$340,000
SOLD SEP 12, 2025
4 Beds
2 Baths
1,490 Sq Ft
0.26 Acres

Recently Sold

$228 Per Sq Ft

14% Below List Price

66 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Heating Available
  • George Watts Elementary Rated A-
  • Window Unit Cooling System

About This Home

As of September 2025

Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years)

Last Agent to Sell the Property

Thomas Furlow

Deaton Investment Real Estate License #222598 Listed on: 05/13/2025

Last Buyer's Agent

Yannick Lloyd

The Alston Real Estate Group License #303749

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,579

Year Built

  • Built in 1958

Lot Details

  • 0.26 Acre Lot

Home Design

  • 1,490 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Brick Foundation
  • Architectural Shingle Roof

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Heating Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0831198918

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,579

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Year Built: 1958
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1490.0
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years)
  • Foundation Details BrickMortar: Yes
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 1490.0
  • Roof Architectural Shingle: Yes
  • Cooling Window Unit(s): Yes
  • General Property Information Lot Size Square Feet2: 11325.6
  • General Property Information Lot Size Acres: 0.26
  • General Property Information:Living Area3: 1490.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Tile, Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Architectural Shingle
  • Acres: 0.26
  • Construction Type: Brick
  • Foundation Details: Brick/Mortar
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Electric
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes

Lot Info

  • Lot Size Sq Ft: 11325.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 0831198918

Rental Info

  • Lease Term: Month To Month
  • Owner Pays: See Remarks

Tax Info

  • Tax Annual Amount: 2579.0
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2025
Closed on
Aug 19, 2025
Sold by
Fast Geer Nc Llc
Bought by
Kuo Yung-Hun
Seller's Agent
Thomas Furlow
Deaton Investment Real Estate
Buyer's Agent
Yannick Lloyd
The Alston Real Estate Group
List Price
$395,000
Sold Price
$340,000
Premium/Discount to List
-$55,000
-13.92%
Views
110
Current Estimated Value
$375,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,705
Avg. Annual Appreciation
36.62%

Purchase Details

Closed on
Dec 16, 2021
Sold by
D T I Downtown East 1 Llc
Bought by
Geer Th Ownher Llc

Purchase Details

Closed on
Sep 21, 2012
Sold by
Mogeo Investments Llc
Bought by
Gurley Men Ventures Llc

Purchase Details

Closed on
Apr 20, 2006
Sold by
Tobacco Road Realty Llc
Bought by
Mogeo Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $340,000 None Listed On Document
Special Warranty Deed $3,250,000 Metro Title Company
Warranty Deed $214,500 None Available
Warranty Deed $92,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2025 09/12/25 Sold $340,000 -5.6% $228 / Sq Ft
07/18/2025 07/18/25 Pending -- -- --
07/09/2025 07/09/25 Price Changed $360,000 -2.7% $242 / Sq Ft
06/10/2025 06/10/25 Price Changed $370,000 -6.3% $248 / Sq Ft
05/13/2025 05/13/25 For Sale $395,000 -- $265 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

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 $4,520 $455,994 $315,000 $140,994
2024 $2,579 $184,888 $125,500 $59,388
2023 $2,422 $184,888 $125,500 $59,388
2022 $2,366 $184,888 $125,500 $59,388
2021 $2,355 $184,888 $125,500 $59,388
2020 $2,310 $185,688 $126,300 $59,388
2019 $2,607 $209,579 $126,300 $83,279
2018 $1,316 $97,015 $41,047 $55,968
2017 $1,306 $97,015 $41,047 $55,968
2016 $1,262 $97,015 $41,047 $55,968
2015 $1,204 $86,990 $22,851 $64,139
2014 $1,204 $86,990 $22,851 $64,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10095867

Doorify MLS

APN: 110146