1 of 42

Want to see similar homes for sale?

506 N Hyde Park Avenue

Durham, NC 27703

2 beds
2 baths
1,505 sqft
7,840 sqft lot
$222 per sqft
1925 build
– on site

More homes

House Hack Alert! Rare Duplex find in classic downtown Durham neighborhood. Live on one side. In 13-15 months rent it out, and repeat to your next property. It gets even better with an owner occupied downpayment of 3.5% FHA or 5% Conventional. Plus, you can use the current rent to qualify for the loan! Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space. Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come. Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential. Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city! I have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!

Listing courtesy of DMLS / Coldwell Banker Advantage

Last checked: Checking… • Last updated Feb 22, 2025 •

MLS# 10044730 —

The Building

Year Built:

1925
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

Bungalow
Structure Type:

Duplex
Roof:

Shingle
Foundation Details:

Pillar/Post/Pier
Levels:

One
Basement:

true
Basement:

Crawl Space
Common Walls:

1 Common Wall
Building Area Total:

1505
Building Area Units:

Square Feet
Above Grade Finished Area:

1505
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area Units:

Square Feet

Interior

Interior Features:

Laminate Counters
Flooring:

Hardwood
Laundry Features:

Inside

Room Dimensions

Living Area:

1505
Living Area Units:

Square Feet

Financial & Terms

Lease Term:

12 Months

Location

Directions:

From I 885 S turn slightly onto NC-147N Take exit 2 for NC -55/ Alston Ave .2 miles Right onto NC-55 w/s Alston Ave .2 miles Turn right onto Taylor St .3 miles Turn Left onto N Hyde Park Ave .1 miles The house is on the right.
Latitude:

35.990729
Longitude:

-78.881497
Coordinates:

-78.881497, 35.990729

The Property

Property Type:

Residential Income
Property Subtype:

Duplex
Parcel Number:

083155055458
Lot Size Acres:

0.18
Lot Size Area:

7840.8
Lot Size SqFt:

7840.8
Lot Size Units:

Square Feet
Exterior Features:

Private Entrance
Road Frontage Type:

City Street
Fencing:

Partial Cross
View:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

1969.88

Beds

Bedrooms Total:

2

Baths

Total Baths:

2
Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Durham - Eastway
Middle Or Junior School:

Durham - Neal
High School:

Durham - Northern

The Community

Subdivision Name:

Hyde Park
Community Features:

Park
Pool Private:

false

Parking

Attached Garage:

false
Parking Features:

Gravel
Open Parking:

true
Open Parking Spaces:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
9/17/24 Sep 17, 2024	Sold	DMLS	$335,000	3.1%
8/19/24 Aug 19, 2024	Pending	DMLS	$325,000
8/2/24 Aug 2, 2024	Listed / Active	DMLS	$325,000

Multifamily Sold on 9/17/2024

$335,000

Listing provided by broker:

Christopher Mitchell

Coldwell Banker Advantage

Newest listings in Durham, NC

Similar sold homes

Listing Courtesy of: DMLS and Coldwell Banker Advantage.

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 2025 Doorify MLS of North Carolina. All rights reserved.

506 N Hyde Park Avenue

Durham, NC 27703