Description
Three-parcel assemblage totaling 0.57 acres near downtown Durham offers exceptional flexibility for investment and redevelopment. The existing house is leased for steady rental income while you finalize future plans. Residential Permitted: Durham Planning confirms multifamily and townhomes are allowed across all three parcels. Total unit count is determined by your site design. Commercial Permitted: The CG-zoned parcels also allow for commercial builds, offering excellent mixed-use flexibility. Located just minutes from Duke University and downtown's top dining, entertainment, and employment hubs, this property presents a rare opportunity for immediate cash flow and high-density growth in a rapidly expanding corridor.
Details
| MLS # | 10197970 |
|---|---|
| Listing Type | For Lease |
| Style | House |
| Status | Active |
| Year | 1996 |
| Days On Site | 51 |
| Listing Provided By | West & Woodall Real Estate - D | Ace Wang |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,027 |
| Story(s) | 1 |
| Zoning | RU-M |
| Acreage | 0.57 |
Interior
| Interior Features | Ceiling Fan(s), Chandelier, Crown Molding, Stone Counters, Master Downstairs |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Ceiling Fan(s) |
| Laundry Features | Inside, In Kitchen |
| Rooms Total | 4 |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Roof | Shingle |
| Foundation Details | Slab |
| Community Features | Suburban |
| Construction Materials | Wood Siding |
| Security Features | Security System |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, On Street, Parking Pad |
Location
| Community Features | Suburban |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 444708 |
|---|---|
| Tax Legal Description | PROP-ROBERTS DEBORAH B PL:000000-000000 |
| Tax Year | 2025 |
Other
| Accessibility Features | No |
|---|
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| School District | Durham - Riverside High |
| Elementary School | Durham - George Watts Elementary |
| High School | Durham - Riverside High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $700,000 low | high Med: $308,000 sqft: 1,027 low | high Med: 1,605 $ / sqft: $682 low | high Med: $192 On site: 51 low | high Med: 11 | |
Market Activity 27701
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Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| School District | Durham - Riverside High |
| Elementary School | Durham - George Watts Elementary |
| High School | Durham - Riverside High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $700,000 low | high Med: $308,000 sqft: 1,027 low | high Med: 1,605 $ / sqft: $682 low | high Med: $192 On site: 51 low | high Med: 11 | |