Triplex with Historic
New
For Sale
$499,000
1009 Golf Street, Durham, NC 27705
Residential Income, Durham, NC
Property Size1,979 SF
Lot Size0.12 Acres
Price / SF$252.15
Days on Market1
Property Features for 1009 Golf Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Basement
Parking features
Driveway, On Street
Window features
Blinds
Patio and Porch features
Porch
Interior features
Bathtub/Shower Combination
Exterior features
Rain Gutters, Storage
Basement
Exterior Entry
Appliances
Dryer, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator, Washer
Subdivision
Not in a Subdivision
Standard status
Active
APN
0812-94-7535
Size
1,979 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Hester Heights/Blk:03/Lt# 10 Pt Pl:00005A-000050
Tax Annual Amount
4989
Legal Description
Hester Heights/Blk:03/Lt# 10 Pt Pl:00005A-000050
Utilities
Sewer type
Public Sewer
Heating system
Central, Baseboard, Electric (Heating)
Cooling system
Wall Unit(s), Electric, Central Air
Water source
Public
Amenities
laundry room
storage building
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Added: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# 10198423
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.
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Investment Insights
Based on property information with market context.
This 1,979-square-foot triplex, built in 1940, sits on a 0.12-acre lot. Hardwood floors and detailed moldings complement a dedicated laundry room and a separate storage building. The roof was replaced in 2019, and Units A and C received new windows in 2025; both also have central HVAC. The property is fully leased, with an established rental history, and tenants cover all utilities.
Duke University campuses are minutes away, while 9th Street and Broad Street shops and restaurants are a few blocks from the property. Public water and sewer serve the site.
Duke University campuses are minutes away, while 9th Street and Broad Street shops and restaurants are a few blocks from the property. Public water and sewer serve the site.
Key Highlights
- Three‑unit residential property with 1,979 square feet on a 0.12‑acre lot
- Built in 1940; fully leased with an established rental history
- Roof replaced in 2019; new windows installed in Units A and C 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
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Open Analytics
Current Use
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 - Residents pay their own utility costs, and Units A and C have central HVAC.
Where is this triplex located?
The property is located at 1009 Golf Street 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: Three‑unit residential property with 1,979 square feet on a 0.12‑acre lot; Built in 1940; fully leased with an established rental history; Roof replaced in 2019; new windows installed in Units A and C in 2025
