1007 Blackthorn Ln - Apartments FOR SALE


Durham, NC 27703- Eastern Durham
$1,750,000 USD
919-738-8855
1007 Blackthorn Ln, Durham, NC for Sale
$1,750,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

1007 Blackthorn Ln
Durham, NC 27703
Eastern Durham


HIGHLIGHTS

  • 5-Unit New Construction Townhome Asset
  • High-Growth Durham Submarket (RTP/RDU Access)
  • Modern, Low-Maintenance Product with Strong Rental Demand

OVERVIEW

Sherron Townes presents the opportunity to acquire a newly constructed 5-unit townhome building in one of Durham’s fastest-growing corridors. The asset features modern townhomes designed with efficient, flexible floor plans and durable, marketable finishes suited for today’s renter and long-term hold strategies. Each unit offers open-concept living, bright interiors, and thoughtful design elements that enhance livability, including built-in features, functional flex spaces, and select outdoor living components. The product is positioned to appeal to a broad tenant base seeking low-maintenance, well-located housing with contemporary design. Located along Sherron Road, the property provides convenient access to Highway 70, Research Triangle Park (RTP), Raleigh-Durham International Airport, and the greater Triangle employment hubs. The surrounding area continues to experience significant residential growth and infrastructure investment, supporting strong rental demand and long-term appreciation potential. Zoned Planned Development Residential (PDR), the site allows for higher-density residential use and a cohesive community layout. This offering provides investors the ability to acquire scale within an emerging submarket, with optionality for individual unit disposition or long-term rental hold.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

5

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherron Townes - 5-Unit New Construction

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PDR

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Charles UmsteadCompass RealtyMore Info
919-738-8855

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Charles UmsteadCompass RealtyMore Info
919-738-8855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.