Triplex with Dedicated Laundry
For Sale
$499,000
1009 Golf St, Durham, NC 27705
All three residences are leased, and tenants cover their utility costs.
Property Size1,979 SF
Price / SF$252.15
Days on Market8
Property Features for 1009 Golf St
General Information
Standard status
Active
Size
1,979 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,989
Amenities
dedicated laundry room
storage building
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Source:
Exprealty
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 1:59AM
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 Frasher Whaley Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,979-square-foot triplex includes hardwood floors, detailed moldings, a dedicated laundry room, and a separate storage building. Units A and C have central HVAC, and both received new windows in 2025. The roof was replaced in 2019. Tenants pay all utilities, and the property is fully leased.
At 1009 Golf St in Durham’s Old West Durham neighborhood, the property is a few minutes from Duke University’s campuses and a short walk from shops and restaurants along 9th Street and Broad Street.
At 1009 Golf St in Durham’s Old West Durham neighborhood, the property is a few minutes from Duke University’s campuses and a short walk from shops and restaurants along 9th Street and Broad Street.
Key Highlights
- Fully leased triplex with 1,979 square feet
- Tenants pay all utilities
- Units A and C have central HVAC and new windows installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,993
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,860
$339.9K
Cap Rate 7%
$242,757
$242.8K
Cap Rate 9%
$188,811
$188.8K
Market Conditions
NOI Build-Up for 1,979 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$24.3K $12.27/SF
− OpEx
−$7.3K −$3.68/SF
NOI
$17.0K $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%
$339,860
Cap Rate 7%
$242,757
Cap Rate 9%
$188,811
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$212.5K
$186.0K – $248.0K
NOI $14,878 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$639.0K
$559.2K – $745.6K
NOI $44,733 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,048
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are leased, and tenants cover their utility costs.
Where is this triplex located?
The property is located at 1009 Golf St Durham, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully leased triplex with 1,979 square feet; Tenants pay all utilities; Units A and C have central HVAC and new windows installed in 2025
