Duplex with Two One-Bedroom
For Sale
$314,900
1507 Gunter St, Durham, NC 27707
Two residential units offer matching one-bedroom, one-bath layouts with granite counters and stainless steel appliances.
Property Size1,230 SF
Price / SF$256.02
Days on Market76
Property Features for 1507 Gunter St
General Information
Standard status
Active
Size
1,230 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1930
Listing Agency:
Northside Realty Inc.
Listed By:
Stephanie Anson · License #270558
(407) 252-8240
Source:
Tcrnc
Added: Aug 1
Changed: Oct 3
Last Checked: Oct 7 at 2:14PM
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 Northside Realty Inc.
Investment Insights
Based on property information with market context.
Located at 1507 Gunter St in Durham, this duplex contains two separate residential units, each arranged with one bedroom and one bathroom. Both sides include granite countertops and stainless steel appliances, providing consistent finishes across the property. The building was constructed in 1930.
The property is positioned minutes from downtown Durham, NCCU, Duke, RTP, and major highways. Its setting also provides access to shopping, dining, and entertainment in the surrounding Durham area.
The property is positioned minutes from downtown Durham, NCCU, Duke, RTP, and major highways. Its setting also provides access to shopping, dining, and entertainment in the surrounding Durham area.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side
- Granite countertops in both residential units
- Stainless steel appliances included in each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,562
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,240
$211.2K
Cap Rate 7%
$150,886
$150.9K
Cap Rate 9%
$117,356
$117.4K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$17.0K $13.80/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$15.1K $12.27/SF
− OpEx
−$4.5K −$3.68/SF
NOI
$10.6K $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%
$211,240
Cap Rate 7%
$150,886
Cap Rate 9%
$117,356
Alternative Uses
Best Use
Multifamily LT 5
$150.9K
$132.0K – $176.0K
NOI $10,562 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$132.1K
$115.6K – $154.1K
NOI $9,247 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$397.2K
$347.5K – $463.4K
NOI $27,803 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
477
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
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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 - Two residential units offer matching one-bedroom, one-bath layouts with granite counters and stainless steel appliances.
Where is this duplex located?
The property is located at 1507 Gunter St Durham, NC.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom on each side; Granite countertops in both residential units; Stainless steel appliances included in each side
