Renovated Brick
For Sale
$385,000
1015 Rosedale Ave, Durham, NC 27707
Two-unit residential income property with updated interiors, separate HVAC systems, and in-unit laundry hookups.
Property Size1,500 SF
Price / SF$256.67
Days on Market58
Property Features for 1015 Rosedale Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry hookups
Building Details
Year Built
1973
Year Renovated
2023
Buildings
1
Construction
brick
Listing Agency:
ParkCity Realty LLC
Listed By:
Steve Huang
(984) 328-3387
Source:
Livelovechapelhilldurham
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 7 at 3:12PM
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 ParkCity Realty LLC
Investment Insights
Based on property information with market context.
This ranch-style brick duplex contains 1,500 SF across two separate residences, each measuring approximately 750 SF with two bedrooms and one full bathroom. Renovated in 2023, both units feature updated kitchens with cabinetry, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and laundry hookups. Separate HVAC systems serve each residence, and the property has no HOA.
The property is located at 1015 Rosedale Ave in Durham, approximately 3 minutes from Duke University, 4 minutes from downtown Durham, and 5 minutes from Whole Foods. Its two-unit configuration supports separate occupancy and offers flexibility for long-term rental use or Airbnb use.
The property is located at 1015 Rosedale Ave in Durham, approximately 3 minutes from Duke University, 4 minutes from downtown Durham, and 5 minutes from Whole Foods. Its two-unit configuration supports separate occupancy and offers flexibility for long-term rental use or Airbnb use.
Key Highlights
- 1,500 SF brick duplex with two separate residential units
- Each unit is approximately 750 SF with 2 bedrooms and 1 full bathroom
- Renovated in 2023 with updated kitchens and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,880
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,600
$257.6K
Cap Rate 7%
$184,000
$184.0K
Cap Rate 9%
$143,111
$143.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$18.4K $12.27/SF
− OpEx
−$5.5K −$3.68/SF
NOI
$12.9K $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%
$257,600
Cap Rate 7%
$184,000
Cap Rate 9%
$143,111
Alternative Uses
Best Use
Multifamily LT 5
$184.0K
$161.0K – $214.7K
NOI $12,880 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 27707, NC
49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
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 income property with updated interiors, separate HVAC systems, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 1015 Rosedale Ave 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: 1,500 SF brick duplex with two separate residential units; Each unit is approximately 750 SF with 2 bedrooms and 1 full bathroom; Renovated in 2023 with updated kitchens and luxury vinyl plank flooring
