$900,000
●
Land -
For Sale
1028 Lynn Road
Durham, NC 27703
Studio
0 Bath
$4,666
Est. Monthly
About This Property
Prime Durham development opportunity-bring the vision and take it
to the finish line! This 7.46-acre property is approved for a 32-37
townhome community, offering developers and builders the
opportunity to step into a project where much of the groundwork has
already been completed. Located just minutes from Downtown Durham
with convenient access to RTP, Brier Creek, RDU International
Airport, major highways, shopping, dining, and employment centers.
With new communities and development continuing throughout the
surrounding area, this is an opportunity to secure land positioned
for residential growth. Site plans and townhome floor plan
documents are available, providing a valuable head start for the
next owner. Grab the plans, build on the work already completed,
and move forward with bringing this Durham-approved townhome
community to life.
Unit Size
-
Days on Market
37 days
Land Size
7.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$246
HOA Dues
-
Year Built
1952
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (TMLS #10193804)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2026 | Listed by Keller Williams Elite Realty | $900,000 | |
| Listed by Keller Williams Elite Realty | |||
| Nov 15, 2021 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Lot Size Area: 7.46
Lot Size Units: Acres
Lot Size Acres: 7.46
Lot Size Square Feet: 324956
Lot Size Dimensions: see survey
Water Source: Public
Financial Details
Tax Map Number: 01
Tax Assessed Value: $298,215
Tax Annual Amount: $2,956
Utilities Details
Sewer : None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Stacy Slone, Keller Williams Elite Realty
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10193804
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10193804
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017