Address
311 Lyric Street, Durham, NC
Price
$ 550,000
Property Attributes
  • MLS#10192976
  • TypeMulti-Family
  • Listing Status Active
  • CountyDurham
  • CityDurham
  • NeighborhoodNot in a Subdivision
  • Zip27701
  • StyleContemporary
  • Year Built1985
  • Price$ 550,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2510
  • Lot Size0.22 Acres
Data Source:
Triangle MLS (TMLS)
Property Description

Income-producing triplex in Durham's desirable 27701 zip code! The property offers three 2-bedroom, 1-bath residences totaling approximately 2,510 square feet on a 0.22-acre lot. Units A and C feature identical floor plans, with Unit B offering a mirrored layout. Each residence includes its own entrance, defined living and dining spaces, a functional kitchen, two bedrooms and one full bath upstairs. Additional features include off-street parking and outdoor space. Two units are currently leased, providing established rental income, while vacant Unit C is available for showings and offers flexibility for a new tenant or potential owner-occupant. Individual entrances, outdoor space and off-street parking complete the property. Conveniently positioned near Downtown Durham, Duke University, dining, entertainment and major commuter routes, an excellent opportunity to acquire a three-unit multifamily asset in a growing Durham location. Recent Upgrades and Details: Washer/dryer hookups in each unit • Water heaters: 2026, 2026 and 2002 • Individual HVAC systems: 2014, 2000 and 2009

Price History
9/16/2026 Listed $550,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Shingle
Zoning RM-12
Architectural Style Contemporary
Construction Materials Vinyl Siding
Year Built 1985
Levels Two
Property Subtype Triplex
County Durham
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name Not in a Subdivision
Full Baths 3
Status Active
City Durham
Open Parking Spaces 4
Lot Size Units Acres
Lot Size Square Feet 9583
Tax Annual Amount 4069
Ok to Lease 12 Months
Structure Type Triplex
Standard Status Active

Interior Features

Flooring Carpet,Luxury Vinyl,Other
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 2510
Laundry Features Electric Dryer Hookup,Washer Hookup
Total Bedrooms 6
Total Baths 3

Exterior Features

Parking Features Gravel,Unpaved
Water Source Public
Lot Size Area 0.22
Foundation Details Crawlspace
Building Area Total 2510
Lot Size Acres 0.22

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 27701

Price
AVG $440K
$550K
Year Built
AVG 1978
1985