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Chris Pappalardo

Owner | The Chris Pappalardo Team | KW One

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311 Lyric St , Durham, NC 27701
$550,000
Est. Payment: $2,931.17/mo
6 Bed
3 Bath
2510 Sqft
0.22 Acres
Status: active under contract | Days on site: 47
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75688 - 100764,112868
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Chris Pappalardo, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Chris Pappalardo
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House Description

Income-producing triplex minutes from Downtown Durham in the 27701, a 3-unit multifamily investment property priced right! Three 2-bed/1-bath, two-level units (approx. 2,510 total sq ft) on a 0.22-acre lot, each with a private entrance, rear deck, washer/dryer hookups and its own utilities. Two units are leased with in-place income; Unit C is vacant and ready to lease at a projected $1,600/month, or owner-occupy one unit and let the other two offset the mortgage. Off-street parking plus a storage shed. Quick access to Downtown Durham, Duke University, Duke Health, dining, entertainment, NC-147 and I-85. Two of three water heaters replaced in 2026. A strong fit for rental property investors, 1031 exchange buyers and first-time multifamily owners looking for a Durham triplex for sale close to downtown.
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Highlights

Listed by Shikha Anand , Compass -- Raleigh , Doorify MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.22

Year Built

1985

County

Durham

 Neighborhood

Not in a Subdivision

Listing ID

10192976

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Range, Refrigerator
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Luxury Vinyl
Above Ground Sq Ft:2510
Other:
  • ▪ Additional:Storage
Water:Public

Exterior Features

Zoning:RM-12
Roof:Shingle
Others:
  • ▪ Additional:Deck
Sewer:Public Sewer
Parking Features:Gravel,Unpaved
Principal Interest
$2,931
Taxes
$351

Home Price

$550,000

Loan Details

30 yrs
7.013%

Down Payment

20%
$110,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,931.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,931.17 $350.63 $0.00 $3,281.80
Yearly $35,174.08 $4,207.50 $0.00 $39,381.58
Total $1,055,222.47 $126,225.00 $0.00 $1,181,447.47

Today's Rates

30 Year

7.01%

20 Year

7.03%

15 Year

6.39%

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Market insight data is pulled from the same city as the listing being viewed (Durham, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Listings marked with an icon are provided courtesy of the Doorify MLS, Internet Data Exchange Database.
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Data last updated: 2026-11-02T13:56:34.000Z

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