$329,000
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 #
- 10159922
- Property type
- Single Family Residence
- Subdivision
- Not in a Subdivision
- Status
- Active
- Days on market
- 135
- 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 · public school directory data (NCES)
- 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
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated July 18, 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.