Ranch-Style Brick
For Sale
$385,000
1015 Rosedale Avenue, Durham, NC 27707
MULTI_FAMILY - Durham, NC
Property Size1,500 SF
Lot Size0.12 Acres
Price / SF$256.67
Days on Market93
Property Features for 1015 Rosedale Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Driveway, Offsite
Appliances
Dishwasher, Disposal, Free-Standing Electric Oven, Microwave, Refrigerator
Subdivision
Lyon Park
Elementary school
Durham - Morehead Montessori
Middle school
Durham - Lakewood Montessori Middle School
High school
Durham - Charles E Jordan Sr High School
Standard status
Active
APN
PIN # 0821-35-2555
Size
1,500 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lyon Park/Lt#028-029 Pl:00005A-000042
Tax Annual Amount
3674
Legal Description
Lyon Park/Lt#028-029 Pl:00005A-000042
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
ParkCity Realty LLC
(919) 791-5589
Listed By:
Steve Huang
(984) 328-3387
Added: Apr 29
Changed: Jul 24
Last Checked: Jul 30 at 2:06PM
MLS# 10163498
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Ranch-style brick duplex featuring two separate units in a fully renovated 2023 configuration. Each unit offers approximately 2 bedrooms and 1 full bathroom, with a modern kitchen, stylish cabinetry, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and in-unit laundry hookups. The property also includes two separate HVAC systems, with each unit served independently.
The duplex is located at 1015 Rosedale Avenue in Durham, NC 27707. Public remarks indicate the property is minutes from Duke University and downtown Durham, with Whole Foods also noted as nearby. The seller will complete the transaction via a 1031 exchange, and the property is described as having no HOA.
The duplex is located at 1015 Rosedale Avenue in Durham, NC 27707. Public remarks indicate the property is minutes from Duke University and downtown Durham, with Whole Foods also noted as nearby. The seller will complete the transaction via a 1031 exchange, and the property is described as having no HOA.
Key Highlights
- Brick duplex in Durham with no HOA and two separate units
- Each unit is approximately 750 SF with 2 bedrooms and 1 full bathroom
- Renovated in 2023 with modern kitchens featuring granite countertops and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $13.80 |
| − Vacancy | −$2.3k | −$1.53 |
| EGI | $18.4k | $12.27 |
| − OpEx | −$5.5k | −$3.68 |
| NOI | $12.9k | $8.59 |
1,500 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$184.0K
$161.0K – $214.7K
NOI $12,880 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 27707, NC
49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated 2023 brick duplex with two separate 2-bedroom, 1-bath units, each with in-unit laundry hookups.
Where is this duplex located?
The property is located at 1015 Rosedale Avenue Durham, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Brick duplex in Durham with no HOA and two separate units; Each unit is approximately 750 SF with 2 bedrooms and 1 full bathroom; Renovated in 2023 with modern kitchens featuring granite countertops and stainless steel appliances
