Two-Unit Townhome-Style
For Sale
$415,000
1214 Granby Street, Durham, NC 27701
Residential Income, Durham, NC
Property Size2,200 SF
Lot Size0.26 Acres
Price / SF$188.64
Days on Market27
Property Features for 1214 Granby Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 2
Parking features
Driveway, Garage
Vegetation
Cleared
Interior features
Bathtub/Shower Combination, Breakfast Bar, Laminate Counters, Open Floorplan
Exterior features
Rain Gutters
Appliances
Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Range Hood, Refrigerator
Subdivision
Not in a Subdivision
Lot features
Cleared, Corner Lot, Few Trees, Gentle Sloping, Sloped
Elementary school
Durham - Eastway Elementary
Middle school
Durham - Durham School of the Arts
Standard status
Active
APN
209835
Size
2,200 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Tatum/Goose Crk/Lt#0 1 Recomb Pl:000182-000232
Tax Annual Amount
4554
Legal Description
Prop-Tatum/Goose Crk/Lt#0 1 Recomb Pl:000182-000232
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Forced Air, Electric (Heating)
Cooling system
Central Air, Electric, Heat Pump
Water source
Public
Building Details
Year built
2009
Floors in Building
2
Number of units
2
Flooring type
Simulated wood, Tile, Wood
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
NorthGroup Real Estate, Inc.
(704) 412-2804
Listed By:
Christine Menear · License #258467
(910) 603-4660
Added: Sep 11
Changed: Oct 5
Last Checked: Oct 7 at 4:06PM
MLS# 10192343
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.
Built in 2009, this townhome-style duplex contains 2,200 square feet across two residences. Each unit has three bedrooms, two full bathrooms, and a single-car garage. Interior features include an open floor plan, breakfast bar, laminate counters, and simulated wood, tile, and wood flooring. The property has central air and heat-pump heating.
The duplex sits on a 0.26-acre corner lot in Durham and is zoned R-3. Both units have long-term tenants with annual leases. Public water and sewer serve the property.
The duplex sits on a 0.26-acre corner lot in Durham and is zoned R-3. Both units have long-term tenants with annual leases. Public water and sewer serve the property.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full baths
- Each unit includes a single‑car garage
- 2,200 square feet of property area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,891
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,820
$377.8K
Cap Rate 7%
$269,871
$269.9K
Cap Rate 9%
$209,900
$209.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$3.4K −$1.53/SF
EGI
$27.0K $12.27/SF
− OpEx
−$8.1K −$3.68/SF
NOI
$18.9K $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 Rate 5%
$377,820
Cap Rate 7%
$269,871
Cap Rate 9%
$209,900
Alternative Uses
Best Use
Multifamily LT 5
$269.9K
$236.1K – $314.9K
NOI $18,891 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$236.3K
$206.7K – $275.7K
NOI $16,539 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
749
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three-bedroom layouts, two full baths, and a single-car garage.
Where is this duplex located?
The property is located at 1214 Granby Street Durham, NC.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full baths; Each unit includes a single‑car garage; 2,200 square feet of property area
