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Chris Tacia

chris@christacia.com +1(919) 356-5377

Listed by DASH Carolina

$ 490,000

Est. payment | -/mo

8 Beds

4 Baths

2,440 SqFt

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$ 490,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

2,440 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,440 sqft

Price per Sqft $200

Subdivision Not In A Subdivision

MLS Listing ID 10198731

Style Traditional

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1952

Annual Tax Amount $3,575

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Source Doorify MLS

Land Area 2440

Property Description

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!

Location

State NC

County Durham

Community Not In A Subdivision

Area 0.16

Zoning RM-12

Rooms

Main Level Bedrooms 8

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplace No

Exterior

Roof Type Shingle

Garage No

Building

Story One

Foundation Concrete, Slab

Water Public

Architectural Style Traditional

New Construction No

Schools

Elementary Schools Durham - Burton Elementary

Middle Schools Durham - Rogers Herr Middle

High Schools Durham - Northern High

Others

Senior Community No

Tax ID 113204

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/790d349d-27cb-4dce-8fa5-a4d2acecbc0e?wl=true&setAttribution=mls&initialViewType=pano

Nearby Locations

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Chris Tacia

REALTOR® Lic# 235141

chris@christacia.com

+1(919) 356-5377

329 Carthage Street, Sanford, NC 27330

1512 N Hyde Park AVE Durham, NC 27701

Chris Tacia

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1512 N Hyde Park AVE