Triplex with Rear Accessory Dwelling
New
For Sale
$1,100,000
214 N Guthrie Avenue, Durham, NC 27703
Residential Income, Durham, NC
Property Size3,975 SF
Lot Size0.25 Acres
Price / SF$276.73
Days on Market3
Property Features for 214 N Guthrie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-3
Bedrooms
7
Bathrooms
7
Full bathrooms
5
Half bathrooms
3
Rooms
Dining Room, Bathroom 7, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 5, Laundry Room, Bathroom 6, Bedroom 1, Bathroom 8
Parking
5
Parking features
Off Street, Assigned, Open
Patio and Porch features
Porch
Interior features
Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Primary Downstairs, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower
Exterior features
Balcony
Appliances
Dishwasher, Disposal, Free-Standing Range, Microwave, Plumbed For Ice Maker, Range, Refrigerator, Washer/Dryer, Washer/Dryer Stacked, Water Heater
Subdivision
Not in a Subdivision
Lot features
Back Yard, City Lot, Few Trees, Front Yard, Hardwood Trees
Elementary school
Durham County Schools
Middle school
Durham County Schools
High school
Durham County Schools
Standard status
Active
APN
112502
Size
3,975 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
The Driver Land/Blk:J/Lt# 08 Lt#07 Sm Pt Pl:00005A-000059
Tax Annual Amount
9560
Legal Description
The Driver Land/Blk:J/Lt# 08 Lt#07 Sm Pt Pl:00005A-000059
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Number of units
3
Flooring type
Carpet, Vinyl, Tile
Building materials
Fiber Cement, Stone
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Raleigh Realty Inc.
(919) 249-8536
Listed By:
Hope Tyler · License #254912
(919) 332-5447
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
MLS# 10195190
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.
This 2022-built triplex contains 3,975 square feet across a front duplex and a rear accessory dwelling unit. Each side of the duplex has three bedrooms and 2.5 baths; the rear ADU provides one bedroom and 1.5 baths. Interior features include open-plan living and dining areas, kitchen islands, granite counters, and walk-in closets. A balcony and porch add outdoor space, and off-street assigned parking is available. The property has forced-air heating, central air, and heat-pump cooling, with public water and sewer.
Key Highlights
- 3,975‑square‑foot triplex built in 2022
- Front duplex has two residences, each with 3 beds and 2.5 baths
- Rear ADU includes 1 bed and 1.5 baths
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
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Open Analytics
Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three separate residences include two duplex units and a detached rear dwelling.
Where is this triplex located?
The property is located at 214 N Guthrie Avenue 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: 3,975‑square‑foot triplex built in 2022; Front duplex has two residences, each with 3 beds and 2.5 baths; Rear ADU includes 1 bed and 1.5 baths
