Duplex with
For Sale
$315,000
313 N Hyde Park Avenue, Durham, NC 27703
MULTI_FAMILY - Durham, NC
Property Size2,040 SF
Lot Size0.22 Acres
Price / SF$154.41
Days on Market106
Property Features for 313 N Hyde Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway
Subdivision
Not in a Subdivision
Elementary school
Durham - Eastway Elementary
Middle school
Durham - Durham School of the Arts
Standard status
Active
APN
111598
Size
2,040 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Cheek T E/Blk:A/Lt#7 2-73 East Durham/Hd Pl:00005B-000124
Tax Annual Amount
3002
Legal Description
Prop-Cheek T E/Blk:A/Lt#7 2-73 East Durham/Hd Pl:00005B-000124
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Flooring type
Wood, Carpet, Vinyl
Building materials
Block, Brick, Concrete, Glass, Vinyl Siding
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Vicente Jose De La P Barrios Hernandez
(919) 521-3014
Added: Apr 26
Changed: Aug 1
Last Checked: Aug 9 at 6:06PM
MLS# 10162871
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 duplex at 313 N Hyde Park Avenue offers a practical layout with four bedrooms and two bathrooms across the building. The property includes approximately 2,040 square feet on a 0.22-acre lot, and it was built in 1920. Construction materials include block, brick, concrete, glass, and vinyl siding.
The duplex is set up with public utilities including public water and public sewer. Heating is provided by a heat pump system, and cooling includes wall/window unit(s), window unit(s), and central air. Flooring options include wood, carpet, and vinyl. Parking is available via a driveway, with a shingle roof completing the exterior improvements.
Zoned R-3, this property can be of interest for a variety of duplex-oriented ownership and occupancy plans that fit within the R-3 land-use framework.
The duplex is set up with public utilities including public water and public sewer. Heating is provided by a heat pump system, and cooling includes wall/window unit(s), window unit(s), and central air. Flooring options include wood, carpet, and vinyl. Parking is available via a driveway, with a shingle roof completing the exterior improvements.
Zoned R-3, this property can be of interest for a variety of duplex-oriented ownership and occupancy plans that fit within the R-3 land-use framework.
Key Highlights
- Duplex with four bedrooms and two bathrooms
- 2,040 square feet on a 0.22‑acre lot
- Zoned R‑3
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
$17,517
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
5.56%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex zoned R-3 with driveway parking, built in 1920, served by public water and public sewer.
Where is this duplex located?
The property is located at 313 N Hyde Park Avenue 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: Duplex with four bedrooms and two bathrooms; 2,040 square feet on a 0.22‑acre lot; Zoned R‑3
