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$450,000
Listing Price2beds
2baths
906sqft
5,227sqft lot
429 Lakeland St, Durham, NC 27701
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For Sale
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Home type
Price / sqft
Year built
Home Details
Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity ZonenUnlock 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.nThese 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. nStrategically 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.nEndless potential awaits: Redevelop, build out a multi-home collection, or update the existing residence for cash flow while finalizing plans.nThis pairing, 430 Sowell (MLS #10127865) + 429 Lakeland, represents a turnkey entry point for small to mid-size builders and investors seeking immediat
Interior Details
906
2
2
Has Heating:
No
Heating Type:
None
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
No Basement
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
5227
Yes
Yes
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Ranch
N/A
N/A
N/A
Asphalt
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$716
$22,320
$35,295
--%
$57,615
2019
$716
$22,320
$35,295
--%
$57,615
2018
$434
$13,950
$18,044
--%
$31,994
2017
$430
$13,950
$18,044
--%
$31,994
2016
$416
$13,950
$18,044
--%
$31,994
2014
$432
$12,248
$18,996
--%
$31,244
2013
$419
$12,248
$18,996
--%
$31,244
2012
$409
$12,248
$18,996
--%
$31,244
Average Home Price in 27701
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
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8,276 Lot (sqft)
Sold 09/29/2026
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The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.




