1911 Morehead Avenue Active Save Request In-Person Tour Request Virtual Tour
Durham,NC 27707
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $222
Subdivision Not In A Subdivision
MLS Listing ID 10102040
Bedrooms 8
Full Baths 4
Year Built 1961
Annual Tax Amount $6,417
Lot Size 9,147 Sqft
Property Sub-Type Quadruplex
Property Description
Prime Durham Location Near Duke | Fully Leased Quad | 5.5% Cap Rate
Located less than a mile from Duke University, this fully leased, turnkey quadplex offers walkable convenience in one of Durham's most in-demand rental corridors. Major renovations completed in 2022-2023 include new HVAC systems, plumbing upgrades, and interior/exterior enhancements. Lower units (1911 & 1913) feature updated kitchens with IKEA cabinetry, butcher block counters, new appliances, tiled baths, custom desks, and washer/dryer installs. Upper units (1915 & 1917) include walk-in showers, vinyl flooring, refinished hardwoods, and updated finishes. Strong in-place rents and a 5.5% cap rate make this an ideal low-maintenance investment.
Location
State NC
County Durham
Interior
Heating Electric,Forced Air
Cooling Central Air
Flooring Hardwood
Exterior
View Y/N Yes
Roof Type Shingle
Building
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
New Construction No
Others
Special Listing Condition Standard