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Investment Highlights

  • ±3.99-acre residential development opportunity
  • Located in eastern Durham near Downtown Durham and RTP
  • Convenient access to I-885, US-70 and NC-98
  • Well-suited for apartment or townhome development

Executive Summary

±3.99-acre residential development opportunity in eastern Durham with convenient access to I-885, US-70 and NC-98. The property is well-suited for apartment or townhome development and benefits from a Mixed Residential Neighborhood future land use designation. Located near Downtown Durham, RTP and major employment centers, the site is positioned within a rapidly growing residential corridor.

Property Facts

Price $1,636,392 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 3.99 AC
Zoning R-8 - Residential Suburban - 8

1 Lot Available

Lot

Price $1,636,392 CAD
Price Per AC $410,123.30 CAD
Lot Size 3.99 AC

±3.99-acre residential development opportunity in eastern Durham with convenient access to I-885, US-70 and NC-98. The site is well-suited for apartment or townhome development and is positioned within a growing residential corridor near Downtown Dur

Description

Located in eastern Durham, the Carr Road Assemblage offers a rare opportunity to acquire ±3.99 acres positioned for future residential growth. The property benefits from strong connectivity to I-885, US-70 and NC-98, providing convenient access to Downtown Durham, RTP and surrounding employment hubs. Surrounded by expanding residential development and nearby retail amenities, the site is well-positioned for apartment or townhome development within one of the Triangle’s most active growth corridors.

Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 131232
  • 131234
  • 131251
Land Assessment
$328,766 CAD
Improvements Assessment
$0 CAD
Total Assessment
$328,766 CAD
  • Listing ID: 40426793

  • Date on Market: 2026-05-06

  • Last Updated:

  • Address: 3431 Carr Rd, Durham, NC 27703

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