$300,000
About this home
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.
Property details
- MLS
- Doorify MLS
- MLS #
- 10159922
- Property type
- Single Family Residence
- Subdivision
- Not in a Subdivision
- Status
- Active
- Days on market
- 194
- On market date
- April 15, 2026
- Stories
- N/A
- Total bathrooms
- 1
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.34 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 902
- Student:teacher ratio
- 13.3:1
- District
- Wake County Schools
- Enrollment
- 1,157
- Student:teacher ratio
- 17.8:1
- District
- Wake County Schools
- Enrollment
- 2,076
- Student:teacher ratio
- 19.0:1
- District
- Wake County Schools
Walkability
Blended score for Fuquay Varina's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Fuquay Varina, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 31, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.