- 8 beds
- 4 baths
- 3,360 sqft
- 9,147 sqft lot
- $222 per sqft
- 1961 build
- – on site
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.
Last checked:
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Last updated Jun 12, 2025
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MLS# 10102040 —
The Building
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Year Built:1961
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New Construction:false
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Construction Materials:Brick Veneer
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Roof:Shingle
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Foundation Details:Other
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Stories:2
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Levels:Two
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Basement:false
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Building Area Total:3360
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Building Area Units:Square Feet
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# of Units Total:4
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Above Grade Finished Area:3360
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Flooring:Hardwood
Room Dimensions
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Living Area:3360
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Living Area Units:Square Feet
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Living Area Source:Appraiser
Financial & Terms
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Lease Term:12 Months
Location
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Directions:Chapel Hill Road north to left on Morehead. 1911 Morehead is the cream colored building with green doors
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Latitude:35.992008
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Longitude:-78.927096
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Coordinates:-78.927096, 35.992008
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Parcel Number:0821165060
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Lot Size Acres:0.21
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Lot Size Area:9147.6
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Lot Size SqFt:9147.6
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Lot Size Units:Square Feet
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (919) 423-6627
- Office phone:
- (919) 999-8482
Taxes
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Tax Annual Amount:6417.26
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
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Total Baths:4
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Total Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision Name:Not in a Subdivision
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Pool Private:false
Parking
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Attached Garage:false
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Parking Features:Off Street
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Open Parking:true
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Open Parking Spaces:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/10/25
Jun 10, 2025
|
Listed / Active | DMLS | $749,000 | 56.0% (7.9% / YR) |
5/23/18
May 23, 2018
|
DMLS | $480,000 | -63.1% (-51.3% / YR) | |
2/28/17
Feb 28, 2017
|
DMLS | $1,300,000 |