Durham Multifamily Development
For Sale
$4,160,000
2300 E Geer St, Durham, NC 27704
8.22-acre site with approved plans for 208 multifamily units.
Property SizeContact for details
Lot Size8.22 Acres
Days on Market170
Property Features for 2300 E Geer St
General Information
Standard status
Active
Lot size
8.22 Acres
Property subtype
Land
Building Details
Year Built
1929
Listing Agency:
Lee & Associates - Raleigh Durham
(919) 909-9779
Listed By:
Russell Stewart
(919) 909-9779
Source:
Lee-associates
Added: Mar 4
Changed: Aug 8
Last Checked: Jul 16 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
This \u00b18.22-acre development site, located at 2300 E Geer Street in Durham, North Carolina, comprises two contiguous parcels within Durham County. It benefits from an approved site plan for a 208-unit multifamily community. The approved plan allows for a four-story residential product, presenting a rare opportunity for investors and developers to advance a fully entitled project in a growing East Durham corridor. The property fronts E Geer Street, a key east–west thoroughfare, providing convenient access to Downtown Durham and nearby employment centers. The area is characterized by strong residential growth, expanding commercial activity, and proximity to major transportation routes serving the greater Research Triangle region. The site consists of two parcels: PIN 0842684325 (5.34 acres at 2300 E Geer St.) and PIN 0842688359 (2.88 acres at 2240 E Geer St.). The approved site plan includes 24 affordable units at 60% AMI. Public water and sewer are available. The site is surrounded by residential neighborhoods and infill development, offering convenient access to Downtown Durham and major regional routes.
Key Highlights
- Approved site plan entitlements for a 208‑unit multifamily community.
- Located in a growing East Durham corridor with strong residential growth and expanding commercial activity.
- Convenient access to Downtown Durham and major regional transportation routes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 27704, NC
39,532
Population
16,824
Households
2.3
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
41.4 sq mi
ZIP Area
955
Density / Sq Mi
$62,435
Median Household Income
$36,955
Median Earnings
$1,306
Median Rent
$270,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 8.22-acre site with approved plans for 208 multifamily units.
Where is this residential land & home lot located?
The property is located at 2300 E Geer St Durham, NC.
What is the asking price?
The asking price for this property is $4,160,000.
What are key features of this property?
This property features: Approved site plan entitlements for a **208‑unit multifamily community.**; Located in a growing East Durham corridor with strong residential growth and expanding commercial activity.; Convenient access to Downtown Durham and major regional transportation routes.
