2626 Harvard Ave - Apartments FOR SALE


Durham, NC 27703- East Durham
$800,000 USD
919-323-0527
2626 Harvard Ave, Durham, NC for Sale
$800,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2626 Harvard Ave
Durham, NC 27703
East Durham


HIGHLIGHTS

  • Turnkey Condition — All three homes are move-in ready with zero deferred maintenance or renovation risk New Construction Quality — Two flag lot homes
  • New Construction Quality — Two flag lot homes with modern builds, warranties, and premium finishes
  • Flag Lot Privacy Premium — Secluded settings command above-market rents and attract long-term tenants
  • Portfolio Efficiency — Three doors in one closing reduces per-unit transaction costs and simplifies management
  • East Durham Location — Minutes to downtown Durham, Duke University Medical Center, and Research Triangle Park
  • Strong Appreciation Trajectory — One of the Triangle's top-performing submarkets for both rent growth and equity appreciation

OVERVIEW

OFFERING OVERVIEW A rare opportunity to acquire a turnkey, three-property single-family portfolio positioned in one of Durham's fastest-appreciating submarkets. This package combines two brand-new construction homes thoughtfully sited on private flag lots — offering separation, privacy, and contemporary finishes — alongside a fully renovated SFH on Harvard Avenue in East Durham. Whether you are a buy-and-hold investor seeking immediate cash flow, a developer rounding out a portfolio, or a 1031 exchange buyer, this offering delivers scale, quality, and location in a single transaction. THE PROPERTIES Properties B & C — New Construction | Flag Lots Both flag lot homes are newly built from the ground up, featuring modern open floor plans, high-end finishes, energy-efficient systems, and dedicated off-street parking. As brand-new construction, these homes benefit from builder warranties, modern mechanical systems, and zero deferred maintenance — eliminating the near-term capital expenditure risk that comes with older stock. Tucked behind the primary street frontage on private flag lots, each home enjoys the quiet and separation that commands premium rents and attracts quality long-term tenants. Property A — Fully Renovated SFH | Harvard Avenue | $1,600/Month Current Rent This East Durham address has undergone a thorough, top-to-bottom renovation — highlighted by a fully updated kitchen with modern cabinetry and finishes, and a brand-new HVAC system ensuring comfort and efficiency for years to come. The home is currently occupied and generating $1,600/month in rental income, providing immediate, in-place cash flow from day one of ownership. With no deferred maintenance and a proven rental history, this asset is a stabilized, income-producing anchor for the portfolio.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

3

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Durham SFH Bundle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,527 SF

ZONING

RU-5

APN/PARCEL ID

114324

ASK ABOUT THIS PROPERTY

919-323-0527

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919-323-0527

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