$414,000

Estimated payment $2,543/month

Total Views 2,740
4 Beds
2 Baths
1,612 Sq Ft
$257 Price per Sq Ft

Highlights

  • Wood Flooring
  • End Unit
  • No HOA
  • Lakewood Montessori Middle School Rated A-
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

Turnkey brick duplex in Durham's sought-after Lakewood Park neighborhood offering immediate cash flow. Both units are occupied with separately-metered, tenant-paid utilities. Each unit features hardwood floors, granite countertops, stainless steel appliances, tile tub surrounds, and in-unit laundry hookups. Separate entrances, individual porches, separate water heaters per unit, and off-street parking round out this well-appointed, low-maintenance asset. Roof is in great condition. Currently generating $2,670/month ($32,040/year) in gross rent with both tenants eligible for auto-renewal. Professionally managed and well maintained. Positioned just 6 minutes from downtown Durham, 4 minutes from Duke University, 16 minutes from RDU International Airport, and 18 minutes from Chapel Hill, this location ensures consistent rental demand. This property is being offered as a package with 1214 Rosedale Avenue (MLS #10164203; listed at $406,000) for a combined asking price of $820,000. This is an uncommon opportunity to acquire two turnkey income-producing duplexes on the same street.

Listing Agent

Brandon Vanderford

Redwood Properties LLC License #320571 Listed on: 06/09/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,684

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • End Unit
  • No Units Located Below
  • No Unit Above or Below
  • 1 Common Wall
  • East Facing Home

Home Design

  • Brick Veneer
  • Shingle Roof

Interior Spaces

  • 1,612 Sq Ft Home
  • 1-Story Property
  • Attic Fan
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Gravel Driveway
  • Shared Driveway
  • On-Street Parking
  • 4 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, HVAC maintenance, insurance, management, repairs, roof maintenance, taxes
  • Assessor Parcel Number 107937

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lakewood Park Subdivision

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,684

Year Built

Built in 1964

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Year Built: 1964
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Lakewood Park
  • Above Grade Finished Sq Ft: 1612.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • DelayedMarketingYN: No
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6Ik0wMDAwMDM4OSIsIkxpc3RpbmdJRCI6IjEwMTcyODIwIiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA2LTA5VDIwOjAxOjAyLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzI1ODcxIiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.hhKFAchZisl6pU5snYRQv5fIfSsTLoXHQoFECNoU8Do/badge
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Granite Counters, High Speed Internet
  • Private Spa: No
  • Appliances: Cooktop, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Attic Features:Attic Features: Exhaust Fan
  • Interior Features:Interior Features: Granite Counters, High Speed Internet

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Home Warranty: No
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Construction Type: Brick Veneer
  • Direction Faces: East
  • Foundation Details: Crawlspace

Garage/Parking

  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Gravel, Off Street, On Street, Shared Driveway

Utilities

  • Heating: Natural Gas
  • Cooling: Attic Fan, Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Zoning: R-3
  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 107937

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Negotiable
  • Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Management, Repairs, Roof Maintenance, Taxes

Tax Info

  • Tax Annual Amount: 3683.52
  • Tax Year: 2025
  • Tax Map Number: 04

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: None
  • Number Of Units Leased: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,684 $371,585 $175,500 $196,085
2024 $2,186 $156,700 $64,240 $92,460
2023 $2,053 $156,700 $64,240 $92,460
2022 $2,006 $156,700 $64,240 $92,460
2021 $1,996 $156,700 $64,240 $92,460
2020 $1,949 $156,700 $64,240 $92,460
2019 $1,949 $156,700 $64,240 $92,460
2018 $1,036 $76,381 $17,520 $58,861
2017 $1,028 $76,381 $17,520 $58,861
2016 $994 $76,381 $17,520 $58,861
2015 $1,107 $80,000 $14,497 $65,503
2014 $1,107 $80,000 $14,497 $65,503
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2026 06/09/26 For Sale $414,000 -- $257 / Sq Ft
Source: Doorify MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $500,000 None Available
Warranty Deed $420,000 --
Source: Public Records

Source: Doorify MLS

MLS Number: 10172820

Doorify MLS

APN: 107937

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