1508 Alston Avenue
Durham, NC 27701PRIME 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 encouraged to review the attached SCAD information and verify development possibilities with the City of Durham. Conveniently located just minutes from vibrant downtown Durham, major highways, shopping, dining, and surrounding areas experiencing significant growth and redevelopment. Whether you're looking to expand your investment portfolio or capitalize on Durham's continued growth, this is an opportunity worth exploring! Bring your vision and discover the possibilities this unique land portfolio has to offer.
$525,000
4 bedrooms
4 full bathrooms
0.51 acres
0 square feet
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Wood Siding
- Fencing None
- Lot Size Acres 0.51
- Other Parking Gravel driveway for both duplexes and lots.
- Parking Features See Remarks
- Structure Type Other, Duplex
- Above Grade Finished Area 0
- Below Grade Finished Area 0
- Cooling Other
- Cooling Y/N Yes
- Flooring Carpet
- Heating None
- Heating Y/N No
- Association Y/N No
- Lot Features Open Lot, Corner Lot
- Tax Annual Amount 3705.99
- Water Source Public
- Year Built 1950
Additional Property Information
- TypeRanch
- Built1950
- NeighborhoodNot in a Subdivision
- CountyDurham
- AreaDurham
- Elementary SchoolDurham - Eastway Elementary
- Middle SchoolDurham - Durham School of the Arts
- High SchoolDurham - Northern High
Listing courtesy of Keller Williams Elite Realty. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-11-11T11:28:43Z.