$350,000

602-604 Faucette Street, Fuquay Varina, NC 27526

3 beds |
1 bath |
1,296 sqft

Single-Family Home
Built in 1920
0.34acre lot
—— car garage
$270/sqft
Listed 1 month ago

Property Description

Development Opportunity in Fuquay-Varina - Two Structures on One Parcel! Rare opportunity to own 602 & 604 Faucette St, featuring two dwelling units on one parcel in a rapidly growing area near downtown Fuquay-Varina. Ideal for investors, builders, or developers looking for a tear-down and new construction project with strong upside potential. 604 Faucette St offers 3 bedrooms and 1 bathroom and is the only heated structure. The second unit (602) is unheated and adds additional value for redevelopment. The property has been tenant-occupied for approximately 13 years, the seller has never lived in the property, and it is now vacant and ready for the right investor. Sold AS-IS. Strong Comparable Sales Support Future Value Nearby properties have recently sold between the $400Ks and $700Ks, highlighting the potential of new construction in the area, including: Homes selling up to $750,000 nearby Multiple sales in the $500K-$575K range Even smaller homes reaching $400K+ This makes the property a compelling opportunity for those looking to build and capitalize on rising values. Potential for Town Center Residential (TCR) positioning adds long-term development flexibility and increased value potential. Conveniently located near downtown Fuquay-Varina, shopping, dining, and major roadways, in an area experiencing continuous growth and redevelopment. Cash purchase only.

Listing Status:: Active
Date Added:: March 3, 2026
Data Last Updated:: April 16, 2026 at 6:06PM
Listing Office:: Excellence Realty Elevating Yo : 919-670-7041
Listing Agent:: Diana Harbi : 919-670-7041
MLS ID:: 10159922

Appliances: None
Flooring: Laminate
A/C: None
Heating: Central

Style: Ranch
Parking: No GarageParking Lot

Roofing: Other
General: Other1Block

Road/Access: City Street
Originating MLS: Triangle MLS
County: Wake

Zoning: RLD0000912
View: View

Water: Public
Sewer: Public Sewer

Source: Triangle MLS

This listing courtesy of Diana Harbi , Excellence Realty Elevating Yo

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lincoln Heights Elementary School

307 Bridge St, Fuquay Varina, NC, 27526

Grades PK-5

0.96 miles away

Fuquay-Varina Middle School

109 N Ennis St, Fuquay Varina, NC, 27526

Grades 6-8

0.36 miles away

Willow Spring High School

1704 Old Honeycutt Rd, Fuquay Varina, NC, 27526

Grades 9-12

3.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.