4206 Delbert Ave Durham, NC 27704
Duke Homestead NeighborhoodEstimated payment $3,713/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. 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. Portfolio purchase opportunity available—ask listing agent for more information.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,785
Year Built
- Built in 1984
Parking
- Driveway
- Paved Parking
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Additional Features
- Washer and Dryer Hookup
- 14,810 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 172822
- 1% Total Tax Rate
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Insurance Expense $4,925
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 | $4,785 | $482,672 | $200,000 | $282,672 |
| 2024 | $1,705 | $122,257 | $30,000 | $92,257 |
| 2023 | $1,601 | $122,257 | $30,000 | $92,257 |
| 2022 | $1,565 | $122,257 | $30,000 | $92,257 |
| 2021 | $1,557 | $122,257 | $30,000 | $92,257 |
| 2020 | $1,521 | $122,257 | $30,000 | $92,257 |
| 2019 | $1,521 | $122,257 | $30,000 | $92,257 |
| 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 |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | Price Changed | $625,000 | -3.7% | -- |
| 03/06/2026 03/06/26 | For Sale | $649,000 | -- | -- |
Source: Triad MLS
MLS Number: 1211374
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Ask me questions while you tour the home.