Be Home Realty
1401 Aversboro Rd #101
Garner, NC 27529
New ListingDescription
PRIME DEVELOPMENT OPPORTUNITY LAND AND RENTAL PORTFOLIO MINUTES FROM DOWNTOWN DURHAM! Exceptional investment and development opportunity in one of Durham's growing areas! This portfolio includes 1508, 1510, and 1512 N. Alston Avenue, along with 804 Lee Street, offering exciting possibilities for investors, builders, and developers. The N. Alston Avenue properties currently feature two duplexes with rental income of $625 per month per side, offering existing income while exploring future development opportunities. A feasibility study and preliminary site plan are available in the listing documents, outlining several potential development options prior to the approval of SCAD (Simplifying Codes for Affordable Development), including: An 18 unit apartment community. A 7unit townhome community. Subdivision into nine buildable lots. With the adoption of SCAD, additional density and development opportunities may now be possible, creating even greater potential for this property. Buyers are encouraged to review the attached SCAD information and verify development possibilities with the City of Durham. Conveniently located just minutes from vibrant downtown Durham, major highways, shopping, dining, and surrounding areas experiencing significant growth and redevelopment. Whether you're looking to expand your investment portfolio or capitalize on Durham's continued growth, this is an opportunity worth exploring! Bring your vision and discover the possibilities this unique land portfolio has to offer.
Details
| MLS # | 10202773 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1950 |
| Days On Site | 2 |
| Listing Provided By | Keller Williams Elite Realty | Stacy Slone |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| Story(s) | 1 |
| Zoning | RM-12 |
| Acreage | 0.51 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Other |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Crawlspace |
| Lot Features | Corner Lot, Open Lot |
| Construction Materials | Wood Siding |
| Patio And Porch Features | Porch |
Parking
| Parking Features | See Remarks |
|---|---|
| Other Parking | Gravel driveway for both duplexes and lots. |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 364655 |
|---|---|
| Tax Legal Description | Prop-Cheek T E/Blk:09/Lt# 01-02 Pl:000161-000308 |
| Tax Year | 2025 |
| Tax Map Number | 01-02 |
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| School District | Durham - Northern High |
| Elementary School | Durham - Eastway Elementary |
| High School | Durham - Northern High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $525,000 low | high Med: $359,450 On site: 2 low | high Med: 130 | |
Market Activity 27701
Request a showing
Request a showing
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| School District | Durham - Northern High |
| Elementary School | Durham - Eastway Elementary |
| High School | Durham - Northern High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $525,000 low | high Med: $359,450 On site: 2 low | high Med: 130 | |
Nearby Listings (Within 1/4 mile)
Price: $393K - $656K
sqft: 0 - 0
Listing Updated: November 11, 2026 at 6:38:43 AM PST
© 2026 Be Home Realty - (919) 307-9808. Equal housing opportunity. An equal opportunity company.
© Copyright 2026, Back At You
SITE POWERED BY
© 2026 Be Home Realty - (919) 307-9808. Equal housing opportunity. An equal opportunity company.
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
Listing Information Last Updated November 13, 2026 at 8:00:27 AM PST