1421 Cherrycrest Drive Durham, NC 27704
MULTI_FAMILY - Durham, NC
- Added:
- Jul 6, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 13 at 7:06 pm
Property Features for 1421 Cherrycrest Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RU-5(2)
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3
- Parking features
- Driveway, On Street
- Standard status
- Active
- APN
- 127134
- Size
- 2,166 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Village Green North/Sht:0 2/Sec:02/Blk:2/Lt#43 Pl:000104-00144A
- Tax Annual Amount
- 3527
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Kevin Fairfax License #263060 (919) 235-5216
Listing office RE/MAX One Hundred 4214 Fayetteville Rd, Durham, NC (919) 296-1002
Listing date Jul 6, 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.
Investment Insights
Based on property information with market context.
The property is located in Durham, North Carolina (27704). Public remarks note convenience to shopping, dining, and major commuter routes.
With 2,166 square feet of building area on a 0.24-acre lot, this duplex provides a solid foundation for buyers looking for a residential income property where improvements may help enhance value.
Key Highlights
- 4‑bedroom, 3‑bath duplex with a flexible layout and multiple bedroom/bathroom spaces
- Central air cooling with heat pump and electric heating
- Carpet, vinyl, and laminate flooring throughout
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 | $29.9k | $13.80 |
| − Vacancy | −$3.3k | −$1.53 |
| EGI | $26.6k | $12.27 |
| − OpEx | −$8.0k | −$3.68 |
| NOI | $18.6k | $8.59 |
