1105 Morehead Avenue, Durham, NC 27707

Durham
Local realty services provided by:ERA Strother Real Estate
1105 Morehead Avenue,Durham, NC 27707
$237,500
  • 4 Beds
  • 2 Baths
  • 1,600 sq. ft.
  • Multi-family
  • Pending
Listed by: thomas furlow
Office: deaton investment real estate
MLS#:10174164
Source:RD

Price summary

  • Price:$237,500
  • Price per sq. ft.:$148.44

About this home

This duplex presents an opportunity to acquire an entry-level multifamily investment in Durham at a basis well below recent duplex sales in the surrounding market. New roof in 2024. The property features 2-bedroom units on each side. One unit is occupied at $735/month providing in-place income and the second unit vacant and ready for renovation and lease-up. This tenant is on a month-to-month lease and originally occupied in 2022. Investors can improve the vacant side while offsetting carrying costs through existing rental income, creating a clear path to increased cash flow and long-term value through stabilization of both units. Projected market rents are $1150 per unit. Selling ''as is''

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Home facts

  • Year built:1975
  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10174164
  • Added:45 day(s) ago
  • Updated:July 31, 2026 at 07:52 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Luxury Vinyl, Vinyl
  • Living area:1,600 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Baseboard Heat

Structure and exterior

  • Roof:See Remarks, Shingle
  • Year built:1975
  • Building area:1,600 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Engineered Wood
  • Levels:One

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$237,500
  • Price per sq. ft.:$148.44
  • Tax amount:$3,311

Features and amenities

  • Laundry features:Washer Hookup

Parking

  • Parking description:Driveway
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