EB
Ed Billings
Photos
1 / 29
$692,500
Sold!1911 Morehead Avenue, Durham, NC 27707
8
Beds
4
Baths
3,360
SqFt
Sold!
Status
$206
Price/SqFt
69
Days Listed
Ed Billings
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.
Year Built
1961
Lot Size
0.21 acres
Property Type
Quadruplex
Heating
Electric, Forced Air
Cooling
Central Air
Sewer
Public Sewer
Water
Public
May 2026 rolling 30-day data
Median List Price
$562,500
This home is 23% above median
Avg Days on Market
34
This home: 69 days (+35)
Sale-to-List Ratio
98.7%
Homes Sold (30d)
28
Active Listings
30
Median Sale Price
$535,000
$3,513/mo
30-year fixed estimate
Estimate only. Does not include taxes or insurance.
Interested in 1911 Morehead Avenue? Let us know where you are in your search.
2903 Neville Road
Chapel Hill, NC 27516
Dave Wylie
