Duplex with Fenced Back
For Sale
$334,000
1019 Sedgefield Street, Durham, NC 27705
MULTI_FAMILY - Durham, NC
Property Size1,170 SF
Lot Size0.16 Acres
Price / SF$285.47
Days on Market253
Property Features for 1019 Sedgefield Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Driveway, On Street
Security features
Security System
Window features
Blinds
Patio and Porch features
Porch
Interior features
Bathtub/Shower Combination
Fencing
Fenced
Appliances
Electric Range, Refrigerator, Washer/Dryer
Subdivision
Not in a Subdivision
Standard status
Active
APN
0822-44-4381
Size
1,170 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
The Suburban L&P Co/Blk:2 8/Prop-Dennis W J/Lt#17 Pl:00005A-000041
Tax Annual Amount
3342
Legal Description
The Suburban L&P Co/Blk:2 8/Prop-Dennis W J/Lt#17 Pl:00005A-000041
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Central Air, Electric
Water source
Public
Amenities
Hardwood floors
central HVAC
front porch
fenced-in back yard
washer/dryer
fridge
stove
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Roof type
Shingle
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Added: Dec 11, 2025
Changed: Aug 2
Last Checked: Aug 21 at 9:06AM
MLS# 10136743
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.
Duplex in Durham, NC featuring a total of 1,170 SF with two bedrooms and one bathroom per unit layout. The property includes hardwood flooring, central HVAC with heat pump and electric heating, and an exterior porch plus a fenced-in back yard.
Each unit is all-electric and includes an electric range, refrigerator, and washer/dryer. Parking is available via a driveway and on-street spaces, and the home is served by public water and public sewer. The roof is shingle and the property was built in 1920.
Both units are leased until 2027. Access to the property is by appointment only.
Each unit is all-electric and includes an electric range, refrigerator, and washer/dryer. Parking is available via a driveway and on-street spaces, and the home is served by public water and public sewer. The roof is shingle and the property was built in 1920.
Both units are leased until 2027. Access to the property is by appointment only.
Key Highlights
- 1,170 SF duplex built in 1920
- Two all‑electric units leased until 2027
- Hardwood floors with central HVAC, heat pump and electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,940
$200.9K
Cap Rate 7%
$143,529
$143.5K
Cap Rate 9%
$111,633
$111.6K
Market Conditions
NOI Build-Up for 1,170 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.1K $13.80/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$14.4K $12.27/SF
− OpEx
−$4.3K −$3.68/SF
NOI
$10.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,940
Cap Rate 7%
$143,529
Cap Rate 9%
$111,633
Alternative Uses
Best Use
Multifamily LT 5
$143.5K
$125.6K – $167.5K
NOI $10,047 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$125.7K
$110.0K – $146.6K
NOI $8,796 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$377.8K
$330.6K – $440.8K
NOI $26,446 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,228
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two all-electric units featuring hardwood floors, central HVAC, and a fenced-in back yard.
Where is this duplex located?
The property is located at 1019 Sedgefield Street Durham, NC.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: 1,170 SF duplex built in 1920; Two all‑electric units leased until 2027; Hardwood floors with central HVAC, heat pump and electric heating
