$406,000

Estimated payment $2,515/month

Total Views 2,015
4 Beds
2 Baths
1,710 Sq Ft
$237 Price per Sq Ft

Highlights

  • Wood Flooring
  • End Unit
  • No HOA
  • Lakewood Montessori Middle School Rated A-
  • Granite Countertops
  • Front Porch

About This Home

Turnkey brick duplex in Durham's sought-after Lakewood Park neighborhood offering immediate cash flow. Both units are occupied, have separately-metered, tenant-paid utilities, and both deliverer quality finishes that attract and retain tenants. The front unit features hardwood floors, granite countertops, and stainless steel appliances, while the rear unit offers updated laminate flooring, granite-style countertops, and stainless appliances. Separate entrances, individual porches, in-unit laundry hookups, separate water heaters per unit, and off-street parking round out this well-maintained, low-maintenance asset. This duplex is currently generating $2,400/month ($28,800/year) in gross rent with both units occupied. Located 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 is prime for growth and ensures consistent rental demand. This property is being offered as a package with 1208 Rosedale Avenue (MLS #10164082, listed at $414,000) 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

  • $3,796

Year Built

  • Built in 1964

Lot Details

  • 7,841 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

  • 1,710 Sq Ft Home
  • 1-Story Property
  • Attic Fan
  • Washer and Dryer

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

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

Outdoor Features

  • Rain Gutters
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, HVAC maintenance, insurance, management, repairs, roof maintenance, taxes
  • Assessor Parcel Number 107935

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

$3,796

Year Built

Built in 1964

Lot Details

7,841 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: 1710.0
  • Unit Levels: One
  • New Construction: No
  • DelayedMarketingYN: No
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6Ik0wMDAwMDM4OSIsIkxpc3RpbmdJRCI6IjEwMTcyODE1IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA2LTA5VDIwOjA1OjIzLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzI1ODcxIiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.P0ESlOJeIRkcZe3WXAHQ3pILaJDhVP1kxpWElQoeKqA/badge
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Interior Amenities: Granite Counters
  • Private Spa: No
  • Appliances: Dishwasher, Electric Range, Microwave, Oven, Refrigerator, Washer/Dryer, Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Acres: 0.18
  • 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
  • Patio And Porch Features: Front Porch, Side Porch

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Central, Natural Gas
  • Cooling: Attic Fan, Central Air
  • 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: 7841.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 107935

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: 3796.03
  • Tax Year: 2025
  • Tax Map Number: 02

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 $3,796 $382,935 $177,000 $205,935
2024 $2,269 $162,684 $64,900 $97,784
2023 $2,131 $162,684 $64,900 $97,784
2022 $2,082 $162,684 $64,900 $97,784
2021 $2,072 $162,684 $64,900 $97,784
2020 $2,024 $162,684 $64,900 $97,784
2019 $2,024 $162,684 $64,900 $97,784
2018 $1,050 $77,410 $17,670 $59,740
2017 $1,042 $77,410 $17,670 $59,740
2016 $1,007 $77,410 $17,670 $59,740
2015 $1,107 $80,000 $14,721 $65,279
2014 $1,107 $80,000 $14,721 $65,279
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 $406,000 -- $237 / 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

Mortgage 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 Status Loan Amount Loan Type
Previous Owner $336,000 New Conventional
Source: Public Records

Source: Doorify MLS

MLS Number: 10172815

Doorify MLS

APN: 107935

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