4205 Oran Ave Durham, NC 27704
Duke Homestead NeighborhoodEstimated payment $3,886/month
Highlights
- No HOA
- Central Air
- Heat Pump System
- Easley Elementary Rated A-
About This Home
Investor opportunity in a strong Durham rental market. Four-unit townhome building with 3 units currently leased, providing immediate income. One unit is fully renovated and intentionally left vacant, offering flexibility to lease at market rates, use as an owner-occupied unit, or explore mid-term rental demand from nearby medical professionals. Townhome-style layouts and proximity to Duke University, Duke Hospital, Duke Regional, and major employment centers drive consistent rental, interest. This property offers stable cash flow with room to increase returns through strategic rent adjustments and lease-up of the renovated unit. Convenient access to I-85, NC-147, retail, and transit. Ideal for investors seeking a value-add opportunity with strong fundamentals and long-term growth potential.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,705
Year Built
- Built in 1983
Parking
- Driveway
Home Design
- Brick Exterior Construction
- Siding
Interior Spaces
- 2-Story Property
- Washer and Dryer Hookup
Location
- City Lot
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 172816
- 1% Total Tax Rate
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,705 | $474,673 | $200,000 | $274,673 |
| 2024 | $1,658 | $118,875 | $30,000 | $88,875 |
| 2023 | $1,557 | $118,875 | $30,000 | $88,875 |
| 2022 | $1,521 | $118,875 | $30,000 | $88,875 |
| 2021 | $1,514 | $118,875 | $30,000 | $88,875 |
| 2020 | $1,479 | $118,875 | $30,000 | $88,875 |
| 2019 | $1,479 | $118,875 | $30,000 | $88,875 |
| 2018 | $2,362 | $174,134 | $32,000 | $142,134 |
| 2017 | $2,345 | $174,134 | $32,000 | $142,134 |
| 2016 | $2,266 | $174,134 | $32,000 | $142,134 |
| 2015 | $2,440 | $176,241 | $32,000 | $144,241 |
| 2014 | $2,440 | $176,241 | $32,000 | $144,241 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/29/2025 11/29/25 | For Sale | $675,000 | -- | -- |
Source: Triad MLS
MLS Number: 1203323
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