Duplex with Four-Bedroom
For Sale
$489,500
1016 Camden Avenue, Durham, NC 27701
Residential Income, Durham, NC
Property Size2,400 SF
Lot Size0.29 Acres
Price / SF$203.96
Days on Market104
Property Features for 1016 Camden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 1
Parking features
Parking Lot
Patio and Porch features
Porch
Subdivision
To Be Added
Elementary school
Durham - Club Boulevard Elementary
Middle school
Durham - Brogden Middle
High school
Durham - Riverside High
Standard status
Active
APN
207954
Size
2,400 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Forsythe J S Estate/ Lt#03 Rev Pl:000177-000375
Tax Annual Amount
5114
Legal Description
Prop-Forsythe J S Estate/ Lt#03 Rev Pl:000177-000375
Utilities
Sewer type
Public Sewer
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2007
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Nick Fugh Realty
(919) 714-9559
Listed By:
Nick Fugh
(919) 744-7216
Added: Jun 24
Changed: Sep 15
Last Checked: Oct 5 at 11:06PM
MLS# 10176126
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.
Built in 2007, this duplex contains approximately 2,400 heated square feet across two residences of roughly 1,200 SF each. Both units feature four bedrooms and two bathrooms, creating substantial layouts for residential occupancy. One residence is vacant and available for showing, while the second is tenant occupied and requires advance notice for access. The property offers flexibility for continued rental use or owner occupancy, with select cosmetic finishes available for personalization.
The 0.29-acre property is near Downtown Durham, Duke University, shopping, dining, and major commuter routes. Improvements include vinyl siding, shingle roofing, carpet and vinyl flooring, heat-pump cooling, a porch, and a parking lot. Public water and public sewer serve the property, which is zoned R-3. The occupied unit has a lease in place through 08/31/2027.
The 0.29-acre property is near Downtown Durham, Duke University, shopping, dining, and major commuter routes. Improvements include vinyl siding, shingle roofing, carpet and vinyl flooring, heat-pump cooling, a porch, and a parking lot. Public water and public sewer serve the property, which is zoned R-3. The occupied unit has a lease in place through 08/31/2027.
Key Highlights
- Two‑unit duplex with approximately 2,400 heated square feet
- Two residences, each with 4 bedrooms and 2 bathrooms
- 0.29‑acre lot zoned R‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,608
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,160
$412.2K
Cap Rate 7%
$294,400
$294.4K
Cap Rate 9%
$228,978
$229.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.1K $13.80/SF
− Vacancy
−$3.7K −$1.53/SF
EGI
$29.4K $12.27/SF
− OpEx
−$8.8K −$3.68/SF
NOI
$20.6K $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%
$412,160
Cap Rate 7%
$294,400
Cap Rate 9%
$228,978
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
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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 residences offer separate layouts, with one currently vacant and the other leased through 08/31/2027.
Where is this duplex located?
The property is located at 1016 Camden Avenue Durham, NC.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,400 heated square feet; Two residences, each with 4 bedrooms and 2 bathrooms; 0.29‑acre lot zoned R‑3
