Duplex with Attached
For Sale
$415,000
1214 Granby Street, Durham, NC 27701
Residential Income, Durham, NC
Property Size2,200 SF
Lot Size0.26 Acres
Price / SF$188.64
Days on Market51
Property Features for 1214 Granby Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 6
Parking features
Driveway, Garage
Vegetation
Cleared
Interior features
Bathtub/Shower Combination, Breakfast Bar, Laminate Counters, Open Floorplan
Exterior features
Rain Gutters
Appliances
Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Range Hood, Refrigerator
Subdivision
Not in a Subdivision
Lot features
Cleared, Corner Lot, Few Trees, Gentle Sloping, Sloped
Elementary school
Durham - Eastway Elementary
Middle school
Durham - Durham School of the Arts
Standard status
Active
APN
209835
Size
2,200 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Tatum/Goose Crk/Lt#0 1 Recomb Pl:000182-000232
Tax Annual Amount
4554
Legal Description
Prop-Tatum/Goose Crk/Lt#0 1 Recomb Pl:000182-000232
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Forced Air
Cooling system
Central Air, Electric, Heat Pump
Water source
Public
Building Details
Year built
2009
Floors in Building
2
Number of units
2
Flooring type
Wood, Simulated wood, Tile
Building materials
Vinyl Siding
Roof type
Shingle
Buildings
1
Listing Agency:
NorthGroup Real Estate, Inc.
(704) 412-2804
Listed By:
Christine Menear · License #258467
(910) 603-4660
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 31 at 8:06PM
MLS# 10192343
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.
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex was built in 2009 and sits on a 0.26-acre corner lot. Each residence includes three bedrooms, two full bathrooms, and a single-car garage. Interior features include an open floorplan, breakfast bar, and laminate counters; public water and sewer serve the property.
The property is near downtown Durham and is zoned R-3. Tenants are in place under annual leases that expire April 30, 2027.
The property is near downtown Durham and is zoned R-3. Tenants are in place under annual leases that expire April 30, 2027.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Single‑car garage for each residence
- 2,200 square feet on a 0.26‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,891
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,820
$377.8K
Cap Rate 7%
$269,871
$269.9K
Cap Rate 9%
$209,900
$209.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$3.4K −$1.53/SF
EGI
$27.0K $12.27/SF
− OpEx
−$8.1K −$3.68/SF
NOI
$18.9K $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%
$377,820
Cap Rate 7%
$269,871
Cap Rate 9%
$209,900
Alternative Uses
Best Use
Multifamily LT 5
$269.9K
$236.1K – $314.9K
NOI $18,891 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$236.3K
$206.7K – $275.7K
NOI $16,539 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
749
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, and an annual lease extending through April 30, 2027.
Where is this duplex located?
The property is located at 1214 Granby Street Durham, NC.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Single‑car garage for each residence; 2,200 square feet on a 0.26‑acre corner lot
