1512 N Hyde Park Avenue, Durham, NC 27701
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by: favio ruiz
Office: dash carolina
MLS#:10198731
Source:RD
Price summary
- Price:$490,000
- Price per sq. ft.:$200.82
About this home
Excellent investment opportunity in Durham's Morgan Park community! This well-located quadruplex features four separate units offering a total of 8 bedrooms and 4 full bathrooms, making it an attractive addition to any rental portfolio. With $4,800 in gross monthly rental income, this property comes close to the popular 1% rule, making it an appealing opportunity for investors seeking rental income and long-term potential. The established rental history provides an opportunity for continued income generation. Interior features include a combination of carpet, ceramic tile, and luxury vinyl flooring, along with electric ranges and refrigerators. Public water and sewer add to the property's convenience, while dedicated off-street parking provides easy access for residents. Additional development opportunity: The adjacent lot is also available for sale (MLS 10198730 available separately), offering potential for future development. Build a duplex with approximately 600 square feet per side or explore the possibility of a 1,200-square-foot single-family home, subject to zoning, permitting, and local requirements. Conveniently located just minutes from downtown Durham, shopping, dining, entertainment, and major roadways, this property combines existing rental income with additional development potential. Don't miss this opportunity to own a multifamily investment property in a desirable Durham location!...
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Home facts
- Year built:1952
- Subdivision & Development:Not in a Subdivision
- Listing ID #:10198731
- Added:18 day(s) ago
- Updated:November 03, 2026 at 04:17 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:1
- Flooring:Carpet, Tile, Vinyl
- Living area:2,440 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Wall Furnace
Structure and exterior
- Roof:Shingle
- Year built:1952
- Building area:2,440 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Traditional
- Construction Materials:Concrete
- Foundation Description:Concrete, Slab
- Levels:One
Schools
- High school:Durham - Northern High
- Middle school:Durham - Rogers Herr Middle
- Elementary school:Durham - Burton Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$490,000
- Price per sq. ft.:$200.82
- Tax amount:$3,576
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