Michael Ryden
Michael Ryden

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Listing provided courtesy of GAC Management GroupMLS# 1211374MLS Provider
  • 116 days on site
  • 1 views

Investor opportunity in a strong Durham rental market. Four-unit townhome building with 3 units currently leased, providing immediate income. One unit is fully renovated and intentionally left vacant, offering flexibility to lease at market rates, use as an owner-occupied unit, or explore mid-term rental demand from nearby medical professionals. Townhome-style layouts and proximity to Duke University, Duke Hospital, Duke Regional, and major employment centers drive consistent rental interest. This property offers stable cash flow with room to increase returns through strategic rent adjustments. Convenient access to I-85, NC-147, retail, and transit. Ideal for investors seeking a value-add opportunity with strong fundamentals and long-term growth potential. Portfolio purchase opportunity available—ask listing agent for more information.

Source: Triad MLS, MLS#: 1211374

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  • Property Type
    Residential Income
  • Lot
    0.34 acres

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Michael Ryden
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  • Median Age
    35
  • Population Density
    897
  • College Educated
    36%
  • Estimated Median Income
    $50,631
  • Estimated Total Home Owners
    8,939
  • Estimated Total Renters
    6,647
  • Owner / Renter Divide
    57% / 43%
  • Estimated Average Household Size
    3
  • Total Population
    40,657
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 4206 Delbert Avenue

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/1/2026Source: Triad MLS Status Change
Pending
5/4/2026Source: Triad MLS Status Change
Due Diligence Period
4/15/2026Source: Triad MLS Price Reduction
$625,000 -3.7%
3/6/2026Source: Triad MLS Added to Database
March 06, 2026