Duplex with Central
For Sale
$410,000
1107 Worth Street, Durham, NC 27701
Two-unit residential property with heat-pump systems, kitchen appliances, a driveway, and off-street parking.
Property Size1,600 SF
Price / SF$256.25
Days on Market82
Property Features for 1107 Worth Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Residential Income
Zoning
R-3
Taxes and HOA fees
Annual Taxes
$3,811
Amenities
Central Air, Heat Pump
Electric, Forced Air, Heat Pump
Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave, Refrigerator, Water Heater
Driveway, Off Site, Off Street
Building Details
Building Size
1,600 SF
Year Built
1984
Stories
2
Listing Agency:
Real Estate Broker In Charge
(984) 328-3387
Listed By:
Steve Huang
(984) 328-3387
Source:
Evrealestate
Added: May 20
Changed: Aug 8
Last Checked: Aug 9 at 7:48AM
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 Real Estate Broker In Charge
Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex, built in 1984, is configured as a two-unit residential income property. Interior features include central air, heat pumps, electric forced-air systems, and water heaters. The kitchens are equipped with free-standing electric ovens, refrigerators, and microwaves. Exterior features include a driveway and off-street parking.
The property is located at 1107 Worth Street in Durham, North Carolina, within Durham County. R-3 zoning supports its residential classification. Access is provided from Worth Street after turning from N Alston Ave.
The property is located at 1107 Worth Street in Durham, North Carolina, within Durham County. R-3 zoning supports its residential classification. Access is provided from Worth Street after turning from N Alston Ave.
Key Highlights
- 1,600 SF duplex built in 1984
- R‑3 zoning in Durham County
- Central air and heat‑pump systems
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
$13,739
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
3.35%
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%
$274,780
$274.8K
Cap Rate 7%
$196,271
$196.3K
Cap Rate 9%
$152,656
$152.7K
Market Conditions
NOI Build-Up for 1,600 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
$22.1K $13.80/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$19.6K $12.27/SF
− OpEx
−$5.9K −$3.68/SF
NOI
$13.7K $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%
$274,780
Cap Rate 7%
$196,271
Cap Rate 9%
$152,656
Alternative Uses
Best Use
Multifamily LT 5
$196.3K
$171.7K – $229.0K
NOI $13,739 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$171.8K
$150.4K – $200.5K
NOI $12,029 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,166 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
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
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 - Two-unit residential property with heat-pump systems, kitchen appliances, a driveway, and off-street parking.
Where is this duplex located?
The property is located at 1107 Worth Street Durham, NC.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1,600 SF duplex built in 1984; R‑3 zoning in Durham County; Central air and heat‑pump systems
