$550,000

Estimated payment $2,946/month

0.16 Acre
$3,437,500 Price per Acre
6,970 Sq Ft Lot

Highlights

  • Corner Lot
  • Neighborhood Views
  • Grass Field
  • No HOA

About This Lot

Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity Zone
Unlock rare potential with two adjoining parcels at 430 Sowell Street and 429 Lakeland Street (MLS #10127869), Zoning RU-5(2), nestled in the heart of Durham's most rapidly transforming neighborhood. Together, they present a prime redevelopment opportunity within a Federal Opportunity Zone, offering unbeatable positioning, flexibility, and growth potential.
These adjoining properties, covering a corner-to-corner section, of a city block, lie in Durham's Urban Tier, qualifying for the Small Lot Option under city zoning, ideal for infill construction, small-lot single-family homes, townhouses, or a creative clustered site plan. With existing curb cuts, utilities at the street, and New Construction homes already completed next door and just 300 yards away, the comparables and momentum are strong. Verify options with Durham Planning Dept.
Strategically located on the R. Kelly Bryant Bridge Trail, directly across from Burton Magnet Elementary School, and minutes from Downtown Durham, NCCU, and major redevelopment corridors—this area embodies the next wave of growth and community revitalization.
Endless potential awaits: Redevelop, build out a multi-home collection, or update the existing residence for cash flow while finalizing plans.
This pairing, 430 Sowell + 429 Lakeland, represents a turnkey entry point for small to mid-size builders and investors seeking immediate upside in one of Durham's most promising growth pockets.

Listing Agent

Carol Small

Brokers United Realty License #286182 Listed on: 10/15/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $323

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 30 x 182 x 36 x 16
  • Chain Link Fence
  • Corner Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Property is zoned RU-5(2)

Schools

  • Burton Elementary School
  • Lowes Grove Middle School
  • Hillside High School

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Neighborhood Views
  • Grass Field

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 119057

Property Details

Property Type

Land

Est. Annual Taxes

$323

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Other
  • Road Frontage Type: City Street, See Remarks
  • Road Surface Type: Paved
  • Reso Association Fee Includes: None
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 30 x 182 x 36 x 16
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • General Property Information Senior Community YN: No
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Cleared2: Yes
  • View Neighborhood4: Yes
  • Vegetation Grassed: Yes
  • General Property Information Lot Size Square Feet2: 6969.6
  • Fencing Chain Link: Yes
  • General Property Information Lot Size Acres: 0.16
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Development
  • Community Features:None3: Yes
  • Community Features:Curbs: Yes

Exterior Features

  • Fencing: Chain Link
  • Acres: 0.16
  • Disclosures: Seller Disclosure
  • Lot Features:Open Lot: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Level: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:City Lot: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, None
  • Senior Community: No
  • Association: No

Association/Amenities

  • Horse Amenities:None11: Yes
  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Durham - Hillside
  • Middle Or Junior School: Durham - Lowes Grove

Lot Info

  • Zoning: RU-5(2)
  • Current Use: Vacant
  • Development Status: See Remarks
  • Horse Amenities: None
  • Lot Dimensions: 30 x 182 x 36 x 16
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 119057

Tax Info

  • Tax Annual Amount: 323.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Durham - Burton

Map

Range of Values:

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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 $989 $124,700 $124,700 $0
2024 $324 $23,200 $23,200 $0
2023 $304 $23,200 $23,200 $0
2022 $297 $23,200 $23,200 $0
2021 $296 $23,200 $23,200 $0
2020 $289 $23,200 $23,200 $0
2019 $289 $23,200 $23,200 $0
2018 $197 $14,500 $14,500 $0
2017 $195 $14,500 $14,500 $0
2016 $189 $14,500 $14,500 $0
2015 $213 $15,405 $15,405 $0
2014 $213 $15,405 $15,405 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 For Sale $550,000 -- --
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $25,000 --
Source: Public Records

Source: Doorify MLS

MLS Number: 10127865

Doorify MLS

APN: 119057