New Two-Story
For Sale
$679,000
1109 Eva St, Durham, NC 27703
Two three-bedroom units feature modern kitchens and private fenced outdoor areas.
Property Size3,034 SF
Price / SF$223.80
Days on Market64
Property Features for 1109 Eva St
General Information
Standard status
Active
Size
3,034 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
private rear deck
fully fenced backyard
Building Details
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
Rockwood Realty Inc.
Listed By:
Roberto Hernandez · License #218533
(919) 313-4545
Source:
Tcrnc
Added: Aug 13
Changed: Oct 7
Last Checked: Oct 13 at 12:43AM
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 Rockwood Realty Inc.
Investment Insights
Based on property information with market context.
Completed in 2025, this 3,034-square-foot duplex is arranged as two side-by-side residences across two stories. Each unit includes three bedrooms and 2.5 bathrooms, with a primary suite featuring a tiled walk-in shower. The interiors also provide open kitchen layouts with stainless steel appliances, solid-surface countertops, and tiled backsplashes. Private rear decks and fully fenced backyards extend each residence’s usable space.
The property is located 1.5 miles from downtown Durham, placing it near restaurants, DPAC, the Durham Bulls, and other local attractions. Access to the Durham Freeway and I-85 supports travel throughout the area.
The property is located 1.5 miles from downtown Durham, placing it near restaurants, DPAC, the Durham Bulls, and other local attractions. Access to the Durham Freeway and I-85 supports travel throughout the area.
Key Highlights
- 3,034 SF duplex completed in 2025
- Two side‑by‑side, two‑story units
- Each unit offers 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,052
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,040
$521.0K
Cap Rate 7%
$372,171
$372.2K
Cap Rate 9%
$289,467
$289.5K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$41.9K $13.80/SF
− Vacancy
−$4.7K −$1.53/SF
EGI
$37.2K $12.27/SF
− OpEx
−$11.2K −$3.68/SF
NOI
$26.1K $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%
$521,040
Cap Rate 7%
$372,171
Cap Rate 9%
$289,467
Alternative Uses
Best Use
Multifamily LT 5
$372.2K
$325.7K – $434.2K
NOI $26,052 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$325.8K
$285.1K – $380.2K
NOI $22,809 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$979.7K
$857.3K – $1.14M
NOI $68,580 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
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 three-bedroom units feature modern kitchens and private fenced outdoor areas.
Where is this duplex located?
The property is located at 1109 Eva St Durham, NC.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 3,034 SF duplex completed in 2025; Two side‑by‑side, two‑story units; Each unit offers 3 bedrooms and 2.5 bathrooms
