Listing by: Ian Stevens, MATHERS REALTY.COM, ianstevens32296@gmail.com
3 Beds
1 Full bath
8,710SqFt
Active
Rare Investment Opportunity: 5-Property Package in Prime Durham Location (27707) PRICED BELOW APPRAISED VALUE! Unlock the potential of this unique 5-property portfolio located in the thriving heart of Durham, NC. Priced to move, this package includes four single-family homes, all situated within the desirable 27707 zip code — a high-demand area with strong rental growth and development potential. Currently, all 5 properties are tenant-occupied on one year leases, providing immediate rental income with the option to increase rents to market rates. Current rents are significantly below market, offering substantial upside for both investors and owner-occupants. Whether you're a seasoned investor looking to expand your portfolio, a first-time buyer seeking value-add potential, or someone interested in purchasing individual properties, this package provides flexibility and opportunity. These properties are also listed individually. PROFESSIONAL MEASUREMENTS ARE ESTIMATES NOT EXACT.
Property Details | ||
|---|---|---|
| Price | $1,585,000 | |
| Bedrooms | 3 | |
| Full Baths | 1 | |
| Half Baths | 1 | |
| Lot Size Area | 0.99 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| MLS Sub type | Portfolio | |
| Year Built | 1925 | |
| Subdivision | None | |
| Heating | Central, Floor Furnace, Heat Pump | |
| Foundation | Basement, Crawl Space | |
| Laundry Features | Inside | |
| Parking Description | Driveway, Attached Garage | |
| Garage spaces | 1 | |
Geographic Data | ||
| County | Durham | |
| Latitude | 35.981583 | |
| Longitude | -78.933041 | |
Address Information | ||
| Address | 2503,2505,2507,2509,2511 Chapel Hill Road, Durham, NC 27707 | |
| Postal Code | 27707 | |
| City | Durham | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | MATHERS REALTY.COM | |
| Listing Office Phone | 704-831-5900 | |
| Listing Agent | Ian Stevens | |
| Listing Agent Phone | 315-283-5729 | |
| Attribution Contact | ianstevens32296@gmail.com | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
School Information | ||
| Elementary School | Unspecified | |
| Middle School | Unspecified | |
| High School | Unspecified | |
MLS Information | ||
| Days on market | 54 | |
| MLS Status | Active | |
| Listing Date | Apr 30, 2025 | |
| Listing Last Modified | Jun 23, 2025 | |
| Tax ID | 104458 | |
| MLS # | CAR4252311 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 2025-07-01T03:08:26.480763Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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