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    Wake Forest, NC
    Single-Family

    Wake Forest, NC Single Family Properties for Sale

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    Raleigh, NC Youngsville, NC Rolesville, NC
    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
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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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    Wake Forest Multifamily Investment Opportunity
    Updated: Nov 16, 2025
    Wake Forest Multifamily Investment Opportunity

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

    $925,000
    1,200 sqft · 1.01 AC lot
    4 separate lots included: two houses and a mobile home, with three properties currently on month‑to‑month leases
    One home was built in 1958
    Utilities include well water and septic tank sewer
    Heating and cooling: heat pump heating with central air conditioning
    Exterior materials include aluminum siding, brick veneer, and vinyl siding; roof is shingle
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    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.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Wake Forest, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Two-Home Residential Income Portfolio
    Two-Home Residential Income Portfolio

    1111 Midland Terrace, Durham, NC 27704

    $400,000
    1,802 sqft · 0.31 AC lot

    Two attached residential units with updated interiors and an oversized detached garage on a single parcel.

    View details
    Historic Victorian Duplex Residence
    Historic Victorian Duplex Residence

    409 Oakwood Avenue, Raleigh, NC 27601

    $795,000
    2,585 sqft · 0.16 AC lot

    Historic two-story side-hall-plan frame property on a 0.16-acre lot, with period exterior details and multi-unit history.

    View details
    Multifamily Investment Opportunity Near Duke
    Multifamily Investment Opportunity Near Duke

    927 Berkeley Street, Durham, NC 27705

    $390,000
    1,795 sqft · 0.16 AC lot

    Multifamily property with redevelopment potential in Durham's Walltown neighborhood.

    View details
    Leased Townhome Income Property
    Leased Townhome Income Property

    610 Rocky Knob Court, Raleigh, NC 27610

    $599,000
    2,300 sqft

    Modern 4BR/4BA townhome is leased through March 31, 2027, with in-unit washer/dryer and rooftop terrace.

    View details

    Wake Forest, NC Single Family Properties Market Trends and Statistics

    Explore 3 single family properties for sale in Wake Forest, NC, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,241 square feet of properties for sale, with an estimated market value of $1,360,000.

    Sale prices for single family properties in Wake Forest, NC start at $175,000, averaging $453,333, 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

    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 $592.5K

    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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