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    Wake Forest, NC
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    Wake Forest, NC Single Family Properties for Sale

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    Raleigh, NC Youngsville, NC Rolesville, NC Franklinton, NC Louisburg, NC Zebulon, NC Creedmoor, NC Wendell, 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
    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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    Multi-Family Portfolio with Three Rentals
    Updated: Nov 16, 2025
    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
    4 separate lots included with two houses and a mobile home; some structures are currently rented on a month‑to‑month lease
    1958‑built home with aluminum siding, brick veneer, and vinyl siding, plus a shingle roof
    Heating provided by a heat pump and cooling includes central air
    Utilities: well water and septic tank sewer system
    Parking includes a carport
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    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.

    View details
    Lakefront Land Lot with Dock
    Lakefront Land Lot with Dock

    1607 Sagamore Drive, Louisburg, NC 27549

    $239,900
    0.18 AC lot

    Lakefront lot in a gated community with a dock, public water, and septic tank service.

    View details
    Lakefront Land Parcel with Residence
    Lakefront Land Parcel with Residence

    1583 Sagamore Drive, Louisburg, NC 27549

    $249,900
    0.18 AC lot

    Lakefront parcel in a gated golf-lake community with direct water access, a dock system, and a furnished two-bedroom home.

    View details
    Golf Course Back Lot
    Golf Course Back Lot

    7015 Litchford Road, Raleigh, NC 27615

    $499,000
    0.48 AC lot

    Nearly half-acre residential lot backs the 11th tee of a golf course, with city water and sewer and driveway access off Litchford Road.

    View details

    Wake Forest, NC Single Family Properties Market Trends and Statistics

    Explore 2 single family properties for sale in Wake Forest, NC on our real estate platform. These investment opportunities span a total of 2,682 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for single family properties in Wake Forest, NC start at $175,000, averaging $550,000, 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 $550K

    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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