For sale

$550,000

311 Lyric St, Durham, NC 27701

6beds

2,510sqft

$3,548/mo

Get pre-qualified

Triplex

Built in 1985

-- sqft lot

$525,800 Zestimate^®

$219/sqft

$-- HOA

What's special

Rear deckOff-street parkingStorage shed

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.

26 days
749
88

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Central

Cooling

Central Air

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Features

Flooring: Carpet, Luxury Vinyl, Other

Interior area

Total structure area: 2,510
Total interior livable area: 2,510 sqft
Finished area above ground: 2,510
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Gravel, Unpaved
Uncovered spaces: 4

Features

Levels: Two
Stories: 2

Lot

Size: 9,583 Square Feet

Details

Parcel number: 110110
Zoning: RM-12
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Vinyl Siding
Foundation: Crawlspace
Roof: Shingle

Condition

New construction: No
Year built: 1985

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Durham

Financial & listing details

Price per square foot: $219/sqft
Tax assessed value: $400,350
Annual tax amount: $4,069
Date on market: 9/16/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Lease term: 12 Months
Tenant pays: All Utilities

Estimated market value

$525,800

$500,000 - $552,000

$1,701/mo

Price history

Date	Event	Price
9/16/2026	Listed for sale	$550,000$219/sqft
Source: Doorify MLS #10192976 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,969 +61.5%	$400,350 +127.2%
2024	$2,458 +6.5%	$176,221
2023	$2,308 +2.3%	$176,221
2022	$2,255 +0.5%	$176,221
2021	$2,245 +2.4%	$176,221
2020	$2,192	$176,221
2019	$2,192	$176,221 +15.6%
2018	$2,192 +6.8%	$152,376
2017	$2,052 +3.5%	$152,376
2016	$1,983	$152,376 -4.7%
2015	$1,983 -10.4%	$159,874
2014	$2,213	$159,874
2013	--	$159,874
2012	--	$159,874
2011	$2,084 +0.4%	$159,874
2010	$2,075 +4%	$159,874
2009	$1,995	$159,874
2008	$1,995 +47.7%	$159,874 +67.1%
2007	$1,351 +1.4%	$95,650
2006	$1,331	$95,650
2005	$1,331 +1.4%	$95,650
2004	$1,313	$95,650