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$625,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1211374
HOA Y/N No
Year Built 1984
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Quadruplex
Source Triad MLS
Property Description
Investor opportunity in a strong Durham rental market. Four-unit townhome building with 3 units currently leased, providing immediate income. One unit is fully renovated and intentionally left vacant, offering flexibility to lease at market rates, use as an owner-occupied unit, or explore mid-term rental demand from nearby medical professionals. Townhome-style layouts and proximity to Duke University, Duke Hospital, Duke Regional, and major employment centers drive consistent rental interest. This property offers stable cash flow with room to increase returns through strategic rent adjustments. Convenient access to I-85, NC-147, retail, and transit. Ideal for investors seeking a value-add opportunity with strong fundamentals and long-term growth potential. Portfolio purchase opportunity available—ask listing agent for more information.
Location
State NC
County Durham
Interior
Heating Heat Pump, Electric
Cooling Central Air
Appliance Electric Water Heater
Laundry Washer/Dryer Connection
Exterior
Pool None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition Owner Sale
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Listed by Christian Courtney of GAC Management Group
Nearby Locations
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Jim Duncan
Associate Broker/Partner | License ID: 194088
Associate Broker/Partner License ID: 194088