$490,000
About this home
Excellent investment opportunity in Durham's Morgan Park community! This well-located quadruplex features four separate units offering a total of 8 bedrooms and 4 full bathrooms, making it an attractive addition to any rental portfolio. With $4,800 in gross monthly rental income, this property comes close to the popular 1% rule, making it an appealing opportunity for investors seeking rental income and long-term potential. The established rental history provides an opportunity for continued income generation. Interior features include a combination of carpet, ceramic tile, and luxury vinyl flooring, along with electric ranges and refrigerators. Public water and sewer add to the property's convenience, while dedicated off-street parking provides easy access for residents. Additional development opportunity: The adjacent lot is also available for sale (MLS 10198730 available separately), offering potential for future development. Build a duplex with approximately 600 square feet per side or explore the possibility of a 1,200-square-foot single-family home, subject to zoning, permitting, and local requirements. Conveniently located just minutes from downtown Durham, shopping, dining, entertainment, and major roadways, this property combines existing rental income with additional development potential. Don't miss this opportunity to own a multifamily investment property in a desirable Durham location!
Property details
- MLS
- Doorify MLS
- MLS #
- 10198731
- Property type
- Quadruplex
- Subdivision
- Not in a Subdivision
- Status
- Active
- Days on market
- 2
- On market date
- October 16, 2026
- Stories
- N/A
- Total bathrooms
- 4
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.16 acres
Location
Get directions →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.
- Enrollment
- 420
- Student:teacher ratio
- 10.2:1
- District
- Durham Public Schools
- Enrollment
- 420
- Student:teacher ratio
- 10.5:1
- District
- Durham Public Schools
- 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).
Market position
How this listing compares to current activity in Durham, from live MLS data.
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 3 days ago.
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.