Individually Owned Property summary
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 1733 Morehead Ave, Durham, NC 27707. Built in 1960, this two-story Class B property boasts 100% occupancy, generating a strong net operating income (NOI) of $23,896, translating to a 3.19% capitalization rate. The asking price is $750,000, representing a price per unit of $187,500. The property is classified as a stabilized, owner-user investment, offering immediate cash flow and… potential for future appreciation. Situated in Durham County, this property benefits from a desirable location within the city of Durham. The building consists of one structure with four units, providing a manageable and efficient investment portfolio. This is a rare opportunity to acquire a fully occupied multifamily property in a thriving North Carolina market, presenting a compelling value-add proposition for discerning investors seeking strong returns and stable income. The property's current high occupancy rate and solid NOI make it an attractive investment, with potential for further value enhancement through strategic improvements and management. The property's location in Durham, NC offers access to a growing population and robust rental market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,492 SF
- Lot area
- 0.33 ac
- Year built
- 1960
- Stories
- 1
- APN
- 108514
- Zoning
- RU-M
- Assessed value · 2024
- $390,647
- Annual tax · 2024
- $5,449
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The RU Districts are established to provide for orderly urban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Owner Contacts
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- Everything in the Light report
- Full Property Data
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- Value Estimation
- NOI Potential
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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