Two-Unit Residential
1000 Broad St, Durham, NC 27705
For Sale
$525,000
Pending
Two residential units offer practical layouts in a neighborhood setting with access to dining, shopping, schools, and major roads.
Property Size2,449 SF
Days on Market71
Property Features for 1000 Broad St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Keller Williams Elite Realty
Listed By:
Michelle Edwards Mitchell · License #121569
(919) 306-1639
Source:
Myhomesearchtriangle
Added: Aug 31
Changed: Nov 6
Last Checked: Nov 8 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elite Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 2,449-square-foot property built in 1937. Each unit is described as having a practical layout and comfortable living space, supporting continued residential use.
The property is at 1000 Broad St. in Durham, with access to downtown, restaurants, shopping, schools, and major roads. Its setting combines proximity to city amenities with an established residential environment.
The property is at 1000 Broad St. in Durham, with access to downtown, restaurants, shopping, schools, and major roads. Its setting combines proximity to city amenities with an established residential environment.
Key Highlights
- Duplex with two residential units
- 2,449‑square‑foot property
- Built in 1937
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,029
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,580
$420.6K
Cap Rate 7%
$300,414
$300.4K
Cap Rate 9%
$233,656
$233.7K
Market Conditions
NOI Build-Up for 2,449 SF
Gross rent
$33.8K $13.80/SF
− Vacancy
−$3.8K −$1.53/SF
EGI
$30.0K $12.27/SF
− OpEx
−$9.0K −$3.68/SF
NOI
$21.0K $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%
$420,580
Cap Rate 7%
$300,414
Cap Rate 9%
$233,656
Alternative Uses
Best Use
Multifamily LT 5
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$263.0K
$230.1K – $306.9K
NOI $18,411 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$790.8K
$692.0K – $922.6K
NOI $55,357 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
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Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Durham, NC
Properties on Market for Duplexes in Durham
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer practical layouts in a neighborhood setting with access to dining, shopping, schools, and major roads.
Where is this duplex located?
The property is located at 1000 Broad St Durham, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex with two residential units; 2,449‑square‑foot property; Built in 1937
