Four-Bedroom Duplex
For Sale
$335,000
1427 Cherrycrest Drive, Durham, NC 27704
Residential Income, Durham, NC
Property Size2,166 SF
Lot Size0.27 Acres
Price / SF$154.66
Days on Market102
Property Features for 1427 Cherrycrest Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RU-5(2)
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Subdivision
Village Green
Elementary school
Durham - Easley Elementary
Middle school
Durham - George L Carrington Middle
High school
Durham - Riverside High
Standard status
Active
APN
127136
Size
2,166 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Village Green North/Sht:0 2/Sec:02/Blk:2/Lt#45 Pl:000104-00144A
Tax Annual Amount
3566
Legal Description
Village Green North/Sht:0 2/Sec:02/Blk:2/Lt#45 Pl:000104-00144A
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, Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
RE/MAX One Hundred
(919) 296-1002
Listed By:
Kevin Fairfax · License #263060
(919) 235-5216
Added: Jul 6
Changed: Oct 8
Last Checked: Oct 15 at 4:06AM
MLS# 10178436
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.
This 2,166-square-foot duplex on a 0.27-acre lot was built in 1984 and has a four-bedroom layout. The interior includes laminate, vinyl, and carpet flooring, along with a kitchen and central air conditioning. Heating is provided by electric service and a heat pump. Exterior construction is vinyl siding, with a shingle roof.
The property is located at 1427 Cherrycrest Drive in Durham, North Carolina 27704. Public water and public sewer serve the site, and the property carries RU-5(2) zoning. The home’s residential configuration and separate duplex format provide a functional setup for residential occupancy or rental use.
The property is located at 1427 Cherrycrest Drive in Durham, North Carolina 27704. Public water and public sewer serve the site, and the property carries RU-5(2) zoning. The home’s residential configuration and separate duplex format provide a functional setup for residential occupancy or rental use.
Key Highlights
- Four‑bedroom duplex configuration
- 2,166 square feet on a 0.27‑acre lot
- Built in 1984 with vinyl siding and a shingle roof
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
Multi-tenant
Tenancy
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 - Vinyl-sided duplex with a central kitchen, mixed flooring, and public water and sewer service.
Where is this duplex located?
The property is located at 1427 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: Four‑bedroom duplex configuration; 2,166 square feet on a 0.27‑acre lot; Built in 1984 with vinyl siding and a shingle roof
