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Sold

1911 Morehead Avenue

1911 Morehead Avenue, Durham, NC 27707

$692,500

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.

8
beds

4
baths

3,360 Sq.Ft. LIVING AREA

9,147.6 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms8
Total bathrooms4
full bathrooms4
Flooring Hardwood

Area & Lot

Status Sold
Living Area3,360 Sq.Ft.
Total Area3,360 Sq.Ft.
Lot Area9,147.6 Sq.Ft.
MLS® ID10102040
TypeMulti-Family
YEAR BUILT1961

Exterior

STORIES2
water SourcePublic
roofShingle
parkingOff Street
HEAT TYPEElectric, Forced Air
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureOther

Financial

Sales Price$692,500
Real Estate Tax $6,417/yr

Work With Brooke

No matter the challenge, Brooke consistently strives to deliver tailor-made solutions that empower her buyers and sellers to surpass their goals. She goes above and beyond to cultivate lasting relationships that stand the test of time, ensuring unparalleled success at every step.

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Contact Details

Brooke Gelhaus

Phone

919.525.1637

[email protected]

Address

COMPASS OFFICE 101 Glen Lennox Dr. Suite 230 Chapel Hill, NC 27517

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By providing Compass your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.