Duplex with Stainless Kitchen
1202 Cornell Street Durham, NC 27707
New
1202 Cornell Street, Durham, NC, 27707
$325,000
For Sale
$325,000
MULTI_FAMILY - Durham, NC
Property Size2,650 SF
Lot Size0.20 Acres
Price / SF$122.64
Days on Market7
Property Features for 1202 Cornell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Parking features
- On Street
- Basement
- Crawl Space
- Appliances
- Electric Range
- Standard status
- Active
- Size
- 2,650 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2126
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
Northside Realty Inc.
(919) 784-0101
4701 Creedmoor Rd, Ste.105, Raleigh, NC
Listed by
Stephanie Anson
(919) 335-3048
Added: Jul 10 Checked: Jul 16 at 7:06 pm
MLS# 10179405
Listing URL
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 includes two separate sides, each configured as a one-bedroom, one-bath residence. The units feature granite countertops and stainless steel appliances. The listing price includes one duplex.
1202 Cornell Street is located in Durham, NC, and is described as being just minutes from downtown Durham, NCCU, Duke, RTP, and RDU, with access to major highways.
The current owner has used the property as a short-term rental. The home is listed for sale at 1202 Cornell Street in Durham, NC 27707.
1202 Cornell Street is located in Durham, NC, and is described as being just minutes from downtown Durham, NCCU, Duke, RTP, and RDU, with access to major highways.
The current owner has used the property as a short-term rental. The home is listed for sale at 1202 Cornell Street in Durham, NC 27707.
Key Highlights
- Duplex built in 1935 with 2 units; each side offers 1 bed and 1 bath
- Electric range and stainless steel appliances included, plus granite countertops
- Hardwood flooring and vinyl siding exterior
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 | $36.6k | $13.80 |
| − Vacancy | −$4.1k | −$1.53 |
| EGI | $32.5k | $12.27 |
| − OpEx | −$9.8k | −$3.68 |
| NOI | $22.8k | $8.59 |
2,650 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.1K
$284.4K – $379.3K
NOI $22,755 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$284.6K
$249.0K – $332.0K
NOI $19,922 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$855.7K
$748.8K – $998.3K
NOI $59,900 @ 7.0% cap · market cap 18.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two one-bedroom, one-bath units with granite countertops and stainless steel appliances.
Where is this duplex located?
The property is located at 1202 Cornell Street Durham, NC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex built in 1935 with 2 units; each side offers 1 bed and 1 bath; Electric range and stainless steel appliances included, plus granite countertops; Hardwood flooring and vinyl siding exterior
