506 N Hyde Park Ave Avenue Durham, NC $ 350,000
506 N Hyde Park Ave Avenue
$ 350,000
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506 N Hyde Park Ave Avenue

Durham, NC, 27703
$ 350,000
Bedrooms2 Baths2.0 Sq 1,505

Monthly Estimate*

$ 2,326

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Multi-Family Home for sale in Durham, NC

for $350,000 with 2 bedrooms and 2 full baths. This 1,505 square foot home was built in 1925 on a lot size of 0.18.

IINVESTOR ALERT! An ideal opportunity for owner occupied. Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space. Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come. Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential. Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city!

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Multi-Family Active

Price

$ 350,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,969

Style

Bungalow

Lot Size

0.18

Year Built

1925

Town/City

Durham

County/Region

Durham

MLS | Web ID

10035589

Features
General
Interior Features Laminate Counters Smart Thermostat
Sewer Public Sewer
Heating Central Electric Heat Pump Natural Gas
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Shingle
Appliances Free-Standing Electric Oven Free-Standing Electric Range Free-Standing Refrigerator Microwave
Exterior Features Private Entrance Rain Gutters
Patio/Porch Features Porch
Architectural Style Bungalow
Construction Materials Vinyl Siding
Year Built 1925
Levels One
Property SubType Duplex
Community Features Park Sidewalks
County Durham
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Energy Efficient Thermostat
Subdivision Name Hyde Park
Garage Y/N N
Total Rooms 0
Status Active
Directions From I 885 S turn slightly onto NC-147N Take exit 2 for NC -55/ Alston Ave .2 miles Right onto NC-55 w/s Alston Ave .2 miles Turn right onto Taylor St .3 miles Turn Left onto N Hyde Park Ave .1 mi
High School Durham - Northern
City Durham
Buyer Agent Compensation 2.00
View Y/N N
Senior Community Y/N N
Open Parking Spaces 4
Lot Size Units Square Feet
Lot Size Square Feet 7840.8
Waterfront Y/N N
Carport Y/N N
Elementary School Durham - Eastway
Property Attached Y/N Y
Tax Annual Amount 1969.88
Middle/Junior High School Durham - Neal
Ok to Lease 12 Months
Lease Considered Y/N N
Days on Market 1
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Flooring Hardwood Laminate Vinyl
Total Fireplaces 1
Common Walls 1 Common Wall
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 1505
Full Baths 2
Half Baths 0
Total Bedrooms 2
Below Grade Finished Area 0
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Fencing Back Yard
Parking Features Off Street Shared Driveway Unpaved
Water Source Public
Lot Size Area 7840.8
Foundation Details Pillar/Post/Pier
Spa N
Building Area Total 1505
Lot Size Acres 0.18
Road Frontage Type City Street
Open Parking Y/N Y
Horse Y/N N
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* Excluded Features
List By
Christopher Mitchell

Listing Agent

Coldwell Banker Advantage

Broker

Affordability Calculator

$2,490
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,326
Monthly Property Taxes
$164
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1123724 Elementary School
1123535 Middle School
Durham - Northern High School High School
Pricing History
DatePricePrice ChangeDescription
6/14/2024$350,000 Listed Price

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506 N Hyde Park Ave Avenue, Durham, NC, 27703 is a Multi-Family Home for sale at $350,000 with 1,505 sqft and a lot size of 0.18. 506 N Hyde Park Ave Avenue has 2 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 27703 which is in Durham, NC