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602-604 Faucette Street, Fuquay Varina, NC 27526

3 beds · 1 baths · 1,296 sq ft

$300,000

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Detailed Facts & Features

Interior

Bedrooms & bathrooms

  • Bedrooms3
  • Bathrooms1
  • Full bathrooms1
  • Main level bedrooms3

Appliances

  • IncludedNone

Features

  • FlooringLaminate

Interior area

  • Total structure area1,296 sq ft
  • Livable area1,296 sq ft
  • Above ground1,296 sq ft
  • Below ground0 sq ft

Heating & cooling

  • HeatingCentral
  • CoolingNone

Property

Parking

  • Total spaces4
  • Parking featuresNo garage, parking lot
  • Uncovered spaces4

Lot

  • Size0.34 acres
  • FeaturesCity lot

Structure

  • LevelsOne
  • Stories1

Details

  • Parcel number0000912
  • ZoningRLD
  • Special conditionsStandard

Construction

Type & style

  • Home typeSingle family
  • Architectural styleRanch
  • SubtypeSingle family residence

Condition

  • ConditionFixer, to be built
  • New constructionNo
  • Year built1920

Materials

  • FoundationBlock
  • RoofOther

Utilities & Green Energy

Utilities

  • SewerPublic sewer
  • WaterPublic

Community & HOA

HOA

  • Has HOANo

Location

  • RegionFuquay-Varina

Financial & Listing Details

Pricing

  • Price per sq ft$231
  • Tax assessed value$288,079
  • Annual tax amount$2,560

Terms

  • Date on market4/15/2026
  • Listing agreementExclusive right to sell
  • Listing termsCash

Property details

Bedrooms
3
Bathrooms
1
Interior area
1,296 sq ft
Year built
1940

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 ValueNearby 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 nearbyMultiple sales in the $500K-$575K rangeEven 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.

Features & amenities

  • 2 Dwellings, 1 Parcel
  • 2 Minutes from Downtown
  • 8 Minutes from the new Target

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