$360,000

1008 Alabama Avenue, Durham, NC 27705

  • 2 beds |
  • 2 baths |
  • 1,008 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $357/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Old West Durham duplex at 1008 Alabama Avenue in Durham, N.C.The property features one-bedroom units and offers an attractive opportunity for investors seeking both in-place income and value-add potential. One unit has been recently updated and is leased for $1,000 per month (lease expiration Aug-26). The second unit is vacant, providing an opportunity for immediate upside through lease-up to market rents and value-add renovations. The vacancy also presents an excellent opportunity for an owner-occupant seeking to live in one unit while generating income from the other.Located in Durham's desirable Old West Durham neighborhood, the property is positioned within an area that has experienced significant revitalization through new infill development and high-end residential renovations. The neighborhood's proximity to Downtown Durham, Duke University, and major employment centers continues to drive strong rental demand and long-term investment growth, making 1008 Alabama Avenue a compelling opportunity in one of the Triangle's most sought-after neighborhoods.

Listing Status:
Active
Data Last Updated:
May 13, 2026 at 5:22PM
Listing Office:
Deaton Investment Real Estate : 919-847-1117
Listing Agent:
Thomas Furlow : 919-412-3913
MLS ID:
10166156
  • Basement: Crawl Space
  • Flooring: CarpetLuxury VinylVinyl
  • A/C: Window Unit(s)
  • Heating: Baseboard
  • Style: Bungalow
  • Parking: DrivewayOn Street
  • Roofing: Asphalt
  • General: Wood Siding1Crawlspace
  • Originating MLS: AMLSNC_TRIANGLE
  • County: Durham
  • Zoning: Prop-Andrews J B Est Resu B/Lt#02 Pl:00018A-000024103784
  • Water: Public
  • Sewer: Public Sewer
  • Source: AMLSNC_TRIANGLE

This listing courtesy of Thomas Furlow , Deaton Investment Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Similar Listings Nearby