1427 Cherrycrest Drive Durham, NC 27704
MULTI_FAMILY - Durham, NC
- Added:
- Jul 6, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 13 at 10:06 pm
Property Features for 1427 Cherrycrest Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RU-5(2)
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1
- Standard status
- Active
- APN
- 127136
- Size
- 2,166 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Village Green North/Sht:0 2/Sec:02/Blk:2/Lt#45 Pl:000104-00144A
- Tax Annual Amount
- 3566
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
- Carpet, Laminate, Vinyl
- 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 a Durham setting convenient to shopping, dining, and major commuter routes. It is zoned RU-5(2), supporting residential use as described for the site.
On the residential income side, this duplex configuration can suit buyers looking for either a homeowner setup or a rental-focused approach, with the functional, established interior layout supporting everyday living.
Key Highlights
- 4‑bedroom, 3‑bathroom duplex home at 1427 Cherrycrest Drive in Durham
- Built in 1984 with vinyl siding and a shingle roof
- Central air cooling plus electric heating and a heat pump
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 |
