$550,000
 $2,953 est/mo Sourced by Back At You

311 Lyric Street,Durham, NC 27701

Durham, NC 27701

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Description

Income-producing triplex minutes from Downtown Durham in the 27701, a 3-unit multifamily investment property priced right! Three 2-bed/1-bath, two-level units (approx. 2,510 total sq ft) on a 0.22-acre lot, each with a private entrance, rear deck, washer/dryer hookups and its own utilities. Two units are leased with in-place income; Unit C is vacant and ready to lease at a projected $1,600/month, or owner-occupy one unit and let the other two offset the mortgage. Off-street parking plus a storage shed. Quick access to Downtown Durham, Duke University, Duke Health, dining, entertainment, NC-147 and I-85. Two of three water heaters replaced in 2026. A strong fit for rental property investors, 1031 exchange buyers and first-time multifamily owners looking for a Durham triplex for sale close to downtown.

Details

MLS #10192976
Listing TypeFor Lease
StatusActive
Year1985
Days On Site40
Listing Provided ByCompass -- Raleigh | Shikha Anand

Features

Bed(s)6
Bath(s) 3 Total
SQ Feet2,510
Story(s)2
ZoningRM-12
Acreage0.22

Interior

Interior FeaturesStorage
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air
Laundry FeaturesElectric Dryer Hookup, Washer Hookup, Washer/Dryer Hookups

Exterior

RoofShingle
Foundation DetailsCrawlspace
Construction MaterialsVinyl Siding
Patio And Porch FeaturesDeck

Parking

Parking FeaturesGravel, Unpaved

Utilities

SewerPublic Sewer

Taxes

Tax Assessed Value400350
Tax Legal DescriptionProp-Harrison L B Pl:000107-000048
Tax Year2026

Area Information

StateNC
CountyDurham
CityDurham
Zip Code27701
AreaDurham
Community NameNot in a Subdivision
Listing VS Median (in Not in a Subdivision)
Price:
$550,000
low | high
Med:
$374,900
81.836363636364% of Average
sqft:
2,510
low | high
Med:
1,422
93.346613545817% of Average
$ / sqft:
$219
low | high
Med:
$264
29.683032860248% of Average
On site:
40
low | high
Med:
52
76.923076923077% of Average
Sourced by Back At You

Market Activity 27701

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Learn More About This Property

StateNC
CountyDurham
CityDurham
Zip Code27701
AreaDurham
Community NameNot in a Subdivision
Listing VS Median (in Not in a Subdivision)
Price:
$550,000
low | high
Med:
$374,900
81.836363636364% of Average
sqft:
2,510
low | high
Med:
1,422
93.346613545817% of Average
$ / sqft:
$219
low | high
Med:
$264
29.683032860248% of Average
On site:
40
low | high
Med:
52
76.923076923077% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $412K - $687K
sqft: 1,500 - 3,000
Listing Updated: October 24, 2026 at 3:43:24 PM PDT