1911 Morehead Avenue
Durham, NC 27707Prime 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.
$749,000
8 bedrooms
4 full bathrooms
0.21 acres
3,360 square feet
$223 per square foot
Additional Property Information
- TypeQuadruplex
- Built1961
- NeighborhoodNot in a Subdivision
- CountyDurham
- AreaDurham
- Elementary School
- Middle School
- High School
Listing courtesy of Compass -- Chapel Hill - Durham. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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Find your amount- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick Veneer
- Lot Size Acres 0.21
- Parking Features Off Street
- Above Grade Finished Area 3,360
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Hardwood
- Heating Electric, Forced Air
- Heating Y/N Yes
- Tax Annual Amount 6417.26
- Water Source Public
- Year Built 1961
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