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$490,000
Monthly Est:$2,439
8 Beds
4 Baths4 full baths
2,440sqft
1512 N Hyde Park Ave, Durham, NC 27701
$490,000
$2,439/moEst:
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Quadruplex
Built in 1952
$-- HOA
0.16 acre lot
$201/sq.ft
Description
Excellent investment opportunity in Durham's Morgan Park community! This well-located quadruplex features four separate units offering a total of 8 bedrooms and 4 full bathrooms, making it an attractive addition to any rental portfolio. With $4,800 in gross monthly rental income, this property comes close to the popular 1% rule, making it an appealing opportunity for investors seeking rental income and long-term potential. The established rental history provides an opportunity for continued income generation. Interior features include a combination of carpet, ceramic tile, and luxury vinyl flooring, along with electric ranges and refrigerators. Public water and sewer add to the property's convenience, while dedicated off-street parking provides easy access for residents. Additional development opportunity: The adjacent lot is also available for sale (MLS 10198730 available separately), offering potential for future development. Build a duplex with approximately 600 square feet per side or explore the possibility of a 1,200-square-foot single-family home, subject to zoning, permitting, and local requirements. Conveniently located just minutes from downtown Durham, shopping, dining, entertainment, and major roadways, this property combines existing rental income with additional development potential. Don't miss this opportunity to own a multifamily investment property in a desirable Durham location!
- Houzeo last checked: 5 minutes ago
- Listing updated: October 16, 2026 at 1:24 pm
- Listing Provided by: Favio Ruiz (704) 281-8526 | DASH Carolina (984) 205-2279
- Source: Doorify MLS-NC | MLS#: 10198731
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1952
HOA Fees
-
Finished Area
2,440 sqft
Lot Size
0.16 acre lot
Basement Area
- sqft
MLS Name
Doorify MLS
MLS Number
10198731
MLS Status
Active
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Cooling
Window Unit(s)
Flooring
Carpet, Tile, Vinyl
Sewer
Public Sewer
Heating
Wall Furnace
Construction
Year Built
Year Built: 1952
Home type
Quadruplex
Construction Materials
Concrete
Architectural Style
Traditional
Roof
Shingle
Foundation Details
Concrete, Slab
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Not In A Subdivision
Price History
| Date | Event | Price |
|---|---|---|
10/16/2026 Source: | Listed for Sale | $65,000 -86.73% $0/sqft |
10/16/2026 Source: | Price Increased | $490,000 +45.40% $0/sqft |
05/01/2026 Source: | Sold | $337,000 -3.44% $0/sqft |
03/15/2026 Source: | Pending | $349,000 $0/sqft |
03/12/2026 Source: | Price Decreased | $349,000 -5.42% $0/sqft |
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Based on information from the Doorify MLS (Triangle MLS, Inc.) through Oct 20, 2026, 10:15PM. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. © 2026 Doorify MLS, Inc. of North Carolina. All rights reserved. Non-MLS properties are not included. Properties sold were listed/sold by various MLS participating offices. © 2026 Doorify MLS, Inc. of North Carolina. All Rights Reserved.
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