Two-Unit
New
For Sale
$479,500
1016 Camden Avenue, Durham, NC 27701
Residential Income, Durham, NC
Property Size2,400 SF
Lot Size0.29 Acres
Price / SF$199.79
Days on Market6
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 8, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 7, Bathroom 4
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
Additional Details
Tenant in Place
Yes
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: Oct 27
Changed: Oct 29
Last Checked: Nov 1 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This Durham duplex contains 2,400 square feet across two residences, each configured with four bedrooms and two bathrooms. One unit is vacant; the other is occupied under a lease running through 08/31/2027. The 0.29-acre property was built in 2007 and includes a porch and parking lot. Vinyl siding, a shingle roof, carpet and vinyl flooring, and heat pump cooling are among its existing features. Public water and public sewer serve the property, which is zoned R-3.
The property is in Durham, near Downtown Durham, Duke University, shopping, dining, and major commuter routes.
The property is in Durham, near Downtown Durham, Duke University, shopping, dining, and major commuter routes.
Key Highlights
- Two residences with 4 bedrooms and 2 bathrooms each
- 2,400 square feet of total building area
- 0.29‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,608
Cap Rate
4.30%
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 4.30%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines one vacant residence with a second unit that remains tenant occupied.
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 $479,500.
What are key features of this property?
This property features: Two residences with 4 bedrooms and 2 bathrooms each; 2,400 square feet of total building area; 0.29‑acre parcel
