Duplex with Renovated
New
For Sale
$559,500
17 Alamo Court, Durham, NC 27705
Residential, Durham, NC
Property Size2,600 SF
Lot Size0.41 Acres
Price / SF$215.19
Days on Market5
Property Features for 17 Alamo Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 4, Basement, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 6
Basement
Crawl Space
Subdivision
American Village
Elementary school
Durham County Schools
Middle school
Durham County Schools
High school
Durham County Schools
Standard status
Active
APN
175048
Size
2,600 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
American Village/Sec:08-A /Blk:A/Lt#09 Pl:000099-000009
Tax Annual Amount
4611
Legal Description
American Village/Sec:08-A /Blk:A/Lt#09 Pl:000099-000009
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fireplace
stainless steel appliances
washer/dryer closet
deck
Building Details
Year built
1984
Floors in Building
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Fathom Realty NC
(888) 455-6040
Listed By:
Joshua Norman · License #286641
(919) 538-0401
Added: Oct 27
Last Checked: Oct 31 at 12:06PM
MLS# 10200492
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 duplex contains 2,600 square feet across two residences, each with three bedrooms and two bathrooms. One unit has been renovated and includes a living room with a fireplace, a separate dining room, and a kitchen with stainless steel appliances. Its layout also includes a bedroom and full bathroom on the main level, with two bedrooms and another full bathroom upstairs. A deck and laundry closet are additional features of this residence.
The property occupies 0.41 acres in Durham and is zoned R-3. Built in 1984, it has vinyl siding, central heating and air conditioning, public water, and public sewer.
The property occupies 0.41 acres in Durham and is zoned R-3. Built in 1984, it has vinyl siding, central heating and air conditioning, public water, and public sewer.
Key Highlights
- 2,600‑square‑foot duplex with two three‑bedroom, two‑bathroom residences
- One unit has been renovated
- 0.41‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,326
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,520
$446.5K
Cap Rate 7%
$318,943
$318.9K
Cap Rate 9%
$248,067
$248.1K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$35.9K $13.80/SF
− Vacancy
−$4.0K −$1.53/SF
EGI
$31.9K $12.27/SF
− OpEx
−$9.6K −$3.68/SF
NOI
$22.3K $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%
$446,520
Cap Rate 7%
$318,943
Cap Rate 9%
$248,067
Alternative Uses
Best Use
Multifamily LT 5
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.8K
NOI $19,546 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$839.6K
$734.6K – $979.5K
NOI $58,770 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence features a fireplace, a deck, and a dedicated laundry closet.
Where is this duplex located?
The property is located at 17 Alamo Court Durham, NC.
What is the asking price?
The asking price for this property is $559,500.
What are key features of this property?
This property features: 2,600‑square‑foot duplex with two three‑bedroom, two‑bathroom residences; One unit has been renovated; 0.41‑acre lot
