Description
Old West Durham duplex at 1008 Alabama Avenue in Durham, N.C. The property features one-bedroom units and offers an attractive opportunity for investors seeking both in-place income and value-add potential. One unit has been recently updated and is leased for $1,000 per month (lease expiration Aug-26). The second unit is vacant, providing an opportunity for immediate upside through lease-up to market rents and value-add renovations. The vacancy also presents an excellent opportunity for an owner-occupant seeking to live in one unit while generating income from the other. Located in Durham's desirable Old West Durham neighborhood, the property is positioned within an area that has experienced significant revitalization through new infill development and high-end residential renovations. The neighborhood's proximity to Downtown Durham, Duke University, and major employment centers continues to drive strong rental demand and long-term investment growth, making 1008 Alabama Avenue a compelling opportunity in one of the Triangle's most sought-after neighborhoods.
Details
| MLS # | 10166156 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1930 |
| Days On Site | 109 |
| Listing Provided By | Deaton Investment Real Estate | Thomas Furlow |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,008 |
| Story(s) | 1 |
| Zoning | R-3 |
| Acreage | 0.12 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Window Unit(s) |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Crawlspace |
| Construction Materials | Wood Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, On Street |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 345962 |
|---|---|
| Tax Legal Description | Prop-Andrews J B Est Resu B/Lt#02 Pl:00018A-000024 |
| Tax Year | 2025 |
| Tax Map Number | 02 |
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27705 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $340,000 low | high Med: $399,000 sqft: 1,008 low | high Med: 2,328 $ / sqft: $337 low | high Med: $171 On site: 109 low | high Med: 155.5 | |
Market Activity 27705
Request a showing
Request a showing
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27705 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $340,000 low | high Med: $399,000 sqft: 1,008 low | high Med: 2,328 $ / sqft: $337 low | high Med: $171 On site: 109 low | high Med: 155.5 | |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
