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    Wake Forest, NC
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    Wake Forest, NC Residential Income Properties for Sale

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    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
    Investment package offered with 425 Pearce Ave (MLS# 10142426) and 417 Pearce Ave (MLS# 10142424) for a combined $1,135,000 purchase price
    Three parcels totaling approx. 1.67 acres: two fully leased duplexes and one tenant‑occupied single‑family home for immediate rental income
    Single‑family home fronts Pearce Avenue and is currently leased; sold AS‑IS
    Zoned UR (Urban Residential), supporting redevelopment and expansion potential for the combined parcels
    Built in 1901 with vinyl siding and a metal roof
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    This listing looks promising.

    Here's a quick look at some key insights for

    421 Pearce Avenue, Wake Forest, NC 27587

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    • 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
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    Duplex with Fireplace
    Updated: Jul 29
    Duplex with Fireplace

    519 E Walnut Avenue, Wake Forest, NC 27587

    $299,900
    1,912 sqft 0.27 AC lot
    0.27‑acre lot and 1,912 SF duplex built in 1940
    Unit 1: three bedrooms, one full bath, large living room, kitchen/dining room
    Unit 2: one bedroom, one bathroom, kitchen and living room
    Central air plus natural gas forced‑air heating
    Fireplace included
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    Multi-Family Portfolio with Three Rentals
    Multi-Family Portfolio with Three Rentals

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

    $925,000
    1,200 sqft 1.01 AC lot

    Four separate lots include two ranch homes, a mobile home, and one vacant lot; three units are on month-to-month leases.

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    Three-Bedroom Duplex Investment Property
    Three-Bedroom Duplex Investment Property

    425 Pearce Avenue, Wake Forest, NC 27587

    $495,000
    2,721 sqft 0.91 AC lot

    Two fully leased duplexes plus a tenant-occupied single-family home in UR zoning with public water and sewer.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex with Deck and Central Air
    Duplex with Deck and Central Air

    417 Pearce Avenue, Wake Forest, NC 27587

    $465,000
    2,750 sqft 0.48 AC lot

    Zoned UR and built in 2006, this duplex offers public utilities, heat pump HVAC, and deck plus shared driveway access.

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    Based on your search, we've compiled 56 Potential Opportunities for your consideration. Besides 5 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.

    Townhouse Duo with Private Fenced Yard
    Townhouse Duo with Private Fenced Yard

    8031 Perry Creek Road, Raleigh, NC 27616

    $245,000
    1,428 sqft 0.10 AC lot

    Fully occupied townhouse duo on a private fenced yard with no HOA or yearly assessment fees.

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    Income-Generating Triplex with Pharmacy Tenant
    Income-Generating Triplex with Pharmacy Tenant

    502 McKnight Drive, Knightdale, NC 27545

    $1,300,000

    Triplex with three units, including a pharmacy tenant under a 5-year lease.

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    Under-Construction Apartment Community
    Under-Construction Apartment Community

    3712 Mineral Mill, Raleigh, NC 27616

    $5,750,000
    28,224 sqft

    R-4 zoned, under-construction apartment community with decked outdoor space and garage parking.

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    Knightdale Commercial Land For Sale
    Knightdale Commercial Land For Sale

    7713 Knightdale Boulevard, Knightdale, NC 27545

    $2,000,000
    4.43 AC lot

    4.43 acre commercial land parcel in Knightdale, North Carolina.

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    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.

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    Residential Development Land with Walkout Sites
    Residential Development Land with Walkout Sites

    Ralph Drive, Wake Forest, NC 27587

    $1,550,000
    20.54 AC lot

    Multi-parcel acreage with varied topography, mature woods, and a small creek that may support walkout basements.

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    Residential Lot in Wake Forest
    Residential Lot in Wake Forest

    11249 Jeffreys, Wake Forest, NC 27587

    $450,000
    3.89 AC lot

    3.89-acre residential lot, ideal for custom home and horses.

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    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

    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

    $6,830,000
    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

    $100,000
    Estimated value
    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

    $345,000
    Estimated value
    6.10 AC lot
    View details
    1311 Gilcrest Farm Rd
    MOBILE HOME PARK, TRAILER PARK

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

    $365,000
    Estimated value
    5.60 AC lot
    View details
    331 Franklin St
    GARDEN APT, COURT APT (5+ UNITS)

    331 Franklin St, Wake Forest, NC 27587-2659

    $4,235,000
    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

    $5,075,000
    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

    $26,380,000
    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

    $1,135,000
    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

    $59,500,000
    Estimated value
    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

    $3,910,000
    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

    $405,000
    Estimated value
    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
    102 Margie Cir, Unit 115
    MOBILE HOME PARK, TRAILER PARK

    102 Margie Cir, Wake Forest, NC 27587-6106

    Unit 115
    $340,000
    Estimated value
    4.90 AC lot
    View details
    811 Brewer Ave
    GARDEN APT, COURT APT (5+ UNITS)

    811 Brewer Ave, Wake Forest, NC 27587-2271

    $235,000
    Estimated value
    6,400 sqft 0.09 AC lot
    View details

    Wake Forest, NC Residential Income Properties Market Trends and Statistics

    Explore 48 residential income properties for sale in Wake Forest, NC, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 10,065 square feet of properties for sale, with an estimated market value of $2,359,900.

    Sale prices for residential income properties in Wake Forest, NC start at $175,000, averaging $471,980, and reaching up to $925,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 3
    Multifamily properties 3
    Single family properties 2

    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 $515K

    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

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