1911 Morehead Avenue, Durham, NC 27707

Local realty services provided by:Better Homes and Gardens Real Estate Paracle
#1#2#3
1911 Morehead Avenue,Durham, NC 27707
$692,500
  • 8 Beds
  • 4 Baths
  • 3,360 sq. ft.
  • Multi-family
  • Active
Listed by:ed w billings
Office:compass -- chapel hill - durham
MLS#:10102040
Source:RD

Price summary

  • Price:$692,500
  • Price per sq. ft.:$206.1

About this home

Prime Durham Location Near Duke | Fully Leased Quad | 5.5% Cap Rate Located less than a mile from Duke University, this fully leased, turnkey quadplex offers walkable convenience in one of Durham's most in-demand rental corridors. Major renovations completed in 2022-2023 include new HVAC systems, plumbing upgrades, and interior/exterior enhancements. Lower units (1911 & 1913) feature updated kitchens with IKEA cabinetry, butcher block counters, new appliances, tiled baths, custom desks, and washer/dryer installs. Upper units (1915 & 1917) include walk-in showers, vinyl flooring, refinished hardwoods, and updated finishes. Strong in-place rents and a 5.5% cap rate make this an ideal low-maintenance investment.

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Home facts

  • Year built:1961
  • Listing Id #:10102040
  • Added:65 day(s) ago
  • Updated:August 12, 2025 at 10:24 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,360 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric, Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1961
  • Building area:3,360 sq. ft.
  • Lot area:0.21 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$692,500
  • Price per sq. ft.:$206.1
  • Tax amount:$6,417
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