Property profile

702 Park Ave Durham, NC 27703

OFF-MARKET
Garden apartment buildings
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Property ID
US53-1909643
3,000 SF 0.4 ac Built 1971
Last sale Jun 2023·$530,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A four-unit multifamily (quadplex) building located at 702 Park Ave in Durham, North Carolina. The property includes a large lot, and there may be an additional small lot available. The building is configured to house four residential units within a single multifamily structure.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$2k
Tax billed · 2024
Assessed value$164k
Assessed land$30k
Assessed improvement$134k
Effective rate1.40%

Value estimate

· Nov 2026
$660k
$594k – $726k
AI approach$670k
Submarket $/SF estimate$753k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$267/SF
ZIP average, outlier-cleaned · 16 recorded sales of this use type
Observed band · Q1–Q3$133 – $656
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RS-M
Multifamilydevelopmentis permitted in areas designated RS-M, which should have convenient access to arterial streets and nearby civic, co...
General categoryCIVIC_INSTITUTIONAL
JurisdictionDURHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.0
Dental Office15.7
Law Firm13.1

Location

702 Park Ave Durham, NC 27703-2157
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2313 Quincy, Durham, NC 27703-3153 $2,000,000 Oct 2024 3,888 SF
1111 Alma, Durham, NC 27703-1642 $700,000 Aug 2024 3,000 SF
918 Fiske, Durham, NC 27703-1643 $640,000 Oct 2023 3,088 SF
108 Guthrie, Durham, NC 27703-3152 $460,000 Aug 2022 3,176 SF
817 Park, Durham, NC 27703-2158 $680,000 Dec 2021 3,000 SF
916 Fiske, Durham, NC 27703-1600 $315,000 Apr 2021 3,156 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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