$534,900
PENDING $65K PRICE DROP

2205 Lafayette St Durham, NC 27707

Duke Forest Neighborhood

Estimated payment $3,166/month

Total Views 9,352
6 Beds
4 Baths
2,436 Sq Ft
$220 Price per Sq Ft

Highlights

  • Ranch Style House
  • Wood Flooring
  • No HOA
  • Lakewood Montessori Middle School Rated A-
  • Corner Lot
  • Attached Garage

About This Home

Lakewood quadplex. Great investment opportunity, or live in one unit and rent out the other three--assumable FHA mortgage at 2.75%. This home features four units: two units have 2br/1ba, two units are studios. Ideal location, less than 5 min walk to Lakewood shopping center and less than 2 miles to both Duke and downtown. Recent upgrades: two new HVAC units, plumbing, roof recently replaced and in great shape, and two new oven/ranges.

Listing Agent

Bruce Clayton

Griffin Associates REALTORS License #166871 Listed on: 09/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,928

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts a state road
  • 1 Common Wall
  • Corner Lot

Home Design

  • Quadruplex
  • Ranch Style House
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • Ceiling Fan
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Finished Basement

  • Exterior Basement Entry
  • Block Basement Construction

Parking

  • Attached Garage
  • Gravel Driveway
  • On-Street Parking
  • 4 Open Parking Spaces

Schools

  • Lakewood Elementary School
  • Githens Middle School
  • Jordan High School

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Baseboard Heating

Listing and Financial Details

  • The owner pays for water
  • 3 Month Lease Term
  • Assessor Parcel Number 0821-04-6975

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Park Place Subdivision

Building Details

  • 3 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,928

Year Built

Built in 1960

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Year Built: 1960
  • Prop. Type: Residential Income
  • Road Frontage Type: State Road
  • Road Surface Type: Asphalt
  • Subdivision Name: Park Place
  • Above Grade Finished Sq Ft: 1578.0
  • Unit Levels: Multi/Split
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Appliances Refrigerators: Yes
  • Levels MultiSplit: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: 3 To 6 Months
  • General Property Information Above Grade Finished Area: 1578.0
  • General Property Information Below Grade Finished Area: 858.0
  • Cooling Ceiling Fan(s): Yes
  • Road Frontage Type State Road: Yes
  • Cooling Window Unit(s): Yes
  • General Property Information Number Of Units Total3: 4.0
  • General Property Information Lot Size Square Feet2: 7840.8
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.18
  • Cooling Multi Units: Yes
  • Structure Type Quadruplex: Yes
  • General Property Information:Living Area3: 2436.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Basement: Block, Exterior Entry, Finished
  • Appliances: Electric Range, Refrigerator
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 858.0
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Electric Range: Yes
  • Basement:Exterior Entry: Yes
  • Basement Finished: Yes
  • Basement:Block: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.18
  • Common Walls: 1 Common Wall
  • Construction Type: Block
  • Foundation Details: Slab
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Block2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Attached, Driveway, Gravel, On Street
  • Parking Features:Attached: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:On Street: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Baseboard, Central, Electric, Forced Air, Varies by Unit
  • Cooling: Ceiling Fan(s), Central Air, Electric, Multi Units, Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes
  • Heating:Central: Yes
  • Heating:Varies by Unit2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Durham - Jordan
  • Middle Or Junior School: Durham - Githens

Lot Info

  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 0821-04-6975

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Lease Term: 3 To 6 Months
  • Owner Pays: Water

Tax Info

  • Tax Annual Amount: 4928.16
  • Tax Year: 2025

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 3
  • Number of Month to Month Units: 1
  • Number Of Units Vacant: 1

MLS Schools

  • Elementary School: Durham - Lakewood

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2026 02/08/26 Pending -- -- --
11/19/2025 11/19/25 Price Changed $534,900 -2.7% $220 / Sq Ft
09/22/2025 09/22/25 Price Changed $549,900 -8.3% $226 / Sq Ft
09/05/2025 09/05/25 For Sale $599,900 -- $246 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $332,500 None Available
Special Warranty Deed $45,000 None Available
Trustee Deed $59,500 None Available
Warranty Deed $156,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $326,280 FHA
Previous Owner $140,400 Stand Alone First
Source: Public Records

Source: Doorify MLS

MLS Number: 10120229

Doorify MLS

APN: 108283

North Carolina Durham County Durham 27707 Duke Forest

2205 Lafayette St, Durham, NC

Pending

MultiFamily

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Bruce Clayton
Listing Agent
Bruce Clayton
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Griffin Associates REALTORS
(984) 279-7507
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