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336.600.1052
Real Estate Company
1508 N Alston Ave, Durham, NC 27701
- $525,000
- 4
- BD
- 4
- BA
Seller Representative Keller Williams Elite Realty
- List Price
- $525,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 10202773
- Subtype
- Residential Income
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Lot Size
- 22,215
- Acres
- 0.51
- Subdivision
- Not In A Subdivision
Property Description
PRIME DEVELOPMENT OPPORTUNITY LAND AND RENTAL PORTFOLIO MINUTES FROM DOWNTOWN DURHAM! Exceptional investment and development opportunity in one of Durham's growing areas! This portfolio includes 1508, 1510, and 1512 N. Alston Avenue, along with 804 Lee Street, offering exciting possibilities for investors, builders, and developers. The N. Alston Avenue properties currently feature two duplexes with rental income of $625 per month per side, offering existing income while exploring future development opportunities. A feasibility study and preliminary site plan are available in the listing documents, outlining several potential development options prior to the approval of SCAD (Simplifying Codes for Affordable Development), including: An 18 unit apartment community. A 7unit townhome community. Subdivision into nine buildable lots. With the adoption of SCAD, additional density and development opportunities may now be possible, creating even greater potential for this property. Buyers are encouraged to review the attached SCAD information and verify development possibilities with the City of Durham. Conveniently located just minutes from vibrant downtown Durham, major highways, shopping, dining, and surrounding areas experiencing significant growth and redevelopment. Whether you're looking to expand your investment portfolio or capitalize on Durham's continued growth, this is an opportunity worth exploring! Bring your vision and discover the possibilities this unique land portfolio has to offer.
Additional Information
- Taxes
- $3,705
- Zoning
- RM-12
- Flooring
- Carpet
- Heating
- None
- Air Conditioning
- Other
- Stories
- 1
- Levels
- One
- Roof
- Shingle
- Foundation
- Crawl Space
- Parking Features
- Other
- Elementary School
- Durham - Eastway Elementary
- Middle School
- Durham - Durham School of the Arts
- High School
- Durham - Northern High
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .