Triplex with Rear Accessory Dwelling
214 N Guthrie Avenue, Durham, NC 27703
For Sale
$1,075,000
Residential Income, Durham, NC
Property Size3,975 SF
Lot Size0.25 Acres
Price / SF$270.44
Days on Market51
Property Features for 214 N Guthrie Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
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Building Details
Year built
Floors in Building
Number of units
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Building materials
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Additional Structures
Buildings
Listing Agency:
Raleigh Realty Inc.
(919) 249-8536
Listed By:
Hope Tyler · License NC #254912
(919) 332-5447
Added: Sep 25
Changed: Nov 2
Last Checked: Nov 14 at 12:06AM
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.
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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 / Yr
$34,132
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
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
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 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 3.18%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,884 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,850 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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 $1,075,000.
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
