Duplex with Hardwood
New
For Sale
$365,000
2503 Englewood Avenue, Durham, NC 27705
Residential Income, Durham, NC
Property Size1,290 SF
Lot Size0.17 Acres
Price / SF$282.95
Days on Market2
Property Features for 2503 Englewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
On Street
Window features
Blinds
Interior features
Bathtub/Shower Combination, Ceiling Fan(s)
Exterior features
Rain Gutters
Appliances
Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer
Subdivision
Not in a Subdivision
Standard status
Active
APN
0812-94-7605
Size
1,290 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Hester Heights/Blk:03/Lt# 11 Watts Hosp-Hillandale Pl:00005A-000050
Tax Annual Amount
4683
Legal Description
Hester Heights/Blk:03/Lt# 11 Watts Hosp-Hillandale Pl:00005A-000050
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Gas (Cooling), Central Air
Water source
Public
Amenities
central HVAC
washer/dryer
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Added: Oct 15
Last Checked: Oct 16 at 3:06AM
MLS# 10198434
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.
Built in 1950, this Durham duplex contains 1,290 square feet on a 0.17-acre lot. Both residences have hardwood flooring, central HVAC, and their own washer and dryer. Tenants cover utilities. Gas packs for both units were replaced in 2023, and Unit A received new windows in 2024.
The property is a few minutes from Duke University campuses and a short walk from shops and restaurants on 9th Street and Broad Street. Public water and sewer serve the property; parking is on street.
The property is a few minutes from Duke University campuses and a short walk from shops and restaurants on 9th Street and Broad Street. Public water and sewer serve the property; parking is on street.
Key Highlights
- Two‑unit duplex with 1,290 square feet on a 0.17‑acre lot
- Both units have hardwood floors, central HVAC, and individual washers and dryers
- Gas packs for both residences replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,077
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,540
$221.5K
Cap Rate 7%
$158,243
$158.2K
Cap Rate 9%
$123,078
$123.1K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$17.8K $13.80/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$15.8K $12.27/SF
− OpEx
−$4.7K −$3.68/SF
NOI
$11.1K $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%
$221,540
Cap Rate 7%
$158,243
Cap Rate 9%
$123,078
Alternative Uses
Best Use
Multifamily LT 5
$158.2K
$138.5K – $184.6K
NOI $11,077 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$138.5K
$121.2K – $161.6K
NOI $9,698 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$416.6K
$364.5K – $486.0K
NOI $29,159 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry and central HVAC serve both residences, and tenants pay their own utilities.
Where is this duplex located?
The property is located at 2503 Englewood Avenue Durham, NC.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,290 square feet on a 0.17‑acre lot; Both units have hardwood floors, central HVAC, and individual washers and dryers; Gas packs for both residences replaced in 2023
