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Want to buy properties already rented and have a good history of rentals for steady income and ROI immediate?  Look no more. Frequently throughout the year, we at Phoenix Realty & Property Management have owners/investors who are looking to exit their RE investments. Reasons are many but the top three are retirement, 1031 exchange, and/or they have achieved their ROI based on depreciation schedule.  You now have a chance to step in to assume over their investment without regurgitating the investment formulae guessing estimating what may be next.

List below are occupied rental homes for sale in Durham, Raleigh and surrounded areas. The leases are active so the new owners will need to agree to live out thru the leases.

1031 Exchange Properties for Sale and Lease. Phoenix Realty & Property Management 1031 Exchange listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more.
See our tradition Real Estate arm for tradition purchases and sells.

3 Guilder Cv, Durham, NC 27713

Price: $545,000

Single Family

Year Built: 1999

Sqf.: 2436

Lot: 0.34 Acres

Bedroom: 4

Bathroom: 3

Garage: Attached Garage Spaces

Features: Central Air Cooling, Forced Air and Natural Gas Heating, Gas Log Fireplace, Ceiling Fan, attached and covered Garage Spaces, Carpet and Luxury Vinyl Flooring, Nice Private Front and Back Yard and Lawn.

Premium lot tucked in a dual-de-sac behind Southpoint Mall. Take your evening strolls to the mall and back without getting in the car. This is a gem located at the heart of it all making it an easy jump to Duke and UNC or RTP/RDU.

This charming and inviting home is perfect blend of style and comfort. Seated above other homes in the cup-de-sac with natural color palette, fresh interior paint, and a cozy family room. Home is bright lit from natural light front and back throughout with good shade in the afternoon from grown trees surrounding allowing gentle breeze wading across the back deck.

Ample space flow throughout the 1st floor into the back deck and a large lot .34 acres fenced with desire privacy.

Large master bedroom upstairs with walk-in closet and private bathroom including walk-in shower and garden tub. Three other bedrooms converged at the balcony plus a large bonus room for family gathering. You don’t want to miss showing this home to your buyers.

Buyer must respect and adhere to the term of the lease for seller to consider selling.

No showing and visit without prior arrangement with Phoenix Realty.  Those that violate this will be consider trespasses.  We respect and desire our tenants to have their privacy.

(COMING SOON) 2606 University Drive, Durham, NC 27707

Price: TBD

Single Family

Year Built: 1955

Sqf.: 1408

Lot: 0.419 Acres

Bedroom: 3

Bathroom: 2

Garage: 1

Features: Central Air Cooling, Forced Air Heating, Attic, Cable Ready, Ceiling Fan, Large Sun Room, single Garage with Front and Back Access, Hardwood and Tile Flooring, Nice Private Front and Back Yard and Lawn.

Charming mid century brick home close to Rockwood Park, Duke University, nightlife, and restaurants!  One house from Nana’s, The Original Q Shack, Thai Cafe, Happy China, Beer-Study Durham, Wine Authorities and NuvoTaco. Hardwood floor throughout.  All tiles bathroom and kitchen floor.  Stainless steel kitchen appliances, paneled study with ample shelf space. Large sun room looking toward .42 acres private back yard.

Frontal exterior include a deep driveway hidden away from street.  Hand shaped parking area with generous space.  Single garage with frontal and rear thorough fair.  Come and take a look at this unique lot and home.

Buyer must respect and adhere to the term of the lease for seller to consider selling.

No showing and visit without prior arrangement with Phoenix Realty.  Those that violate this will be consider trespasses.  We respect and desire our tenants to have their privacy.

1306 Pebble Creek Crossing, Durham, NC 27713

Price: $459,000

Single Family

Year Built: 2003

Sqf.: 2316

Lot: 0.110 Acres

Bedroom: 3

Bathroom: 3

Garage: 2

Features: LVP floor, vaulted entry ceilings, fireplace, W&D utility room, fenced yard

Gorgeous and well maintained two story, three bedrooms, two and half baths, with 2 car garage home right by NC 54/55 within easy access to RTP. LVP floor throughout the first-floor projecting spacious comfort. Vaulted entry ceilings in the foyer into living area. Specially enlarged master bedroom to include a sitting area and a fireplace wioth separate walk-in closet, separate shower and bathtub. Separate utility room for W&D. One of a few floor plan available in Auburn development. Exterior fenced yard with private double deck partially covered. Community pool, club house and playground. Easy access to RTP, I-40, Duke, UNC and shops. Easy to show and sell!

Phoenix Realty is a full service realty and property management company representing home sellers, buyers and investors in the Triangle area. Our offices are located deep in the Durham Highway 54 and 55 vicinity and our Cary office is in Cary Downtown.  We services the Triangle reason including Raleigh, Durham, Chapel Hill and the Research Triangle Park.  Our brokers have a depth of local knowledge and experience that help provide our clients a seamless buying, selling, and acquisition experience.  Whether it is a first home, townhome, a downtown urban condo, a new construction home or a historical Inside the Beltline masterpiece, we know the territory.

Search the HOMES in Durham, Cary, Morrisville, Apex, Raleigh North Carolina here. Search our  INVESTMENT cash producing homes here.

Serving Durham County (Durham), Wake County (Cary, Apex, Morrisville, Raleigh, Holly Springs) and Orange County (Chapel Hill).

Triangle Housing Supply Overview – April 2021

Triangle MLS Local Market Update – June 2022

Disclaimer: These links are being provided by Triangle MLS for informational purposes only.

About Triangle MLS, Inc.:Triangle MLS, Inc. (TMLS) is a regional multiple listing service with a jurisdiction covering 16 counties in the greater Triangle region of North Carolina. TMLS provides a wide variety of valuable products, programs, and services for over 7,000 REALTORS® and appraisers. TMLS equips subscribers with tools to facilitate the home buying and selling process, encourages cooperation and efficiency between REALTORS®, and provides a single repository of property information in the Triangle region. Access to the multiple listing service (MLS) database maintained by TMLS gives subscribers access to over 20,000 active property listings at any one time. In addition, subscribers have the ability to retrieve historical property data and photographs from over 700,000 listings entered in the MLS since 1995. Through participation in TMLS, subscribers also gain access to additional products, programs, and services designed to help them build their real estate business and assist their clients. TMLS strives for accuracy and excellence by enforcing adherence to the organization’s rules, regulations, policies, and bylaws which support industry professionalism, brings order and efficiencies to the real estate market place, and enhances cooperation between participants. TMLS is a wholly owned subsidiary corporation of the Raleigh Regional Association of REALTORS®. For more information, visit

* The 1031 exchange can be a powerful tool for investors. Under IRC Section 1031 (a) (1) IRS does not recognize capital gains or losses when an investor exchanges a property used for conducting business for a like-kind property that will be used for business or for investment purposes. While the exchange is tax-deferred, it’s still a taxable event, so using a 1031 exchange must be done properly in order to take advantage of the deferral options.