILER PARK

    3229 Quarry Rd, Wake Forest, NC 27587-6930

    Value Estimation by Request
    540 sqft · 0.51 AC lot
    View details
    13005 Bold Run Hl Rd
    MOBILE HOME PARK, TRAILER PARK

    13005 Bold Run Hl Rd, Wake Forest, NC 27587-8001

    Value Estimation by Request
    6.10 AC lot
    View details
    1311 Gilcrest Farm Rd
    MOBILE HOME PARK, TRAILER PARK

    1311 Gilcrest Farm Rd, Wake Forest, NC 27587-7002

    Value Estimation by Request
    5.60 AC lot
    View details
    331 Franklin St
    GARDEN APT, COURT APT (5+ UNITS)

    331 Franklin St, Wake Forest, NC 27587-2659

    $4,165,000
    Estimated value
    10,890 sqft · 3.50 AC lot
    View details
    1423 Deerfield Xing Dr
    MOBILE HOME PARK, TRAILER PARK

    1423 Deerfield Xing Dr, Wake Forest, NC 27587

    $4,695,000
    Estimated value
    36.00 AC lot
    View details
    817 Stadium Dr
    GARDEN APT, COURT APT (5+ UNITS)

    817 Stadium Dr, Wake Forest, NC 27587-8752

    $20,515,000
    Estimated value
    5,964 sqft · 11.04 AC lot
    View details
    219 Ws Ave
    GARDEN APT, COURT APT (5+ UNITS)

    219 Ws Ave, Wake Forest, NC 27587-2541

    $1,010,000
    Estimated value
    6,169 sqft · 0.21 AC lot
    View details
    1801 Capital Crk Dr
    GARDEN APT, COURT APT (5+ UNITS)

    1801 Capital Crk Dr, Wake Forest, NC 27587-4524

    Value Estimation by Request
    38,372 sqft · 14.95 AC lot
    View details
    343 Oak Ave
    GARDEN APT, COURT APT (5+ UNITS)

    343 Oak Ave, Wake Forest, NC 27587-2174

    $3,475,000
    Estimated value
    3,072 sqft · 1.36 AC lot
    View details
    1710 Alexander Spgs Ln
    GARDEN APT, COURT APT (5+ UNITS)

    1710 Alexander Spgs Ln, Wake Forest, NC 27587-3992

    $30,010,000
    Estimated value
    20,700 sqft · 17.33 AC lot
    View details
    510 Coastal Cres
    GARDEN APT, COURT APT (5+ UNITS)

    510 Coastal Cres, Wake Forest, NC 27587-3110

    $2,005,000
    Estimated value
    21,219 sqft · 19.06 AC lot
    View details
    608 Main St
    BOARDING/ROOMING HOUSE

    608 Main St, Wake Forest, NC 27587-2805

    Value Estimation by Request
    5,508 sqft · 0.69 AC lot
    View details
    441 Stone Monument Dr
    GARDEN APT, COURT APT (5+ UNITS)

    441 Stone Monument Dr, Wake Forest, NC 27587-3340

    $2,545,000
    Estimated value
    35,292 sqft · 3.21 AC lot
    View details

    Wake Forest, NC Residential Income Properties Market Trends and Statistics

    Explore 50 residential income properties for sale in Wake Forest, NC, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 34,970 square feet of properties for sale, with an estimated market value of $4,179,900.

    Sale prices for residential income properties in Wake Forest, NC start at $175,000, averaging $597,128, and reaching up to $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Single family properties 2
    Apartment buildings 1
    Mobile home & RV parks 1

    Demographics Overview

    Population 82K
    Population Growth (5Y) +23.0%
    Median Household Income $125,607
    College Educated 39.2%

    High-Yield Neighborhoods for Investment

    Identify Wake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    27587 $761.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.05%
    Property Tax per SF $9.36 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Wake County

    Residential Income

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Wake Forest, NC

    Popular Categories

    Most Searched ZIP Codes in Wake Forest, NC

    • 27587

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!