Renovated Brick
For Sale
$370,000
1015 Rosedale Avenue, Durham, NC 27707
Residential Income, Durham, NC
Property Size1,500 SF
Lot Size0.12 Acres
Price / SF$246.67
Days on Market185
Property Features for 1015 Rosedale Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Offsite, Driveway
Appliances
Dishwasher, Disposal, Free-Standing Electric Oven, Microwave, Refrigerator
Subdivision
Lyon Park
Elementary school
Durham - Morehead Montessori
Middle school
Durham - Lakewood Montessori Middle School
High school
Durham - Charles E Jordan Sr High School
Standard status
Active
APN
PIN # 0821-35-2555
Size
1,500 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lyon Park/Lt#028-029 Pl:00005A-000042
Tax Annual Amount
3674
Legal Description
Lyon Park/Lt#028-029 Pl:00005A-000042
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry hookups
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Buildings
1
Listing Agency:
ParkCity Realty LLC
(919) 791-5589
Listed By:
Steve Huang
(984) 328-3387
Added: Apr 29
Changed: Oct 28
Last Checked: Oct 30 at 8:06AM
MLS# 10163498
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 ranch-style brick duplex contains two separate residential units totaling 1,500 square feet, with approximately 750 SF per unit. Each unit includes two bedrooms, one full bathroom, a modern kitchen with cabinetry, granite countertops, and stainless steel appliances, plus luxury vinyl plank flooring and in-unit laundry hookups. The property was renovated in 2023 and has two separate HVAC systems, central air, a shingle roof, public water, and public sewer.
The property is 3 minutes from Duke University, 4 minutes from downtown Durham, and 5 minutes from Whole Foods. Parking includes a driveway and offsite options. There is no HOA.
The property is 3 minutes from Duke University, 4 minutes from downtown Durham, and 5 minutes from Whole Foods. Parking includes a driveway and offsite options. There is no HOA.
Key Highlights
- Two‑unit duplex with 1,500 square feet total; each unit is approximately 750 SF
- 2023 renovation with modern kitchens, granite countertops, and stainless steel appliances
- Each unit includes 2 bedrooms, 1 full bathroom, and in‑unit laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,880
Cap Rate
3.48%
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 3.48%
Second Best
Apartment 5plus
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated rental units feature modern kitchens, in-unit laundry hookups, and separate HVAC systems.
Where is this duplex located?
The property is located at 1015 Rosedale Avenue Durham, NC.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,500 square feet total; each unit is approximately 750 SF; 2023 renovation with modern kitchens, granite countertops, and stainless steel appliances; Each unit includes 2 bedrooms, 1 full bathroom, and in‑unit laundry hookups
