Duplex with Two Four-Bedroom
For Sale
$489,500
1016 Camden Ave, Durham, NC 27701
One residence is vacant, while the other is leased through 08/31/2027.
Property Size2,400 SF
Price / SF$203.96
Days on Market78
Property Features for 1016 Camden Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Nick Fugh Realty
Listed By:
Nick Fugh
(919) 648-2942
Source:
Livingnc
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 4 at 12:57PM
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 Nick Fugh Realty
Investment Insights
Based on property information with market context.
Built in 2007, this Durham duplex contains approximately 2,400 heated square feet divided between two residences. Each unit provides approximately 1,200 SF with four bedrooms and two bathrooms. One residence is vacant and available for showing, while the occupied unit can be viewed by appointment with advance notice. Select cosmetic finishes may be personalized by the next owner.
The property is located at 1016 Camden Ave in Durham, near Downtown Durham, Duke University, shopping, dining, and major commuter routes. The occupied residence has a lease extending through 08/31/2027, while the vacant unit offers immediate access for evaluation and planning.
The property is located at 1016 Camden Ave in Durham, near Downtown Durham, Duke University, shopping, dining, and major commuter routes. The occupied residence has a lease extending through 08/31/2027, while the vacant unit offers immediate access for evaluation and planning.
Key Highlights
- Approximately 2,400 heated square feet across two residential units
- Two 4‑bedroom, 2‑bath residences, each approximately 1,200 SF
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,608
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,160
$412.2K
Cap Rate 7%
$294,400
$294.4K
Cap Rate 9%
$228,978
$229.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.1K $13.80/SF
− Vacancy
−$3.7K −$1.53/SF
EGI
$29.4K $12.27/SF
− OpEx
−$8.8K −$3.68/SF
NOI
$20.6K $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%
$412,160
Cap Rate 7%
$294,400
Cap Rate 9%
$228,978
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
541
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 - One residence is vacant, while the other is leased through 08/31/2027.
Where is this duplex located?
The property is located at 1016 Camden Ave Durham, NC.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Approximately 2,400 heated square feet across two residential units; Two 4‑bedroom, 2‑bath residences, each approximately 1,200 SF; Built in 2007
