Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2209-2211 Morehead Ave Durham, NC 27707

    For Sale
    $1,739,000

    MULTI_FAMILY - Durham, NC

    Type:Apartment
    Property size:
    9,148 SF
    Lot size:
    1.01 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 2209-2211 Morehead Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Apartment
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RS-M
    Rooms
    Bathroom 8, Bedroom 10, Bedroom 5, Bedroom 15, Bathroom 4, Bedroom 21, Bathroom 10, Bedroom 9, Bedroom 7, Bathroom 12, Bedroom 20, Bedroom 4, Bathroom 9, Bedroom 6, Bathroom 5, Basement, Bedroom 12, Bedroom 18, Bedroom 8, Bedroom 16, Bedroom 22, Bedroom 11, Bathroom 1, Bathroom 3, Bedroom 13, Bedroom 1, Bedroom 14, Bedroom 3, Bathroom 7, Bathroom 13, Bathroom 11, Bathroom 6, Bathroom 2, Bedroom 2, Bedroom 19, Bedroom 17
    Bedrooms
    22
    Bathrooms
    13
    APN
    0821-05-6967 and 0821-05-5967
    Basement
    Daylight
    Size
    9,148 SF
    Lot size
    1.01 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    3
    Number of units
    9
    Flooring type
    Carpet, Vinyl, Hardwood
    Building materials
    Brick Veneer
    Roof type
    Shingle

    Compass North Carolina (212) 913-9058 [email protected]

    Listing agent Ed W Billings (919) 423-6627

    Listing date Dec 3, 2025

    MLS# 10102564 Listing URL

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Investment Near Duke

    This multifamily property, comprised of two buildings with nine units, presents an investor opportunity less than one mile from Duke University. It offers a 6.2% cap rate and stable rents. The unit mix includes 3BR/2BA and 2BR/1BA layouts. Recent upgrades include a new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens and baths in various units, and selective interior renovations such as hardwoods, appliances, and reconfigured closets. The property features low turnover, a proven rental history, and a walkable yet private setting. The property size is 9148 square feet on a 1.01-acre lot. The zoning is RS-M. This property is ideal for investors seeking stable performance with value-add levers.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.93013
    Latitude
    35.99194

    Nearby Similar for Sale

    • $539,000
      Pending

      Well-Maintained Duplex in American Village

      Duplex near Downtown Durham, Duke University, and Duke Hospital.
      4316 American Dr, Durham, NC 27705
      View Details
    • $414,000
      1,500 SF

      Renovated Duplex Near Duke University

      Fully renovated Durham duplex, ideal for investors or owner-occupants.
      1015 Rosedale Ave, Durham, NC 27707
      View Details
    • $6,500,000
      1.80 Acres

      Prime Commercial Property in Durham

      Commercial property in Durham's Hayti District, near downtown.
      601 Fayetteville St, Durham, NC 27701
      View Details
    • $599,000
      1,249 SF

      Durham Duplex: Turnkey Investment Opportunity

      West Durham duplex, furnished, remodeled, with income potential.
      1022 Carolina Ave, Durham, NC 27705
      View Details
    • $374,000
      Pending

      Durham Duplex Investment Opportunity

      Duplex in prime location, ideal for investors or house hackers.
      1433 Cherrycrest Dr, Durham, NC 27704
      View Details
    • $768,000
      Pending

      Durham Quadplex Near Duke Campus

      Fully leased quadruplex near Duke East Campus with strong rental history.
      1023 Berkeley St, Durham, NC 27705
      View Details

    FAQs

    What type of property is this?
    Apartment building - Nine units in two buildings near Duke University.
    Where is this apartment building located?
    The property is located at 2209-2211 Morehead Ave Durham, NC.
    What is the asking price?
    The asking price for this property is $1,739,000.
    What are key features of this property?
    This property features: - Strong in-place cash flow with a 6.2% cap rate.; - Prime location: less than 1 mile from Duke University.; - Renovated with recent upgrades: new roof, HVAC upgrades, modernized kitchens/baths.
    (919) 423-6627
    Request Owner's contact information
    2209-2211 Morehead Ave Durham, NC 27707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2209-2211 Morehead Ave
    Durham, NC 27707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2209-2211 Morehead Ave Durham, NC 27707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.