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.
For sale
Price cut: $56.5K (8/5)
$692,500
1911 Morehead Ave, Durham, NC 27707
8beds
3,360sqft
Est.:
Quadruplex, Multi Family
Built in 1961
-- sqft lot
$674,100 Zestimate®
$206/sqft
$-- HOA
What's special
Refinished hardwoodsCustom desksWalk-in showersUpdated finishesTiled bathsVinyl flooringNew hvac systems
- 57 days
- on Zillow |
- 2,500 |
- 168 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 12:00pm
Listed by:
Ed W Billings 919-423-6627,
Compass -- Chapel Hill - Durham,
Brooke Gelhaus 860-336-9408,
Compass -- Chapel Hill - Durham
Source: Doorify MLS,MLS#: 10102040

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Forced Air
Cooling
- Central Air
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
- Finished area above ground: 3,360
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Off Street
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Has view: Yes
Lot
- Size: 9,147.6 Square Feet
Details
- Parcel number: 0821165060
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick Veneer
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in a Subdivision
Location
- Region: Durham
Financial & listing details
- Price per square foot: $206/sqft
- Annual tax amount: $6,417
- Date on market: 6/10/2025
- Lease term: 12 Months
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