$225,000

1501 Lathrop St Durham, NC 27703

East Durham Neighborhood

Estimated payment $1,295/month

Total Views 3,350
2 Beds
2 Baths
1,593 Sq Ft
$141 Price per Sq Ft

Highlights

  • Arts and Crafts Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • 1-Story Property
  • Wood Siding

About This Home

Craftsman-style, vertical split Duplex. Two- 1 Bedroom, 1 Bathroom apartments. Both units occupied. Located In East Durham's Hillcrest neighborhood, close to retail & minutes to all Highways and Downtown Durham.
Seller is a licensed real estate broker.

Listing Agent

Charles Bulthuis

Reformation Asset Management License #277702 Listed on: 11/14/2025

Co-Listing Agent

Miguel Acosta

Reformation Asset Management License #309989

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,346

Year Built

  • Built in 1930

Home Design

  • Duplex
  • Arts and Crafts Architecture
  • Block Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,593 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 6,534 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 112854

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,346

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Year Built: 1930
  • Prop. Type: Residential Income
  • Co List Office Phone: 919-452-4833
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1593.0
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Foundation Details Block3: Yes
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 1593.0
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 6534.0
  • Roof:Metal2: Yes
  • General Property Information Lot Size Acres: 0.15
  • Architectural Style Arts Crafts: Yes
  • General Property Information:Living Area3: 1593.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Metal
  • Acres: 0.15
  • Construction Type: Wood Siding
  • Foundation Details: Block
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: None
  • Parking Features:None16: Yes
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 112854

Rental Info

  • Lease Term: Month To Month
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1345.9
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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 $2,679 $270,298 $103,500 $166,798
2024 $1,346 $96,487 $25,965 $70,522
2023 $1,264 $96,487 $25,965 $70,522
2022 $1,235 $96,487 $25,965 $70,522
2021 $1,229 $96,487 $25,965 $70,522
2020 $1,200 $96,487 $25,965 $70,522
2019 $1,200 $96,487 $25,965 $70,522
2018 $1,119 $82,470 $14,425 $68,045
2017 $1,110 $82,470 $14,425 $68,045
2016 $1,073 $82,470 $14,425 $68,045
2015 $1,036 $74,857 $14,911 $59,946
2014 $1,036 $74,857 $14,911 $59,946
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $225,000 -- $141 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $170,000 None Available
Warranty Deed $112,500 Omegatitle Insurance Co
Warranty Deed $30,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $127,425 New Conventional
Previous Owner $117,000 Purchase Money Mortgage
Source: Public Records

Source: Doorify MLS

MLS Number: 10132187

Doorify MLS

APN: 112854

North Carolina Durham County Durham 27703 East Durham

1501 Lathrop St, Durham, NC

For Sale

MultiFamily

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Charles Bulthuis
Listing Agent
Charles Bulthuis
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Reformation Asset Management
(919) 636-6986