4-Unit Residential Income
New
For Sale
$490,000
1512 N Hyde Park Avenue, Durham, NC 27701
Residential, Durham, NC
Property Size2,440 SF
Lot Size0.16 Acres
Price / SF$200.82
Days on Market2
Property Features for 1512 N Hyde Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-12
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 8
Subdivision
Not in a Subdivision
Elementary school
Durham - Burton Elementary
Middle school
Durham - Rogers Herr Middle
High school
Durham - Northern High
Standard status
Active
APN
113204
Size
2,440 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Prop-Morgan Thomas Land/L T#05 Pl:00005A-000025
Tax Annual Amount
3576
Legal Description
Prop-Morgan Thomas Land/L T#05 Pl:00005A-000025
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Carpet, Vinyl, Tile
Building materials
Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
DASH Carolina
(984) 205-2279
Listed By:
Favio Ruiz
(704) 281-8526
Added: Oct 16
Last Checked: Oct 17 at 1:06AM
MLS# 10198731
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,440 square feet across four separate residences, with eight bedrooms and four full bathrooms. Interior finishes include carpet, vinyl, and tile; each unit is equipped with an electric range and refrigerator. The building dates to 1952 and has concrete construction, a shingle roof, wall-furnace heating, and window-unit cooling.
The 0.16-acre property is served by public water and public sewer. Dedicated off-street parking is available for residents, and the site is zoned RM-12. An adjacent lot is offered separately; any development there would be subject to zoning, permitting, and local requirements.
The 0.16-acre property is served by public water and public sewer. Dedicated off-street parking is available for residents, and the site is zoned RM-12. An adjacent lot is offered separately; any development there would be subject to zoning, permitting, and local requirements.
Key Highlights
- Four units with 8 bedrooms and 4 full bathrooms
- 2,440 square feet on a 0.16‑acre parcel
- RM‑12 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,952
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,040
$419.0K
Cap Rate 7%
$299,314
$299.3K
Cap Rate 9%
$232,800
$232.8K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$33.7K $13.80/SF
− Vacancy
−$3.7K −$1.53/SF
EGI
$29.9K $12.27/SF
− OpEx
−$9.0K −$3.68/SF
NOI
$21.0K $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%
$419,040
Cap Rate 7%
$299,314
Cap Rate 9%
$232,800
Alternative Uses
Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,952 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$262.1K
$229.3K – $305.7K
NOI $18,344 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$787.9K
$689.4K – $919.2K
NOI $55,153 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences provide a combined eight bedrooms and four full bathrooms.
Where is this quadplex located?
The property is located at 1512 N Hyde Park Avenue Durham, NC.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Four units with 8 bedrooms and 4 full bathrooms; 2,440 square feet on a 0.16‑acre parcel; RM‑12 zoning
