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.
9 categories
Near 602-604 Faucette Street · Fuquay Varina, NC 27526
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
What nearby homes sold for, the full listing history, the neighborhood numbers — that’s the homework we do on every home before you make a move.


Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.
Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.
Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.