Description
Turn-Key & renovated Investment Package Exceptional income-producing opportunity in the heart of Durham, ideally located just steps from North Carolina Central University and minutes to downtown, major highways, and ongoing redevelopment. 907 S Alston Avenue is being offered as part of a required package sale with the adjacent property at 909 S Alston Avenue - a rare opportunity to acquire two side-by-side, fully renovated co-living assets in one of Durham's strongest rental corridors. Together, the properties feature a total of 15 private rental bedrooms across two fully renovated homes, specifically designed for the high-demand room-by-room leasing model. 909 S Alston Avenue features 9 private rental bedrooms while the neighboring 907 S Alston Avenue offers 6 private rental bedrooms and 3.5 bathrooms, and is currently operating with an impressive rental retention rate, demonstrating strong, stabilized performance with consistent year-round demand. Both properties have recently completed full renovations and are positioned as true turn-key co-living investments with immediate income, scalable operations, and long-term appreciation potential in a rapidly growing university and redevelopment corridor. Ideal for investors seeking portfolio expansion, student housing, rental, or a stabilized co-living platform with future upside. Properties must be purchased together.
Details
| MLS # | 10142906 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 230 |
| Listing Provided By | Compass -- Raleigh | Deline Moscoso |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,971 |
| Story(s) | 2 |
| Zoning | R-3 |
| Acreage | 0.17 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Electric |
| Rooms Total | 11 |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Slab |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 342042 |
|---|---|
| Tax Legal Description | Pine Grove Prk Dev/Lt#54 Pl:00005B-000105 |
| Tax Year | 2025 |
| Tax Map Number | 54 |
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Pine Grove Park |
| School District | Durham - Josephine Dobbs Clement |
| Elementary School | Durham - Burton Elementary |
| High School | Durham - Josephine Dobbs Clement |
| Listing VS Median (in Pine Grove Park) | |
Price: $799,000 low | high Med: $799,000 sqft: 1,971 low | high Med: 1,971 $ / sqft: $405 low | high Med: $405 On site: 230 low | high Med: 230 | |
Market Activity 27701
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Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Pine Grove Park |
| School District | Durham - Josephine Dobbs Clement |
| Elementary School | Durham - Burton Elementary |
| High School | Durham - Josephine Dobbs Clement |
| Listing VS Median (in Pine Grove Park) | |
Price: $799,000 low | high Med: $799,000 sqft: 1,971 low | high Med: 1,971 $ / sqft: $405 low | high Med: $405 On site: 230 low | high Med: 230 | |
