Three-Unit Triplex with
For Sale
$1,100,000
214 N Guthrie Avenue A B C, Durham, NC 27703
Two larger residences are paired with a smaller rear dwelling.
Property Size3,975 SF
Price / SF$276.73
Days on Market34
Property Features for 214 N Guthrie Avenue A B C
General Information
Standard status
Active
Size
3,975 SF
Property subtype
Triplex
Site & Location
Neighborhood
Old East Durham
Units
Unit Mix
2 x 3 beds/2.5 baths, 1 x 1 bed/1.5 baths
Multifamily Units
3
Building Details
Building Size
3,975 SF
Year Built
2022
Listing Agency:
Compass
Listed By:
Hendren Realty Group
(919) 946-2766
Source:
Hendrenrealtygroup
Added: Sep 27
Changed: Oct 29
Last Checked: Oct 26 at 3:23PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2022, this 3,975-square-foot residential property contains three dwellings. The front duplex consists of two residences, each with three bedrooms and 2.5 bathrooms. A separate accessory dwelling at the rear has one bedroom and 1.5 bathrooms.
Durham’s Duke University is nine minutes away, North Carolina Central University is five minutes away, Research Triangle Park is eleven minutes away, and Raleigh-Durham Airport is fifteen minutes away.
Durham’s Duke University is nine minutes away, North Carolina Central University is five minutes away, Research Triangle Park is eleven minutes away, and Raleigh-Durham Airport is fifteen minutes away.
Key Highlights
- 3,975‑square‑foot property completed in 2022
- Front duplex includes two residences with 3 bedrooms and 2.5 bathrooms each
- Rear accessory dwelling has 1 bedroom and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,132
Cap Rate
3.10%
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 3.10%
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.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
365
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
Frequently Asked Questions
What type of property is this?
Triplex - Two larger residences are paired with a smaller rear dwelling.
Where is this triplex located?
The property is located at 214 N Guthrie Avenue 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: 3,975‑square‑foot property completed in 2022; Front duplex includes two residences with 3 bedrooms and 2.5 bathrooms each; Rear accessory dwelling has 1 bedroom and 1.5 bathrooms
