421 Pearce Ave
Wake Forest, NC 27587
3 Beds
2 Baths
1,482 sqft (on 0.28 acres)
3 Beds
2 Baths
1,482 sqft
(on 0.28 acres)
We estimate this home will sell faster than 96% nearby.
Home Highlights
Parking
4 Open Spaces
Climate Control
Heating & Cooling
Price/Sqft
$118
Listed
20 days ago
Local Information
- Map ViewExplore the area around 421 Pearce Ave.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 425 Pearce Avenue (MLS# 10142426) and 417 Pearce Avenue (MLS# 10142424) for a combined purchase price of $1,135,000, this exceptional investment package presents a unique opportunity in the heart of downtown Wake Forest. The offering includes three parcels totaling approximately 1.67 acres, featuring two fully leased duplexes and one tenant-occupied single-family home, providing immediate rental income with significant long-term upside. Zoned UR (Urban Residential), the properties offer outstanding redevelopment and expansion potential in one of Wake Forest's fastest-growing and most desirable locations. This single-family home fronts Pearce Avenue and is currently leased, making it an income-producing asset today with excellent potential for future redevelopment as a standalone parcel or in combination with the adjacent duplex properties. Just a few blocks from the vibrant downtown district, the property is within close proximity of local restaurants, shopping, parks, and community amenities. With strong existing cash flow, flexible Urban Residential zoning, and a premier location in downtown Wake Forest, this is a great opportunity for investors and developers seeking both immediate returns and future growth potential. House is being sold AS-IS
We estimate this home will sell faster than 96% nearby.
Home Details for 421 Pearce Ave
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1482 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Sewer Connected, Water Connected |
Heating & Cooling Heating: Space Heater, NoneHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Space Heater |
Windows, Doors, Floors & Walls Flooring: Wood |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Wood |
View Has a View |
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Exterior Home Features Roof: MetalNo Private Pool |
Parking & Garage Open Parking Spaces: 4No Attached GarageHas Open ParkingParking Spaces: 4Parking: Open |
Frontage Road Frontage: City StreetRoad Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1482 Square Feet |
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Days on Market: 20 |
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Year Built Year Built: 1901 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Single Family Residence, Multi FamilyStructure Type: Site BuiltArchitecture: Site Built |
Building Construction Materials: Vinyl SidingNot a New Construction |
Property Information Parcel Number: 184119612589000 0036997 |
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Price List Price: $175,000Price Per Sqft: $118 |
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MLS Status: Active |
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Direction & Address City: Wake ForestCommunity: Not in a Subdivision |
School Information Elementary School: Wake - Heritage ElementaryJr High / Middle School: Wake - Heritage MiddleHigh School: Wake - Wake Forest High School |
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Listing Agent Listing ID: 10178234 |
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Building Area Building Area: 1482 Square Feet |
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No HOA |
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Lot Area: 0.28 acres |
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Special Conditions: Standard |
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Mls Number: 10178234Above Grade Unfinished Area: 1482 |
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Source Internet Entire Listing Display |
Last check for updates: about 3 hours ago
Listing courtesy of Melissa Gordon, (919) 614-6878
Coldwell Banker Advantage
Fred Gordon, (919) 815-8867
Coldwell Banker Advantage
Source: Doorify MLS, MLS#10178234
Also Listed on Doorify MLS.
Market trends in Wake Forest
Last updated June 2026
Avg. sale price
$545K
$15.71KMoM
Sale-to-List Price
98.7%
Price per sq ft
$214
$4MoM
Available listings
523
5MoM
Price History for 421 Pearce Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/06/2026 | $175,000 | Listed For Sale | Doorify MLS #10178234 |
| 09/18/2024 | $1,100,000 | ListingRemoved | Doorify MLS #10051550 |
| 09/09/2024 | $1,100,000 | Listed For Sale | Doorify MLS #10051550 |
| 01/24/2000 | $15,000 | Sold | N/A |
| 05/05/1999 | $79,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,657 |
| Assessment | $174,676 |
Home facts updated by county records
Comparable Sales for 421 Pearce Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.66 | Multi-Family Home | $425,000 | 06/15/26 | 4 | 2 | 1,734 | |
5.87 | Multi-Family Home | $483,220 | 07/31/25 | 5 | 3 | 3,252 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 421 Pearce Ave.
- Wake Forest High School
- 9-12
- Public
- 1952 Students
7/10GreatSchools RatingParent Rating AverageI spent all 4 years at this high school, and my experience is kind of iffy. Yes, there were some good teachers, but other teachers at this school were horrible. The teacher's use some of the same methods of teaching that were used during the covid years, just showing videos and not explaining or going over what was learned. The environment is not welcoming and fights happen every week at the school, providing an unsafe environment for students there actually trying to learn. The school also only prepares you for college if you are staying in-state, if you're planning on going to an out of state school, nobody is going to help you. The school will also prioritize the students doing well in classes and not give an equal opportunity to students having problems learning, some teachers only teaching in a way that is made to help certain types of students learn (like type a learners). In addition to the horrible education at this school, the funding for programs goes mainly to athletics, leaving little to no money for other programs. Overall, I would not recommend a parent looking to send their child to this school unless they are looking to emotionally traumatize them.Other Review2y ago - Heritage Elementary
- PK-5
- Public
- 621 Students
9/10GreatSchools RatingParent Rating AverageParents should focus less of schools overall education performance numbers and focus on the diversity rate percentages. There’s a reason Wake Forest Heritage Elementary is 18% Black and/African American.Parent Review10mo ago - Heritage Middle
- 6-8
- Public
- 974 Students
10/10GreatSchools RatingParent Rating AverageI went to this school for all of my middle school year. It was amazing. Especially being on Track 4. All of the 8th grade teachers were so memorible and amazing. Send your kid to this school if you want them to have a great education, great principles, good environment, and teachers who feel like mothers and fathers too you. Ms. Kithcart was an amazing teacher and I absolutely adore her. The admin are tough but they are nice as well. The only major thing that I felt like I had a problem here with was the students. Some of them were very cocky and thought they were better than everyone else. They ignored me and through me aside like trash. However, aside from that this is a great school and I highly recommend it to anyone who wants a great education. And run track for Coach Moyer amazing coach.Other Review2y ago 
Check out schools near 421 Pearce Ave.
What Locals Say about Wake Forest
At least 407 Trulia users voted on each feature.
94 % Say car is needed
93 % Say it's dog friendly
87 % Say parking is easy
83 % Say there's holiday spirit
80 % Say people would walk alone at night
79 % Say yards are well-kept
76 % Say kids play outside
75 % Say there are sidewalks
73 % Say it's quiet
68 % Say streets are well-lit
64 % Say neighbors are friendly
59 % Say they plan to stay for at least 5 years
58 % Say there's wildlife
49 % Say there are community events
36 % Say it's walkable to restaurants
33 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Melissa Gordon, Coldwell Banker Advantage
Agent Phone: (919) 614-6878
The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.
421 Pearce Ave, Wake Forest, NC 27587 is a 3 bedroom, 2 bathroom, 1,482 sqft multi-family built in 1901. This property is currently available for sale and was listed by Doorify MLS on Jul 6, 2026. The MLS # for this home is MLS# 10178234.