Two-Unit Brick
New
For Sale
$350,000
1026 Moreland Avenue, Durham, NC 27707
Residential, Durham, NC
Property Size1,462 SF
Lot Size0.11 Acres
Price / SF$239.40
Days on Market2
Property Features for 1026 Moreland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
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
108382
Size
1,462 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lyon Park/Lt#054-055 Pl:00005A-000042
Tax Annual Amount
3333
Legal Description
Lyon Park/Lt#054-055 Pl:00005A-000042
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Flooring type
Carpet
Building materials
Brick Veneer
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeService · Berkshire Hathaway HomeServices
(919) 383-4663
Listed By:
Susan Richter
(919) 451-4663
Added: Oct 15
Last Checked: Oct 16 at 2:06AM
MLS# 10198532
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.
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 duplex contains two residences, each with two bedrooms. The 1,462-square-foot building dates to 1971 and sits on a 0.11-acre lot. Brick veneer construction, carpet flooring, central air, and heat-pump heating are among its features.
The property is in Durham, near Duke, and is served by public water and sewer. R-3 zoning is designated for the site.
The property is in Durham, near Duke, and is served by public water and sewer. R-3 zoning is designated for the site.
Key Highlights
- Two residences, each with two bedrooms
- 1,462‑square‑foot building on a 0.11‑acre lot
- One‑level brick veneer construction
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, with fresh interior paint and new carpet.
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: Two residences, each with two bedrooms; 1,462‑square‑foot building on a 0.11‑acre lot; One‑level brick veneer construction
