Welcome to an exceptional investment opportunity in Downtown Durham! This Multifamily Duplex, nestled on a single parcel, features two 756 sq ft units, each offering 2 beds and 1 full bath floor plans. Currently renting below market value, there's incredible potential for increased rental income. One unit has already been tastefully renovated, showcasing modern allure, while the other presents a prime canvas for a savvy investor's touch. With both units currently leased until July 2024, generating a combined monthly rent of $1,250 each, this property promises immediate returns. Explore the possibilities of owner occupancy in one unit while leasing the other for additional investment income. Seize the chance to enhance value, capitalize on below-market rents, and be part of the vibrant Downtown Durham community. This is not just a property; it's a strategic investment in the heart of a thriving city. Welcome to your doorway to downtown prosperity!
Sold for $350,000 on 01/26/24
$350,000
1120 Drew St, Durham, NC 27701
4beds
1,512sqft
Duplex, Multi Family
Built in 1971
-- sqft lot
$342,900 Zestimate®
$231/sqft
$1,328 Estimated rent
Home value
$342,900
$319,000 - $367,000
$1,328/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 11:59pm
Listed by:
Jeremy Brazoban 919-636-5323,
EXP Realty LLC
Bought with:
Andrea Ortiz, 274633
Movil Realty
Source: Doorify MLS,MLS#: 2543130
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Features
- Flooring: Vinyl
Interior area
- Total structure area: 1,512
- Total interior livable area: 1,512 sqft
- Finished area above ground: 1,512
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Features
- Has view: Yes
Lot
- Size: 8,276 sqft
Details
- Parcel number: 083159363029
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Durham
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2024 | Sold | $350,000$231/sqft |
Source:  Doorify MLS #2543130 | ||
| 12/4/2023 | Pending sale | $350,000$231/sqft |
Source: Doorify MLS #2543130 | ||
| 11/27/2023 | Listed for sale | $350,000+94.4%$231/sqft |
Source: Doorify MLS #2543130 | ||
| 3/15/2021 | Sold | $180,000+462.5%$119/sqft |
Source: Public Record | ||
| 1/29/1998 | Sold | $32,000$21/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,417 +6.5% | $101,585 |
| 2023 | $1,331 +2.3% | $101,585 |
| 2022 | $1,300 +0.5% | $101,585 |
Find assessor info on the county website
Neighborhood: 27701
Nearby schools
GreatSchools rating
- 3/10Eastway ElementaryGrades: PK-5Distance: 0.8 mi
- 4/10Lucas Middle SchoolGrades: 6-8Distance: 7.4 mi
- 2/10Northern HighGrades: 9-12Distance: 6.6 mi
Schools provided by the listing agent
- Elementary: Durham - Eastway
- Middle: Durham - Lucas
- High: Durham - Northern
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$342,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$342,900