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Listed price in listed location currency (USD).
$550,000

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  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 906 sqft
Garage No
Taxes $804
Days Active 0
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $607
MLS® Number 10127869

Property Address: 429 Lakeland St, Durham, NC, 27701-4236

Average square foot calculated using Size range provided by listing agent.

Description

Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity Zone Unlock rare potential with two adjoining parcels at 430 Sowell Street (MLS #10127865) and 429 Lakeland Street, Zoning RU-5(2), nestled in the heart of Durham's most rapidly transforming neighborhood. Together, they present a prime redevelopment opportunity within a Federal Opportunity Zone, offering unbeatable positioning, flexibility, and growth potential. These adjoining properties, covering a corner-to-corner section, of a city block, lie in Durham's Urban Tier, qualifying for the Small Lot Option under city zoning, ideal for infill construction, small-lot single-family homes, townhouses, or a creative clustered site plan. With existing curb cuts, utilities at the street, and New Construction homes already completed next door and just 300 yards away, the comparables and momentum are strong. Verify options with Durham Planning Dept. Strategically located on the R. Kelly Bryant Bridge Trail, directly across from Burton Magnet Elementary School, and minutes from Downtown Durham, NCCU, and major redevelopment corridors—this area embodies the next wave of growth and community revitalization. Endless potential awaits: Redevelop, build out a multi-home collection, or update the existing residence for cash flow while finalizing plans. This pairing, 430 Sowell (MLS #10127865) + 429 Lakeland, represents a turnkey entry point for small to mid-size builders and investors seeking immediate upside in one of Durham's most promising growth pockets.
MLS® Number10127869
Laundry Level
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageNo
Approx. Age1910
Basement
DrivewayDriveway, On Street
Garage Spaces
HeatForced Air
A/COther
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 16, 2025List Date
$550,000List Price

Home Appraisal

This property is estimated to sell between: $241,000 and $705,000.
Similar properties in this area sold on average for: $241,830
Expected to sell in 80 days. Similar properties sold in 80 days. This home has been on eXp Commercial Brokerage for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
429 Lakeland St, Durham, NC

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