429 Lakeland Street Durham, NC 27701
2 Beds
1 Bath
906 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 906 sqft
Price per Sqft $496
Subdivision Not In A Subdivision
MLS Listing ID 10127869
Style Site Built
Bedrooms 2
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 906
Year Built 1910
Annual Tax Amount $803
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Source Triangle MLS
Property Description
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.
Location
State NC
County Durham
Zoning RU-5(2)
Direction Take I-40 and I-885 to Briggs Ave in Durham. Take exit 1 from NC-147 N Take E Lawson St to Lakeland St.
Rooms
Other Rooms • Primary Bedroom (Main)
Primary Bedroom Level Main
Interior
Heating Forced Air
Cooling Other
Flooring Carpet, Vinyl
Fireplace No
Window Features Screens
Appliance Range, Refrigerator
Exterior
Fence Back Yard, Fenced
Pool None
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Water Connected
View Y/N Yes
View Neighborhood, Other, See Remarks
Roof Type Shingle
Porch Front Porch, Screened
Garage No
Private Pool No
Building
Lot Description Back Yard, Cleared, Corner Lot, Landscaped
Faces Take I-40 and I-885 to Briggs Ave in Durham. Take exit 1 from NC-147 N Take E Lawson St to Lakeland St.
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 1
Structure Type Plaster
New Construction No
Schools
Elementary Schools Durham - Burton
Middle Schools Durham - Lowes Grove
High Schools Durham - Hillside
Others
Senior Community No
Tax ID 119056
Special Listing Condition Standard
