Two-Unit Residential
For Sale
$315,000
313 N Hyde Park Ave, Durham, NC 27703
Two-unit residential property located in downtown Durham.
Property Size2,040 SF
Price / SF$154.41
Days on Market73
Property Features for 313 N Hyde Park Ave
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
renovating the other
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
EXP Realty LLC
Listed By:
Vicente Jose De La P Barrios Hernandez
(888) 584-9431
Source:
Livelovechapelhilldurham
Added: Aug 4
Changed: Oct 3
Last Checked: Oct 7 at 2:28PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,040 square feet across a two-unit residential configuration. The property was constructed in 1920 and is located at 313 N Hyde Park Ave in Durham, North Carolina.
Its duplex format supports separate residential units within one property, offering a straightforward multifamily layout for residential ownership or investment use. The downtown Durham location adds an urban setting to the asset.
Its duplex format supports separate residential units within one property, offering a straightforward multifamily layout for residential ownership or investment use. The downtown Durham location adds an urban setting to the asset.
Key Highlights
- Two‑unit duplex configuration
- 2,040 square feet of property size
- Constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,517
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,340
$350.3K
Cap Rate 7%
$250,243
$250.2K
Cap Rate 9%
$194,633
$194.6K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$28.2K $13.80/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$25.0K $12.27/SF
− OpEx
−$7.5K −$3.68/SF
NOI
$17.5K $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%
$350,340
Cap Rate 7%
$250,243
Cap Rate 9%
$194,633
Alternative Uses
Best Use
Multifamily LT 5
$250.2K
$219.0K – $292.0K
NOI $17,517 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,336 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$658.7K
$576.4K – $768.5K
NOI $46,112 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
634
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property located in downtown Durham.
Where is this duplex located?
The property is located at 313 N Hyde Park Ave Durham, NC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,040 square feet of property size; Constructed in 1920
