About This Home

This 6-bedroom, 3-bathroom multi-family at 311 Lyric Street in Durham, NC is listed for $550,000 ($219 per sqft). Built in 1985, the home offers 2,510 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1985
  • 0.22 acre lot
  • 2 stories

Property Details

2 stories
3 full
1985

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$2,942/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

311 Lyric Street

Durham, NC 27701

Not in a Subdivision

Property Details

Flooring

VinylCarpet

Construction

Vinyl Siding

Parking

Paved or Surfaced

Heating

Central

Cooling

Central Air

Questions & Answers

This 6-bedroom, 3-bathroom multi-family at 311 Lyric Street is listed at $550,000 ($219/sqft). The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1985, 0.22 acre lot, 2 stories.

This property is listed by Shikha Anand.

SA

Shikha Anand

Agent at Compass North Carolina

Listed by Compass North Carolina · Broker phone: (212) 913-9058 · View on Broker Site · Broker website

MLS# 10192976· Source: Doorify MLS· 42 days on PropertySimple

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

311 Lyric Street, Durham, NC 27701

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