1508 N Alston Avenue, Durham, NC 27701

Durham
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
1508 N Alston Avenue,Durham, NC 27701
$525,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: stacy slone
Office: keller williams elite realty
MLS#:10202773
Source:RD

Price summary

  • Price:$525,000

About this home

PRIME DEVELOPMENT OPPORTUNITY LAND AND RENTAL PORTFOLIO MINUTES FROM DOWNTOWN DURHAM! Exceptional investment and development opportunity in one of Durham's growing areas! This portfolio includes 1508, 1510, and 1512 N. Alston Avenue, along with 804 Lee Street, offering exciting possibilities for investors, builders, and developers. The N. Alston Avenue properties currently feature two duplexes with rental income of $625 per month per side, offering existing income while exploring future development opportunities. A feasibility study and preliminary site plan are available in the listing documents, outlining several potential development options prior to the approval of SCAD (Simplifying Codes for Affordable Development), including: An 18 unit apartment community. A 7unit townhome community. Subdivision into nine buildable lots. With the adoption of SCAD, additional density and development opportunities may now be possible, creating even greater potential for this property. Buyers are...

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Home facts

  • Year built:1950
  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10202773
  • Added:1 day(s) ago
  • Updated:November 12, 2026 at 04:14 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet

Structure and exterior

  • Roof:Shingle
  • Year built:1950
  • Lot area:0.51 Acres
  • Lot Features:Corner, Open Lot
  • Construction Materials:Wood Siding
  • Levels:One

Schools

  • High school:Durham - Northern High
  • Middle school:Durham - Durham School of the Arts
  • Elementary school:Durham - Eastway Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Tax amount:$3,706
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