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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1008 Alabama Ave , Durham, NC 27705
$340,000
Est. Payment: $1,752.09/mo
2 Bed
2 Bath
1008 Sqft
Status: active | Days on site: 69
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Thomas Furlow , 919-412-3913 Deaton Investment Real Estate , 919-847-1117. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1930

County

Durham

Neighborhood

Not in a Subdivision

Listing ID

10166156

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Window Unit(s)
Fireplaces:
Floor:Carpet,Vinyl
Above Ground Sq Ft:1008
Below Ground Sq Ft:0
Other:Public

Exterior Features

Zoning:R-3
Roof:Asphalt
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$1,752
Taxes
$286

Home Price

$340,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$68,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,752.09

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,752.09 $285.79 $0.00 $2,037.88
Yearly $21,025.08 $3,429.52 $0.00 $24,454.60
Total $630,752.40 $102,885.60 $0.00 $733,638.00

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Durham, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-01T23:27:03.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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