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2626 Harvard Ave
Durham, NC 27703
East Durham SFH Bundle · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Turnkey Condition — All three homes are move-in ready with zero deferred maintenance or renovation risk New Construction Quality — Two flag lot homes
- Flag Lot Privacy Premium — Secluded settings command above-market rents and attract long-term tenants
- East Durham Location — Minutes to downtown Durham, Duke University Medical Center, and Research Triangle Park
- New Construction Quality — Two flag lot homes with modern builds, warranties, and premium finishes
- Portfolio Efficiency — Three doors in one closing reduces per-unit transaction costs and simplifies management
- Strong Appreciation Trajectory — One of the Triangle's top-performing submarkets for both rent growth and equity appreciation
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $266,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 3 | Building Size | 2,638 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RU-5 - Residential | ||
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 2,638 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
| Zoning | RU-5 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
Property Taxes
| Parcel Number | 114324 | Improvements Assessment | $100,764 |
| Land Assessment | $113,400 | Total Assessment | $214,164 |
Property Taxes
Parcel Number
114324
Land Assessment
$113,400
Improvements Assessment
$100,764
Total Assessment
$214,164
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