Duplex with Central
For Sale
$410,000
1107 Worth St, 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 Market66
Property Features for 1107 Worth St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Building Details
Year Built
1984
Listing Agency:
ParkCity Realty LLC
Listed By:
Steve Huang
(984) 328-3387
Source:
Rubyhenderson
Added: Aug 1
Changed: Oct 3
Last Checked: Oct 4 at 12:23PM
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 ParkCity Realty LLC
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 / Yr
$13,739
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 St 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
