Three-Unit Residential
For Sale
$1,100,000
214 N Guthrie Ave #A B C, Durham, NC 27703
A front duplex and rear accessory dwelling unit provide a mix of three- and one-bedroom layouts.
Property Size3,975 SF
Price / SF$276.73
Days on Market8
Property Features for 214 N Guthrie Ave #A B C
General Information
Standard status
Active
Size
3,975 SF
Property subtype
Multi-Family
Building Details
Year Built
2022
Listed By:
Carolina Collective Realty
(919) 782-4503
Source:
Carolinacollectiverealty
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 4 at 9:27AM
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 Carolina Collective Realty
Investment Insights
Based on property information with market context.
Built in 2022, this residential income property comprises a front duplex and a separate rear accessory dwelling unit. The duplex units each have three bedrooms and 2.5 bathrooms, while the rear unit offers one bedroom and 1.5 bathrooms. The property contains 3,975 square feet in total.
The property is in Durham, with Duke University a nine-minute drive away and North Carolina Central University five minutes away. Research Triangle Park is 11 minutes away, and Raleigh-Durham Airport is 15 minutes away.
The property is in Durham, with Duke University a nine-minute drive away and North Carolina Central University five minutes away. Research Triangle Park is 11 minutes away, and Raleigh-Durham Airport is 15 minutes away.
Key Highlights
- Three‑unit configuration: front duplex plus a rear accessory dwelling unit
- Each duplex unit has 3 bedrooms and 2.5 bathrooms
- Rear ADU includes 1 bedroom and 1.5 bathrooms
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
$34,132
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
3.10%
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%
$682,640
$682.6K
Cap Rate 7%
$487,600
$487.6K
Cap Rate 9%
$379,244
$379.2K
Market Conditions
NOI Build-Up for 3,975 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
$54.9K $13.80/SF
− Vacancy
−$6.1K −$1.53/SF
EGI
$48.8K $12.27/SF
− OpEx
−$14.6K −$3.68/SF
NOI
$34.1K $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%
$682,640
Cap Rate 7%
$487,600
Cap Rate 9%
$379,244
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.7K – $568.9K
NOI $34,132 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,884 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,850 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
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?
Triplex - A front duplex and rear accessory dwelling unit provide a mix of three- and one-bedroom layouts.
Where is this triplex located?
The property is located at 214 N Guthrie Ave #A B C Durham, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑unit configuration: front duplex plus a rear accessory dwelling unit; Each duplex unit has 3 bedrooms and 2.5 bathrooms; Rear ADU includes 1 bedroom and 1.5 bathrooms
