For sale

$269,900

706 Colfax St, Durham, NC 27701

4beds

1,500sqft

$1,741/mo

Get pre-qualified

Duplex

Built in 1970

-- sqft lot

$256,400 Zestimate^®

$180/sqft

$-- HOA

What's special

Investment Opportunity - Turnkey Durham Duplex with Immediate Cash Flow! Excellent opportunity to acquire a fully tenanted, low-maintenance 2-unit residential property just minutes from Downtown Durham and NCCU. Two 2-bedroom, 1-bathroom units. Currently generating $1,900/month in gross rental income ($950/side) with a strong history of consistent occupancy and marketability. Surrounded by recently built and in progress new construction homes. A excellent addition to any real estate portfolio. Roof replaced in 2024. Detailed maintenance and improvement breakdown in MLS docs.

20 days
1,119
133

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 4

Primary bedroom

Level: Main

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Electric Range, Free-Standing Electric Range, Free-Standing Refrigerator, Free-Standing Range, Microwave, Range, Refrigerator, Washer, Washer/Dryer Stacked
Laundry: Inside

Features

Ceiling Fan(s), Stone Counters
Flooring: Carpet, Laminate, Luxury Vinyl, Wood

Interior area

Total structure area: 1,500
Total interior livable area: 1,500 sqft
Finished area above ground: 1,500
Finished area below ground: 0

Property

Parking

Parking features: Garage, Parking Pad
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Exterior features: Rain Gutters

Lot

Size: 6,534 Square Feet
Dimensions: 60 x 115

Details

Parcel number: 119162
Zoning: RU-5(2)
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow,Ranch
Property subtype: Duplex

Materials

Brick, Masonite
Foundation: Slab
Roof: Architectural Shingle

Condition

New construction: No
Year built: 1970
Major remodel year: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Durham

Financial & listing details

Price per square foot: $180/sqft
Tax assessed value: $278,987
Annual tax amount: $2,766
Date on market: 9/28/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Lease term: Other

Estimated market value

$256,400

$244,000 - $269,000

$1,488/mo

Price history

Date	Event	Price
9/28/2026	Listed for sale	$269,900+34.6%$180/sqft
Source: Doorify MLS #10195266 Report a problem
4/29/2021	Sold	$200,500+407.6%$134/sqft
Source: Public Record Report a problem
2/24/1998	Sold	$39,500$26/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,766 +51.6%	$278,987 +113.3%
2024	$1,824 +6.5%	$130,796
2023	$1,713 +2.3%	$130,796
2022	$1,674 +118.2%	$130,796 +117.2%
2021	$767 +2.4%	$60,220
2020	$749	$60,220
2019	$749	$60,220 +58.2%
2018	$749	$38,076
2017	--	$38,076 -34%
2016	$495	$57,663 -14%
2015	$495 -46.6%	$67,059
2014	$928	$67,059
2013	--	$67,059
2012	--	$67,059
2011	$874 +0.4%	$67,059
2010	$870 -13.6%	$67,059 -16.9%
2009	$1,008	$80,725
2008	$1,008 +1.9%	$80,725 +15.3%
2007	$988 +1.4%	$69,999
2006	$974	$69,999
2005	$974 +1.4%	$69,999
2004	$961	$69,999