Multi-Parcel Residential Redevelopment
For Sale
$500,000
1513 Cole Mill Road, Durham, NC 27705
LAND - Durham, NC
Property SizeContact for details
Lot Size1.15 Acres
Days on Market165
Property Features for 1513 Cole Mill Road
General Information
Property type
Land
Property subtype
Other
Zoning
R-20
Vegetation
Partially Wooded
Subdivision
Not in a Subdivision
Elementary school
Durham - Hillandale Elementary
Middle school
Durham - George L Carrington Middle
High school
Durham - Riverside High
Standard status
Active
APN
174265
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Cole E J/Lt#21-22 Pl:00006A-000083
Tax Annual Amount
6010
Legal Description
Prop-Cole E J/Lt#21-22 Pl:00006A-000083
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Added: Feb 25
Changed: Jul 17
Last Checked: Aug 9 at 3:06PM
MLS# 10148593
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a 1.15-acre residential site in Durham, zoned R-20, consisting of three parcels at 1513, 1515, and 1519 Cole Mill Road. The property includes three rental homes currently leased for a combined $2,950 per month.
The site is located across from Croasdaile Country Club. It is described as being within a five-minute drive of Downtown Durham and Duke University, with immediate access to I-85 connecting to the greater Raleigh-Durham-Chapel Hill area and Research Triangle Park employment centers.
For buyers considering redevelopment, the configuration is a three-parcel assemblage with existing tenant-occupied homes, situated in an area noted for new construction near Croasdaile.
The site is located across from Croasdaile Country Club. It is described as being within a five-minute drive of Downtown Durham and Duke University, with immediate access to I-85 connecting to the greater Raleigh-Durham-Chapel Hill area and Research Triangle Park employment centers.
For buyers considering redevelopment, the configuration is a three-parcel assemblage with existing tenant-occupied homes, situated in an area noted for new construction near Croasdaile.
Key Highlights
- Prime location for residential redevelopment across from Croasdaile Country Club in an affluent area.
- High median household income ($110,000+) in the surrounding 1‑mile radius.
- Immediate access to I‑85, providing easy connection to Raleigh‑Durham‑Chapel Hill and Research Triangle Park.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - R-20 zoned, 1.15-acre site with three rental homes across from Croasdaile Country Club.
Where is this single family property located?
The property is located at 1513 Cole Mill Road Durham, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime location for residential redevelopment across from Croasdaile Country Club in an affluent area.; High median household income ($110,000+) in the surrounding 1‑mile radius.; Immediate access to I‑85, providing easy connection to Raleigh‑Durham‑Chapel Hill and Research Triangle Park.
