Photos
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$692,500
Sold!1911 Morehead Avenue, Durham, NC 27707
8
Beds
4
Baths
3,360
SqFt
Sold!
Status
$206
Price/SqFt
69
Days Listed
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
July 2026 rolling 30-day data
Median List Price
$485,000
This home is 43% above median
Avg Days on Market
12
This home: 69 days (+57)
Sale-to-List Ratio
99.9%
Homes Sold (30d)
18
Active Listings
37
Median Sale Price
$557,500
$3,498/mo
30-year fixed estimate
Estimate only. Does not include taxes or insurance.
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