Duplex with R-3
For Sale
$315,000
313 N Hyde Park Avenue, Durham, NC 27703
Residential Income, Durham, NC
Property Size2,040 SF
Lot Size0.22 Acres
Price / SF$154.41
Days on Market166
Property Features for 313 N Hyde Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Driveway
Subdivision
Not in a Subdivision
Elementary school
Durham - Eastway Elementary
Middle school
Durham - Durham School of the Arts
Standard status
Active
APN
111598
Size
2,040 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Cheek T E/Blk:A/Lt#7 2-73 East Durham/Hd Pl:00005B-000124
Tax Annual Amount
3002
Legal Description
Prop-Cheek T E/Blk:A/Lt#7 2-73 East Durham/Hd Pl:00005B-000124
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Wood, Carpet
Building materials
Block, Brick, Concrete, Glass, Vinyl Siding
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Vicente Jose De La P Barrios Hernandez
(919) 521-3014
Added: Apr 26
Changed: Sep 13
Last Checked: Oct 8 at 4:06AM
MLS# 10162871
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 at 313 N Hyde Park Avenue in Durham, North Carolina, contains 2040 square feet on a 0.22-acre parcel. The 1920 construction includes block, brick, concrete, glass, and vinyl siding, with a shingle roof. Interior finishes include carpet, wood, and vinyl flooring. The room layout includes four bedrooms and two bathrooms.
Heating is provided by a heat pump, while cooling includes central air and wall or window units. The property has driveway parking and is served by public water and public sewer. It carries R-3 zoning and is identified within the 27703 postal area.
Heating is provided by a heat pump, while cooling includes central air and wall or window units. The property has driveway parking and is served by public water and public sewer. It carries R-3 zoning and is identified within the 27703 postal area.
Key Highlights
- Duplex with 2040 square feet of building area
- 0.22‑acre parcel at 313 N Hyde Park Avenue, Durham, NC 27703
- R‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,517
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,340
$350.3K
Cap Rate 7%
$250,243
$250.2K
Cap Rate 9%
$194,633
$194.6K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$28.2K $13.80/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$25.0K $12.27/SF
− OpEx
−$7.5K −$3.68/SF
NOI
$17.5K $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%
$350,340
Cap Rate 7%
$250,243
Cap Rate 9%
$194,633
Alternative Uses
Best Use
Multifamily LT 5
$250.2K
$219.0K – $292.0K
NOI $17,517 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,336 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$658.7K
$576.4K – $768.5K
NOI $46,112 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
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 - Two-unit residential property with driveway parking and public water and sewer.
Where is this duplex located?
The property is located at 313 N Hyde Park Avenue Durham, NC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Duplex with 2040 square feet of building area; 0.22‑acre parcel at 313 N Hyde Park Avenue, Durham, NC 27703; R‑3 zoning
