Duplex with Granite
For Sale
$320,000
1109 Juniper Street, Durham, NC 27701
Residential Income, Durham, NC
Property Size1,344 SF
Lot Size0.21 Acres
Price / SF$238.10
Days on Market32
Property Features for 1109 Juniper Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Off Street
Basement
Crawl Space
Subdivision
Not in a Subdivision
Lot features
Corner Lot
Elementary school
Durham - Eastway Elementary
Middle school
Durham - Lucas Middle School
High school
Durham - Northern High
Standard status
Active
APN
113264
Size
1,344 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Prop-Mcclelland/Lt#02 Pl:000000-000000
Tax Annual Amount
3083
Legal Description
Prop-Mcclelland/Lt#02 Pl:000000-000000
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Northside Realty Inc.
(919) 784-0101
Listed By:
Stephanie Anson · License #270558
(919) 335-3048
Added: Jul 24
Changed: Aug 21
Last Checked: Aug 24 at 10:06AM
MLS# 10183182
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.
This duplex, built in 1950, contains 1,344 square feet on a 0.21-acre lot. The property has two bedrooms and two bathrooms, with vinyl siding, vinyl flooring, a metal roof, central air, and electric and ductless heating. Each kitchen includes granite countertops and stainless steel appliances. Public water and sewer serve the property, while off-street parking is available.
The address is 1109 Juniper Street in Durham, near North Carolina Central University, Duke University, and Downtown Durham. The property is currently occupied. The R-3 zoning designation and existing two-unit configuration provide a defined residential income format, with the building’s layout supporting separate residential units.
The address is 1109 Juniper Street in Durham, near North Carolina Central University, Duke University, and Downtown Durham. The property is currently occupied. The R-3 zoning designation and existing two-unit configuration provide a defined residential income format, with the building’s layout supporting separate residential units.
Key Highlights
- Two‑unit property with 1,344 square feet of building area
- 0.21‑acre lot at 1109 Juniper Street, Durham, NC 27701
- R‑3 zoning with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,820
$230.8K
Cap Rate 7%
$164,871
$164.9K
Cap Rate 9%
$128,233
$128.2K
Market Conditions
NOI Build-Up for 1,344 SF
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.
Gross rent
$18.5K $13.80/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$16.5K $12.27/SF
− OpEx
−$4.9K −$3.68/SF
NOI
$11.5K $8.59/SF
Area
Durham, NC
Vacancy
11.11%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,820
Cap Rate 7%
$164,871
Cap Rate 9%
$128,233
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$144.3K
$126.3K – $168.4K
NOI $10,104 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-3-zoned income property with public utilities, off-street parking, and a central Durham setting.
Where is this duplex located?
The property is located at 1109 Juniper Street Durham, NC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit property with 1,344 square feet of building area; 0.21‑acre lot at 1109 Juniper Street, Durham, NC 27701; R‑3 zoning with public water and public sewer
