2607 Chapel Hill Road

Description

Rare Triplex in Durham's Lakewood Neighborhood! Step into an opportunity to own a piece of Durham history in the heart of the sought-after Lakewood neighborhood. Built in 1925, this beautifully restored triplex blends timeless architectural character with thoughtful modern upgrades. Both 1-bedroom, 1-bathroom main level units feature fully renovated kitchens and bathrooms, updated plumbing, new HVAC and duct work, new electrical systems, and fireproofing. All this while preserving original details that give the home its warm, historic feel. Each unit offers bright, functional living spaces ideal for owners and tenants alike. Upstairs you have a third unit that has not been renovated. This unit offers an exciting value-add opportunity! Whether renovating into a third rental, short-term unit, or creative studio space, it presents untapped potential for the next owner. The renovated units are both occupied by stable tenants with leases ending in September 2026. **The subject property shares a driveway with 2605 Chapel Hill Rd, which also provides access to the lot located directly behind this home. That rear lot, currently owned by the sellers, is intended for a future new build. It is .23 Acres and zoned res/ 3-family. This allows ownership to build single family, duplex, or triplex on the lot. Sellers are open to discussing a sale of the rear lot with an acceptable offer.**