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1330 Marne Ave, Durham, NC 27704
DETAILS
Type: Fourplex / Multi-Family (4-Unit)
Bedrooms / Baths: 8 bed / 4 bath total (2 bed / 1 bath per unit, per public records)
Living Area: 4,200 sq ft
Year Built: 1985
Lot Size: 0.34 acres (14,810 sq ft)
Zoning: RS-M
Utilities: Public water & sewer; heat pump HVAC
Occupancy at Closing: Fully occupied — all 4 units, leases now month-to-month, currently $850/mo per unit
Market Rent: $1,250/mo per unit
Closing Date: 10/20/26
Asking Price: $515,000
Tax value is $482,672 with annual taxes of $4,785 (Parcel ID 172808).
Interiors are dated and would benefit from renovation on turn; comparable renovated units nearby lease for $1,200–1,300/mo. Plumbing repairs needed in Unit C, possible roof area repair, HVAC service needed on 2 of 4 units. Full home inspection completed 9/8/26 (report linked above); lender appraisal conducted but not yet in hand. Property sold as-is.
COMPARABLE SALES
4206 Delbert Ave, Durham, NC 27704 — Quadruplex, built 1984 — $600,000 — Sold 7/1/26
4205 Oran Ave, Durham, NC 27704 — 4,080 sq ft — $575,000 ($141/sq ft) — Sold 7/1/26
4203 Thames Ave, Durham, NC 27704 — 4,080 sq ft — $595,000 ($146/sq ft) — Sold 7/1/26
Comp Average: ~$590,000 (~$143/sq ft)
Our Price: $515,000 ($122.62/sq ft)
Spread: ~$75,000
All three comps sit in the same Horton Woods subdivision as the subject — same builder era (1982–85), same 4,080–4,200 sq ft footprint, same RS-M zoning, and all three closed within days of each other in July 2026. At $122.62/sq ft, the subject is priced roughly 14–17% below three near-identical, very recent sales just blocks away, leaving real room for a value-add buyer to renovate and hold, or reposition and flip.
OVERVIEW
Priced at $515,000 ($122.62/sq ft) against three sold comps in the same subdivision that closed within days of each other in July 2026 at $575K–$600K ($141–146/sq ft), this fourplex offers a clear spread on entry. The property sits in northeast Durham’s 27704 corridor, a few miles from Duke University, Duke Regional Hospital, and North Carolina Specialty Hospital, with convenient access to I-85 and downtown Durham — proximity that has kept this pocket of the rental market steady. All 4 units are currently occupied at $850/mo (well below market), with comparable renovated units in the immediate area leasing for $1,200–1,300/mo, giving a hold buyer a straightforward path to push rents on turn. Zoned RS-M for continued multifamily use.
Comp Avg (Sold): ~$590K | For Sale Avg: ~$625K
Rent Avg: ~$1,250/mo | Gross Yield at Asking: ~9.7%
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.