End-Unit Townhome
For Sale
$1,199,800
2940 Chapel Hill Road C+d, Durham, NC 27707
Newly built Durham multifamily community with porch-equipped homes, flexible laundry areas, and upgraded kitchen finishes.
Property Size4,624 SF
Price / SF$259.47
Days on Market78
Property Features for 2940 Chapel Hill Road C+d
General Information
Standard status
Active
Size
4,624 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Compass -- Chapel Hill - Durham
Listed By:
Roy Ellis
(919) 999-8482
Source:
Bonniestrowd
Added: Jul 21
Changed: Sep 14
Last Checked: Oct 5 at 10:19PM
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 Compass -- Chapel Hill - Durham
Investment Insights
Based on property information with market context.
Valley Heights is a newly built multifamily community comprising eight duet-style townhomes at 2940 Chapel Hill Road in Durham. Each residence is an end unit with Pella windows, a front porch, and an open-concept interior centered on a kitchen with a waterfall quartz island and Bosch appliances. Four bedrooms are each served by a full bath, while laundry facilities are provided on both the upper and lower levels.
The community is positioned between Hope Valley and Downtown Durham, with Duke University and Downtown Durham described as minutes away. Eastcut, Guglhupf, and Foster's Market are also identified nearby. Interior selections differ by unit, and the homes may be acquired together or individually. The 2026-built community is represented by a model home, with finishes varying among residences.
The community is positioned between Hope Valley and Downtown Durham, with Duke University and Downtown Durham described as minutes away. Eastcut, Guglhupf, and Foster's Market are also identified nearby. Interior selections differ by unit, and the homes may be acquired together or individually. The 2026-built community is represented by a model home, with finishes varying among residences.
Key Highlights
- Eight duet‑style townhomes in the Valley Heights community
- Every residence is an end unit with Pella windows and a front porch
- Four bedrooms, each with access to a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,763
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,260
$695.3K
Cap Rate 7%
$496,614
$496.6K
Cap Rate 9%
$386,256
$386.3K
Market Conditions
NOI Build-Up for 4,624 SF
Gross rent
$71.6K $15.48/SF
− Vacancy
−$8.4K −$1.81/SF
EGI
$63.2K $13.67/SF
− OpEx
−$28.4K −$6.15/SF
NOI
$34.8K $7.52/SF
Area
Durham, NC
Vacancy
11.70%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,260
Cap Rate 7%
$496,614
Cap Rate 9%
$386,256
Alternative Uses
Best Use
Apartment 5plus
$496.6K
$434.5K – $579.4K
NOI $34,763 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,520 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 27707, NC
49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
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?
Multifamily property - Newly built Durham multifamily community with porch-equipped homes, flexible laundry areas, and upgraded kitchen finishes.
Where is this multifamily property located?
The property is located at 2940 Chapel Hill Road C+d Durham, NC.
What is the asking price?
The asking price for this property is $1,199,800.
What are key features of this property?
This property features: Eight duet‑style townhomes in the Valley Heights community; Every residence is an end unit with Pella windows and a front porch; Four bedrooms, each with access to a full bath
