Four-Bedroom Duplex
For Sale
$335,000
1427 Cherrycrest Dr, Durham, NC 27704
Two-unit residential property with flexible living areas, updated kitchen features, and access to shopping, dining, and commuter routes.
Property Size2,166 SF
Price / SF$154.66
Days on Market70
Property Features for 1427 Cherrycrest Dr
General Information
Standard status
Active
Size
2,166 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
RE/MAX One Hundred
Listed By:
Kevin Fairfax · License #263060
(919) 864-2455
Source:
Livelovechapelhilldurham
Added: Aug 7
Changed: Oct 3
Last Checked: Oct 7 at 5:45PM
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 RE/MAX One Hundred
Investment Insights
Based on property information with market context.
This duplex property at 1427 Cherrycrest Dr includes 2,166 square feet of residential space, four bedrooms, and three bathrooms. Built in 1984, the home offers a layout with separate areas for living, sleeping, and daily household use, along with a modern kitchen and abundant natural light.
The property is in Durham, NC 27704, near shopping and dining options and major commuter routes. Its bedroom and bathroom count, combined with the duplex configuration, supports both owner occupancy and rental use as described in the property information.
The property is in Durham, NC 27704, near shopping and dining options and major commuter routes. Its bedroom and bathroom count, combined with the duplex configuration, supports both owner occupancy and rental use as described in the property information.
Key Highlights
- Duplex property with 2,166 square feet of residential space
- Four bedrooms and three bathrooms
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,599
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,980
$372.0K
Cap Rate 7%
$265,700
$265.7K
Cap Rate 9%
$206,656
$206.7K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$29.9K $13.80/SF
− Vacancy
−$3.3K −$1.53/SF
EGI
$26.6K $12.27/SF
− OpEx
−$8.0K −$3.68/SF
NOI
$18.6K $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%
$371,980
Cap Rate 7%
$265,700
Cap Rate 9%
$206,656
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 27704, NC
39,532
Population
16,824
Households
2.3
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
41.4 sq mi
ZIP Area
955
Density / Sq Mi
$62,435
Median Household Income
$36,955
Median Earnings
$1,306
Median Rent
$270,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with flexible living areas, updated kitchen features, and access to shopping, dining, and commuter routes.
Where is this duplex located?
The property is located at 1427 Cherrycrest Dr 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: Duplex property with 2,166 square feet of residential space; Four bedrooms and three bathrooms; Built in 1984
