502 1st Street, Apex, NC 27502

$220,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 1,032 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $220,000 List Date: 5/23/2026 Last Modified: 6/19/2026

Overview

Description

Here's your chance! Rare opportunity to secure a highly desirable lot within walking distance to Historic Downtown Apex. This property is ideal for builders, investors, or buyers looking to tear down and build new in one of Wake County's most in-demand areas. Existing home has already had asbestos professionally removed, and a new survey has been completed, saving time and upfront development costs. Enjoy the benefit of a walkable lifestyle with easy access to restaurants, coffee shops, breweries, parks, and year-round community events in downtown Apex. New construction in this area continues to see strong demand and premium resale value. Opportunities like this in the heart of Apex are limited.

Listing Details MLS# 10169454

General Property Information

Bedrooms Total: 2
Main Level Bedrooms YN: Yes
Main Level Bedrooms: 2
Bathrooms Total: Yes
Bathrooms Full: Yes
Above Grade Finished Area: 1032
Living Area: 1032
Enhanced Accessible: No
Year Built: 1940
Lot Size Acres: 0.12
Lot Size Square Feet: 5227
Association YN: No
Primary Residence YN: No
Basement YN: Yes
Stories: Yes
Senior Community YN: No
Horse YN: No
Below Grade Finished Area: 0
Total Unfinished Area: 0

Property Features

Architectural Style: Ranch; Traditional Association Amenities: None Basement: Crawl Space Construction Materials: Brick Cooling: None Fencing: None Flooring: None Foundation Details: Crawlspace Heating: Forced Air Horse Amenities: None Levels: One Lot Features: Back Yard; Front Yard; See Remarks Other Equipment: None Patio And Porch Features: Covered; Front Porch Pool Features: None Possession: Close Of Escrow Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Shingle Sales Options: Cash; Conventional Sewer: Public Sewer Special Listing Conditions: Standard Structure Type: House Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available Water Source: Public Showing Requirements: Appointment Only; Lockbox Room Types: Primary Bedroom

Contract Information

Original List Price: 220000
Listing Contract Date: 2026-05-23
Property Sub Type: Single Family Residence
Listing Agreement: Exclusive Right To Sell
Years Owned: 1 or More Year(s)
Property Leased YN: No
Original MLS: Triangle MLS Inc

Location Tax and Legal

Street Number: 502
Street Name: 1st
Street Suffix: Street
County: Wake
State Or Province: NC
Postal Code: 27502
Subdivision Name: Not in a Subdivision
Tax Annual Amount: 1738.47
Tax Year: 2025
Tax Assessed Value: 196824
Tax Legal Description: 502 First Street
Parcel Number: 074105294036000 0027184
Zoning: HD SF

Remarks and Miscellaneous

Syndication Remarks: Rare opportunity to secure a highly desirable lot within walking distance to Historic Downtown Apex. This property is ideal for builders, investors, or buyers looking to tear down and build new in one of Wake County's most in-demand areas. Existing home has already had asbestos professionally removed, and a new survey has been completed, saving time and upfront development costs. Enjoy the benefit of a walkable lifestyle with easy access to restaurants, coffee shops, breweries, parks, and year-round community events in downtown Apex. New construction in this area continues to see strong demand and premium resale value. Opportunities like this in the heart of Apex are limited.
Financial Remarks: List firm does not hold EM. Please submit pre-approval with offer.

Status Change Information

Major Change Timestamp: 2026-05-23T19:14:12Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-23

More Information

Subscriber Confirmation

Subscriber Created Text: Yes
Subscriber Took Photos: No

Room Types

Primary Bedroom Level: Main
Primary Bedroom: Yes

Location, Tax, and Legal

Lot Number: 502
Postal Code +4: 2018
Country: US
City Limits Of: Apex
Elementary School: Wake - Baucom Elementary
Middle Or Junior School: Wake - Apex Middle
High School: Wake - Apex High
School District Link: https://www.wcpss.net/
City Limits YN: Yes
Restrictive Covenants YN: No

Architectural Style

Ranch: Yes
Traditional: Yes

Association Amenities

None: Yes

Basement

Crawl Space: Yes

Construction Materials

Brick: Yes

Cooling

None: Yes

Fencing

None: Yes

Flooring

None: Yes

Foundation Details

Crawlspace: Yes

Heating

Forced Air: Yes

Horse Amenities

None: Yes

Levels

One: Yes

Lot Features

Back Yard: Yes
Front Yard: Yes
See Remarks: Yes

Other Equipment

None: Yes

Patio And Porch Features

Covered: Yes
Front Porch: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Shingle: Yes

Sales Options

Cash: Yes
Conventional: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Structure Type

House: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Sewer Available: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Lockbox: Yes

Room Information

Room Name	Level	Remarks
Primary Bedroom	Main	Unknown

Listing Office: Triangle Home Team Realty

Office Phone: 919-355-8063

Office Email: mikeproctor@trihometeam.com

Last Updated: June - 19 - 2026

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