1105 Morehead Avenue, Durham, NC 27707
- Added:
- Jun 15, 2026
- Days on Market:
- 17
- Last Refresh:
- Jul 1 at 4:06 am
Property Features for 1105 Morehead Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Driveway
- Standard status
- Pending
- APN
- 114946
- Size
- 1,600 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Prop-Fitzgerald/Lt#68 Pl:000000-000000
- Tax Annual Amount
- 3311
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Engineered Wood
- Roof type
- Shingle
Listing agent Thomas Furlow License #222598 (919) 412-3913
Listing office Deaton Investment Real Estate 6817 Falls of Neuse Ste. 106 Stephen Deaton, Raleigh, NC (919) 847-1117
Listing date Jun 15, 2026
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.
HighLights
- Duplex built in 1975 in Durham
- 2‑bedroom units on each side; one unit currently occupied at $735/month and the other is vacant
- New shingle roof installed in 2024
- Public water and public sewer connected; heating via baseboard and cooling via wall units
- Driveway parking; selling as‑is
Overview
The property is located in Durham, North Carolina (Durham County), at 1105 Morehead Avenue, Durham, NC 27707. It consists of approximately 0.16 acres and totals about 1,600 square feet across the duplex. The seller is offering the property in its current condition.
For investors or owner-occupants looking for an entry-level multifamily purchase, the mixed occupancy can support underwriting flexibility: rental income is already in place on one side, while the vacant unit offers control over the timing and scope of renovations to prepare it for lease-up. With the roof replacement completed in 2024, buyers can focus planning on the interior work needed for the vacant unit.
Local 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 | $22.1k | $13.80 |
| − Vacancy | −$2.5k | −$1.53 |
| EGI | $19.6k | $12.27 |
| − OpEx | −$5.9k | −$3.68 |
| NOI | $13.7k | $8.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.917307
- Latitude
- 35.991522
