Duplex with One Vacant
For Sale
$175,000
Pending
2005 Taylor Street, Durham, NC 27703
MULTI_FAMILY - Durham, NC
Property Size1,110 SF
Lot Size0.19 Acres
Days on Market74
Property Features for 2005 Taylor Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway
Subdivision
Not in a Subdivision
Standard status
Pending
APN
112812
Size
1,110 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
The Driver Land/Prop-Ston E E C/Lt#03 Pl:000018-000082
Tax Annual Amount
1953
Legal Description
The Driver Land/Prop-Ston E E C/Lt#03 Pl:000018-000082
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Added: May 28
Changed: Aug 4
Last Checked: Aug 9 at 5:06PM
MLS# 10170230
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.
Duplex at 2005 Taylor Street, Durham, NC 27703 with two one-bedroom units, each on its own side. One unit is occupied while the second unit is vacant and ready for renovation and lease-up. The property is offered as-is.
Built in 1949, the duplex features block and stucco construction with shingle roofing. Interior finishes include carpet and vinyl flooring. Heating is provided by baseboard units, and cooling is via window unit(s). Parking is available with a driveway.
The property sits on a 0.19-acre lot and is served by public water and public sewer. It totals 1,110 square feet.
Built in 1949, the duplex features block and stucco construction with shingle roofing. Interior finishes include carpet and vinyl flooring. Heating is provided by baseboard units, and cooling is via window unit(s). Parking is available with a driveway.
The property sits on a 0.19-acre lot and is served by public water and public sewer. It totals 1,110 square feet.
Key Highlights
- Two one‑bedroom units with one occupied and one vacant for renovation
- 0.19‑acre lot
- 1,110 SF total building size
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
Lease Details
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two one-bedroom units on a 0.19-acre lot, featuring public water and sewer and driveway parking.
Where is this duplex located?
The property is located at 2005 Taylor Street 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: Two one‑bedroom units with one occupied and one vacant for renovation; 0.19‑acre lot; 1,110 SF total building size
