4-Bedroom Duplex Income
1421 Cherrycrest Drive Durham, NC 27704
1421 Cherrycrest Drive, Durham, NC, 27704
$335,000
For Sale
$335,000
MULTI_FAMILY - Durham, NC
Property Size2,166 SF
Lot Size0.24 Acres
Price / SF$154.66
Days on Market13
Property Features for 1421 Cherrycrest Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RU-5(2)
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 3
- Parking features
- Driveway, On Street
- Standard status
- Active
- APN
- 127134
- Size
- 2,166 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Village Green North/Sht:0 2/Sec:02/Blk:2/Lt#43 Pl:000104-00144A
- Tax Annual Amount
- 3527
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
RE/MAX One Hundred
(919) 296-1002
4214 Fayetteville Rd, Durham, NC
Listed by
Kevin Fairfax · License #263060
(919) 235-5216
Added: Jul 6 Checked: Jul 18 at 8:06 pm
MLS# 10178490
Listing URL
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.
Welcome to 1421 Cherrycrest Drive, a duplex offering four bedrooms and three bathrooms with a flexible layout designed to support multi-family living or rental income. The home includes generous living areas and a functional floor plan with privacy between living spaces.
The property is located in Durham, North Carolina (27704). Public remarks note convenience to shopping, dining, and major commuter routes.
With 2,166 square feet of building area on a 0.24-acre lot, this duplex provides a solid foundation for buyers looking for a residential income property where improvements may help enhance value.
The property is located in Durham, North Carolina (27704). Public remarks note convenience to shopping, dining, and major commuter routes.
With 2,166 square feet of building area on a 0.24-acre lot, this duplex provides a solid foundation for buyers looking for a residential income property where improvements may help enhance value.
Key Highlights
- Spacious 4‑bedroom, 3‑bathroom duplex with flexible room layout
- Central air conditioning plus electric heating and heat pump
- Vinyl siding exterior with shingle roof
Local 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 | $29.9k | $13.80 |
| − Vacancy | −$3.3k | −$1.53 |
| EGI | $26.6k | $12.27 |
| − OpEx | −$8.0k | −$3.68 |
| NOI | $18.6k | $8.59 |
2,166 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $310.0K
NOI $18,599 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$232.6K
$203.6K – $271.4K
NOI $16,284 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex features four bedrooms and three bathrooms with a flexible layout for rental income.
Where is this duplex located?
The property is located at 1421 Cherrycrest Drive Durham, NC.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Spacious 4‑bedroom, 3‑bathroom duplex with flexible room layout; Central air conditioning plus electric heating and heat pump; Vinyl siding exterior with shingle roof
