Bought with EXP Realty LLC
$1,405,000
$1,550,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
22 Beds
13 Baths
9,148 SqFt
SOLD DATE : 05/14/2026
Key Details
Sold Price $1,405,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 9,148 sqft
Price per Sqft $153
Subdivision Not In A Subdivision
MLS Listing ID 10102564
Sold Date 05/14/26
Style Multi Family
Bedrooms 22
Full Baths 13
HOA Y/N No
Abv Grd Liv Area 9,148
Year Built 1960
Annual Tax Amount $12,565
Lot Size 1.010 Acres
Acres 1.01
Property Sub-Type Apartment
Source Triangle MLS
Property Description
Investor Opportunity - Renovated MF Near Duke | 6.75 Cap | Stable Rents | 9 Units
2 Buildings with 9 units less than 1 mile from Duke University and Downtown Durham, offering strong in-place cash flow and a 6.75% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives.
Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add levers.
Location
State NC
County Durham
Zoning RS-M
Direction Chapel Hill Road to Left on Morehead. Property is on the left.
Rooms
Basement Daylight
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Hardwood, Vinyl
Exterior
View Y/N Yes
Roof Type Shingle
Private Pool No
Building
Faces Chapel Hill Road to Left on Morehead. Property is on the left.
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
New Construction No
Others
Senior Community No
Tax ID 0821056967 and 0821055967
Special Listing Condition Standard
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