Bought with The Alston Real Estate Group
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Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,490 sqft
Price per Sqft $228
Subdivision Not In A Subdivision
MLS Listing ID 10095867
Sold Date 09/12/25
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 1,490
Year Built 1958
Annual Tax Amount $2,579
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Duplex
Source Triangle MLS
Property Description
Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years)
Location
State NC
County Durham
Interior
Heating Electric
Cooling Window Unit(s)
Flooring Hardwood, Tile, Vinyl
Exterior
View Y/N Yes
Roof Type Shingle
Private Pool No
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 0831198918
Special Listing Condition Standard
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