Renovated Duplex in Golden
For Sale
$410,000
1107 Worth Street, Durham, NC 27701
MULTI_FAMILY - Durham, NC
Property Size1,600 SF
Lot Size0.13 Acres
Price / SF$256.25
Days on Market93
Property Features for 1107 Worth Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Driveway, Off Street, Offsite
Appliances
Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave, Refrigerator, Water Heater
Subdivision
Golden Belt Mfg Company
Elementary school
Durham - W G Pearson Elementary
Middle school
Durham - Brogden Middle
High school
Durham - Riverside High
Standard status
Active
APN
PIN # 0831-34-3909
Size
1,600 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Golden Belt Mfg Co/1107 Worth St Golden Belt/Hd Pl:00028A-000016
Tax Annual Amount
3812
Legal Description
Golden Belt Mfg Co/1107 Worth St Golden Belt/Hd Pl:00028A-000016
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Masonite, Vinyl Siding
Roof type
Shingle
Listing Agency:
ParkCity Realty LLC
(919) 791-5589
Listed By:
Steve Huang
(984) 328-3387
Added: Apr 29
Changed: Jul 24
Last Checked: Jul 30 at 12:06PM
MLS# 10163504
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.
This renovated duplex is located in the Golden Belt District of Durham. The property features two separate units, each approximately 800 square feet, with 2 bedrooms and 1 full bathroom. Each unit includes a modern kitchen, cabinetry, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and in-unit laundry hookups. Renovations completed in 2022 include two separate HVAC systems. The property is located 8 minutes from Duke University and 5 minutes from downtown Durham, and is within walking distance of two breweries. Unit A is ready for rent, and Unit B currently has a month-to-month tenant. Expected market rent is $1,250-$1,300 per unit. The property has potential for long-term rental or Airbnb income. The lot size is 0.13 acres and the property size is 1600 square feet. The property is zoned R-3.
Key Highlights
- Fully renovated duplex in Durham’s Golden Belt District (no HOA), built in 1984
- 2 separate units, each approx. 800 SF, with 2 bedrooms and 1 full bathroom
- Renovated in 2022 with in‑unit laundry hookups and modern kitchens with granite countertops and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $13.80 |
| − Vacancy | −$2.5k | −$1.53 |
| EGI | $19.6k | $12.27 |
| − OpEx | −$5.9k | −$3.68 |
| NOI | $13.7k | $8.59 |
1,600 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex near Duke University and downtown Durham.
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: Fully renovated duplex in Durham’s Golden Belt District (no HOA), built in 1984; 2 separate units, each approx. 800 SF, with 2 bedrooms and 1 full bathroom; Renovated in 2022 with in‑unit laundry hookups and modern kitchens with granite countertops and stainless steel appliances
