Fully Renovated Duplex
1007 Grant Street Durham, NC 27701
1007 Grant Street, Durham, NC, 27701
$385,000
Pending
For Sale
$385,000
Pending
DUPLEX - Ranch - Durham, NC
Property Size1,375 SF
Lot Size0.24 Acres
Days on Market31
Property Features for 1007 Grant Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-3
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Driveway
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Recessed Lighting, Stone Counters
- Exterior features
- Rain Gutters, Storage
- Appliances
- Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
- Standard status
- Pending
- APN
- 201656
- Size
- 1,375 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Prop-Cordice Pearl Heirs/ Lt#19-21 Incl Pl:000165-000124
- Tax Annual Amount
- 2593
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Separate Meters, Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Flooring type
- Concrete, Wood, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Ranch
- Additional Structures
- Storage, Outbuilding
Listing agency
EXP Realty LLC
(888) 584-9431
Listed by
Ariadna Sibello
(786) 973-3492
Added: Jun 21 Updated: Jul 18 at 12:02AM Checked: Jul 21 at 5:06PM
MLS# 10175718
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 fully renovated ranch duplex provides two separate residential units, with both units currently vacant. The configuration supports flexible occupancy, whether you prefer living in one unit while leasing the other, or leasing both units. The property is described as move-in ready and positioned for the next owner’s preferred leasing or owner-occupancy plan.
Located at 1007 Grant Street in Durham, NC 27701, the home sits on a 0.24-acre lot and totals 1,375 square feet. The listing notes convenient proximity to NCCU, downtown Durham, shopping and dining, and major highways.
With both units vacant by choice and not under renewed leases, the buyer has full discretion over selecting tenants and setting rental terms, as well as choosing whether to occupy one unit. The R-3 zoning designation may support a range of residential income and owner-occupant uses consistent with the property’s duplex format. At this size and lot footprint, the asset is suited to investors seeking a straightforward two-unit setup or owner-occupants looking for practical separation between living space and rental space.
Located at 1007 Grant Street in Durham, NC 27701, the home sits on a 0.24-acre lot and totals 1,375 square feet. The listing notes convenient proximity to NCCU, downtown Durham, shopping and dining, and major highways.
With both units vacant by choice and not under renewed leases, the buyer has full discretion over selecting tenants and setting rental terms, as well as choosing whether to occupy one unit. The R-3 zoning designation may support a range of residential income and owner-occupant uses consistent with the property’s duplex format. At this size and lot footprint, the asset is suited to investors seeking a straightforward two-unit setup or owner-occupants looking for practical separation between living space and rental space.
Key Highlights
- Fully renovated brick ranch duplex with 4 bedrooms total and separate rooms/baths per unit plan
- Both units are currently vacant, giving the next owner flexibility to occupy one or lease both
- Appliances included: stainless steel dishwasher, electric range, microwave, and refrigerators
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 | $19.0k | $13.80 |
| − Vacancy | −$2.1k | −$1.53 |
| EGI | $16.9k | $12.27 |
| − OpEx | −$5.1k | −$3.68 |
| NOI | $11.8k | $8.59 |
1,375 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$168.7K
$147.6K – $196.8K
NOI $11,807 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$147.7K
$129.2K – $172.3K
NOI $10,337 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,080 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Move-in ready duplex with two vacant units, offering flexible owner-occupant or two-lease options.
Where is this duplex located?
The property is located at 1007 Grant Street Durham, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fully renovated brick ranch duplex with 4 bedrooms total and separate rooms/baths per unit plan; Both units are currently vacant, giving the next owner flexibility to occupy one or lease both; Appliances included: stainless steel dishwasher, electric range, microwave, and refrigerators
