1008 Alabama Avenue, Durham, NC 27705
Not in a Subdivision · Durham County
Key Facts
Description
Old West Durham duplex at 1008 Alabama Avenue in Durham, N.C. The property features one-bedroom units and offers an attractive opportunity for investors seeking both in-place income and value-add potential. One unit has been recently updated and is leased for $1,000 per month (lease expiration Aug-26). The second unit is vacant, providing an opportunity for immediate upside through lease-up to market rents and value-add renovations. The vacancy also presents an excellent opportunity for an owner-occupant seeking to live in one unit while generating income from the other. Located in Durham's desirable Old West Durham neighborhood, the property is positioned within an area that has experienced significant revitalization through new infill development and high-end residential renovations. The neighborhood's proximity to Downtown Durham, Duke University, and major employment centers continues to drive strong rental demand and long-term investment growth, making 1008 Alabama Avenue a compelling opportunity in one of the Triangle's most sought-after neighborhoods.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1930
Living Area
1,008 sq ft
Lot Size
0.12 acres
Zoning
R-3
Days on Market
69
MLS® Listing#
10166156
Property Features
Cooling
Heating
Flooring
Parking
Construction
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$3,430
Tax year 2025
Assessed Value
$345,962
Parcel Number
103784
Affordability Calculator
$68,000
Estimated monthly payment
$1,810/mo
Principal $272,000 · Est. interest $379,464 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Durham, NC
- $440,828
- Median Listing Price
- 63
- Median Days on Market
- 1,855
- Median Sq Ft
- $227
- Median Price / Sq Ft
- 1,323
- Active Listings
- This home’s price is 23% below the area median.
- Its price per sq ft is 49% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Durham, NC.
Location
Getting Around
Points of Interest in Durham, NC
Showing the Durham area map.
Nearby Schools
E. K. Powe Elementary
Elementary · 0.5 mi away
Branches Community School
School · 0.7 mi away
North Carolina School of Science and Mathematics
Secondary · 0.7 mi away
NCSSM
School · 0.7 mi away
Little School
School · 0.9 mi away
School for Conversion
School · 0.9 mi away
Duke School for Children
School · 0.9 mi away
Beth El Preschool Durham
School · 1.2 mi away
Brogden Middle School
Secondary · 1.4 mi away
Indigo Montessori School
Elementary · 1.4 mi away
Immaculata Catholic School
School · 1.5 mi away
DPS Staff Development Center
School · 1.5 mi away
Durham Charter School
School · 1.6 mi away
Durham School of the Arts
Secondary · 1.6 mi away
Montessori Farm School
Elementary · 1.7 mi away
Duke Memorial Weekday School
School · 1.7 mi away
Community Preschool at Lakewood
School · 1.8 mi away
Central Park School for Children
Elementary · 1.8 mi away
Insight Colearning Center
Secondary · 1.9 mi away
Club Boulevard Elementary School
Elementary · 1.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3622 Colchester Street 25, Durham, NC | $239,000 | 2 | 2 | 925 |
| 1418 Hearthside Street, Durham, NC | $239,000 | 3 | 2 | 975 |
| 117 Herbert Street, Durham, NC | $239,500 | 3 | 1 | 1,044 |
| 2000 Southpoint Landing Way 2205, Durham, NC | $239,900 | 1 | 1 | 972 |
| 90 Stone Hill Court 90, Durham, NC | $239,900 | 2 | 2 | 1,123 |
| 3019 Ross Road, Durham, NC | $239,900 | 2 | 1 | 1,002 |
Moving Cost Estimate
EXIT Agents in Durham
Listing Courtesy: Deaton Investment Real Estate - 9198471117
Last Updated: 2026-05-09
C15067