Two-Unit Duplex with Vacant
For Sale
$175,000
Pending
2005 Taylor St, Durham, NC 27703
Both units offer one-bedroom layouts, with one currently occupied and the other available for renovation and leasing.
Property Size1,110 SF
Days on Market96
Property Features for 2005 Taylor St
General Information
Standard status
Pending
Size
1,110 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,952
Listing Agency:
Deaton Investment Real Estate
(919) 412-3913
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Source:
Exprealty
Added: May 28
Changed: Aug 30
Last Checked: Aug 30 at 12:58PM
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 Deaton Investment Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1110 square feet and is configured with one 1-bedroom unit on each side. One unit is occupied, while the second is vacant and positioned for renovation before a new lease. The property is being offered as is.
Located in Durham, North Carolina, the duplex provides a compact residential income configuration with an existing occupant and a separate unoccupied unit. Its layout allows the two sides to be managed as distinct residences, subject to applicable requirements and approvals.
Located in Durham, North Carolina, the duplex provides a compact residential income configuration with an existing occupant and a separate unoccupied unit. Its layout allows the two sides to be managed as distinct residences, subject to applicable requirements and approvals.
Key Highlights
- 1110‑square‑foot duplex with two separate units
- One 1‑bedroom unit on each side
- One unit is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$190,620
$190.6K
Cap Rate 7%
$136,157
$136.2K
Cap Rate 9%
$105,900
$105.9K
Market Conditions
NOI Build-Up for 1,110 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.3K $13.80/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$13.6K $12.27/SF
− OpEx
−$4.1K −$3.68/SF
NOI
$9.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$190,620
Cap Rate 7%
$136,157
Cap Rate 9%
$105,900
Alternative Uses
Best Use
Multifamily LT 5
$136.2K
$119.1K – $158.9K
NOI $9,531 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$119.2K
$104.3K – $139.1K
NOI $8,345 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$358.4K
$313.6K – $418.2K
NOI $25,090 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units offer one-bedroom layouts, with one currently occupied and the other available for renovation and leasing.
Where is this duplex located?
The property is located at 2005 Taylor St Durham, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1110‑square‑foot duplex with two separate units; One 1‑bedroom unit on each side; One unit is currently occupied
