Brick
1026 Moreland Avenue, Durham, NC 27707
For Sale
$350,000
One-level configuration provides two separate sides, each with a two-bedroom layout.
Property Size1,462 SF
Price / SF$239.40
Days on Market26
Property Features for 1026 Moreland Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Berkshire Hathaway HomeService
Listed By:
Susan Richter
Source:
Hendrenrealtygroup
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 8 at 8:35AM
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 Berkshire Hathaway HomeService
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-level brick duplex contains 1,462 square feet and was built in 1971. Each side has two bedrooms. Recent interior work includes fresh paint and new carpet, and the property has been described as well cared for.
The property is at 1026 Moreland Avenue in Durham, North Carolina. The site also has room for a garden.
The property is at 1026 Moreland Avenue in Durham, North Carolina. The site also has room for a garden.
Key Highlights
- 1,462‑square‑foot, one‑level brick duplex
- Each side has 2 bedrooms
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,554
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,080
$251.1K
Cap Rate 7%
$179,343
$179.3K
Cap Rate 9%
$139,489
$139.5K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$20.2K $13.80/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$17.9K $12.27/SF
− OpEx
−$5.4K −$3.68/SF
NOI
$12.6K $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%
$251,080
Cap Rate 7%
$179,343
Cap Rate 9%
$139,489
Alternative Uses
Best Use
Multifamily LT 5
$179.3K
$156.9K – $209.2K
NOI $12,554 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$157.0K
$137.4K – $183.2K
NOI $10,991 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$472.1K
$413.1K – $550.8K
NOI $33,047 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$371,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Durham, NC
Properties on Market for Duplexes in Durham
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One-level configuration provides two separate sides, each with a two-bedroom layout.
Where is this duplex located?
The property is located at 1026 Moreland Avenue Durham, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,462‑square‑foot, one‑level brick duplex; Each side has 2 bedrooms; Built in 1971
