515 Dowd StB (1) - 515 Dowd Street, Durham, NC 27701, Durham
515 Dowd StD (2) - 515 Dowd Street, Durham, NC 27701, Durham
515 Dowd StC (4) - 515 Dowd Street, Durham, NC 27701, Durham
515 Dowd StH - 515 Dowd Street, Durham, NC 27701, Durham
515 Dowd StE (2) - 515 Dowd Street, Durham, NC 27701, Durham
515 Dowd StA (2) - 515 Dowd Street, Durham, NC 27701, Durham
515 Dowd StG (3) - 515 Dowd Street, Durham, NC 27701, Durham
7 photos

$8,000,000

515 Dowd Street, Durham, NC 27701
Durham, NC 27701
Listed by Jackie Moore · Moore's Realty, Inc.
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1940

About this home

Use your imagination! This is an exciting opportunity for visionary investors, developers, and entrepreneurs! This property offers approximately 3.54 acres of land just minutes from downtown Durham. The site currently includes 2 attached brick buildings (Finished Square Footage is 53,438 and within this 53,438 Square Footage approximately 29,287 Square Footage is presently used for religious/institutional purposes. With its substantial land area, convenient location, and RU-5(2) residential zoning, this property presents an opportunity to explore a variety of residential redevelopment concepts. Potential development concepts may include: Single-family homes, Duplexes, Townhomes, Detached rowhouses, and Multiplex residential development. Prospective purchasers should independently verify zoning, permitted uses, density, development standards, subdivision requirements, utilities, environmental conditions, access, and all other applicable requirements with the City of Durham and Durham City-County Planning Department. Development potential is subject to governmental approval and site-specific due diligence. YOU DO NOT WANT TO MISS OUT ON THIS OPPORTUNITY! MAKE AN OFFER!

Property details

MLS #
10187664
Property type
Mixed Use
Subdivision
N/A
Status
Active
Days on market
49
On market date
August 20, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
120
Lot size
3.54 acres
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Eastway Elementary
0.74 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
420
Student:teacher ratio
10.2:1
District
Durham Public Schools
Middle
Lucas Middle
7.46 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
420
Student:teacher ratio
10.5:1
District
Durham Public Schools
High
City of Medicine Academy
3.24 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
352
Student:teacher ratio
14.1:1
District
Durham Public Schools

Walkability

Blended score for Durham's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools20
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Durham, from live MLS data.

On the market 49 days -- 61 fewer days than Durham's current average of 110 days.
For reference, the median list price across 1,678 active listings in Durham right now is $375,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$48,327/mo
$1,600,000 down
$6,400,000 loan
Principal & interest$41,510
Property tax (est.)$6,667
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.