$1,250,000
PENDING $100K PRICE DROP

Estimated payment $7,526/month

Total Views 1,445
20 Beds
10 Baths
7,020 Sq Ft
$178 Price per Sq Ft

Highlights

  • 0.63 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • No HOA
  • Luxury Vinyl Tile Flooring
  • Baseboard Heating

About This Home

10-unit multifamily property at 504 Raynor Street, Durham, NC. The offering represents a great value-add opportunity in the emerging East Durham submarket. The property features a single-story duplex, built in 1961. Behind the duplex is a two-story, eight-unit building, built in 1988. All ten units are two-bedroom floorplans. The property presents a rare opportunity to acquire a stable asset, with income upside, near Durham's thriving economic core.

Listing Agent

Thomas Furlow

Deaton Investment Real Estate License #222598 Listed on: 02/16/2026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,523

Year Built

  • Built in 1961

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 7,020 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Full Bathrooms

Parking

  • 18 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 114075

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,523

Year Built

Built in 1961

Lot Details

0.63 Acres

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 7020.0
  • Unit Levels: One, Two
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Vinyl
  • Basement YN: No
  • Full Bathrooms: 10
  • Total Bedrooms: 20

Exterior Features

  • Roof: Shingle
  • Acres: 0.63
  • Construction Type: Brick, Vinyl Siding, Wood Siding
  • Foundation Details: Slab, Crawlspace

Garage/Parking

  • Open Parking Spaces: 18.0
  • Open Parking: Yes
  • Parking Features: Off Street

Utilities

  • Heating: Baseboard, Central, Varies by Unit
  • Cooling: Central Air, Varies by Unit, Wall Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 27443.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 114075

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Trash Collection

Tax Info

  • Tax Annual Amount: 9522.54
  • Tax Year: 2025
  • Tax Map Number: 01-

Map

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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
03/21/2026 03/21/26 Pending -- -- --
03/03/2026 03/03/26 Price Changed $1,250,000 -7.4% $178 / Sq Ft
02/16/2026 02/16/26 For Sale $1,350,000 -- $192 / Sq Ft
Source: Doorify MLS

Source: Doorify MLS

MLS Number: 10146810

Doorify MLS
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