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$450,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 906 Sq. Ft.
  • 0.12 Acres
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Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity Zone 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.

Full Property Details for 429 Lakeland St

General

  • Price: $450,000
  • Taxes: $803
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10127869
  • Updated: 12/15/2025
  • Added to Site: 96 day(s) ago

Interior

  • Number of Rooms: 1
  • Appliances: Range, Refrigerator
  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: None

Exterior

  • Porch/Patio/Deck: Front Porch, Screened

Parking

  • Parking Features: Driveway, On Street

Location

  • County: Durham
  • Subdivision: Not in a Subdivision
  • Driving Directions: 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.
  • Direction Faces: Northwest
  • City Limits: Yes

School Information

  • Elementary School: Durham - Burton
  • Middle School: Durham - Lowes Grove
  • High School: Durham - Hillside

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Connected, Natural Gas Available, Water Connected

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Site Built
  • Exterior Const.: Plaster
  • Roof: Shingle
  • Windows: Screens
  • Stories/Levels: 1
  • Building Size: 906
  • Square Feet: 906
  • Sq. Ft. Source: Public Records
  • Finished Above Grnd: 906 Sq. Ft.
  • Year Built: 1910

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Neighborhood, Other, See Remarks
  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227.2
  • Frontage: City Street
  • Fence: Yes
  • Lot Features: Back Yard, Cleared, Corner Lot, Landscaped
  • Zoning: RU-5(2)
  • Fencing (Description): Back Yard, Fenced

Financial Considerations

  • Tax Amount: $803.67

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 119056
  • Lot Number: 5

Listed by Brokers United Realty, Carol Small (919) 923-2637

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Listing agent

— 429 Lakeland St —

  • Carol Small

    Brokers United Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 429 Lakeland St

School District:Durham Public Schools
NameGradesDistance
Bethesda Elementary
2009 South Miami Boulevard, Durham, NC 27703
K-53.9 mi
Lowe's Grove Middle
4418 South Alston Avenue, Durham, NC 27713
6-85.2 mi
Hillside High
3727 Fayetteville St, Durham, NC 27707
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 429 Lakeland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/17/2025
Price Reduced
$450,000
-18.18%
MLS
10/12/2025
Listed
$550,000
2100%
MLS
3/04/2016
Sold
$25,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 429 Lakeland St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,765
120%
$222,585
286%
2023
$804
6%
$57,615
—
2023
$755
2%
$57,615
—
2022
$737
—
$57,615
—
2021
$734
2%
$57,615
—
2020
$717
—
$57,615
—
2019
$717
65%
$57,615
80%
2018
$434
1%
$31,994
—
2017
$431
4%
$31,994
—
2016
$416
-4%
$31,994
2%
2015
$433
—
$31,244
—
2014
$433
3%
$31,244
—
2013
$419
—
$31,244
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 429 Lakeland St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Brokers United Realty, Carol Small (919) 923-2637

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429 Lakeland Street, Durham, NC 27701 (MLS# 10127869) is a Single Family property with 2 bedrooms and 1 full bathroom. 429 Lakeland Street is currently listed for $450,000 and was received on October 12, 2025. Want to learn more about 429 Lakeland Street? Do you have questions about finding other Single Family real estate for sale in Durham? You can browse all Durham real estate or contact a Coldwell Banker agent to request more information.

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