Tenant-Occupied
For Sale
$320,000
314 Price Ave, Durham, NC 27707
Two-unit home positioned near NCCU, Duke, and Downtown Durham.
Property Size1,402 SF
Price / SF$228.25
Days on Market65
Property Features for 314 Price Ave
General Information
Standard status
Active
Size
1,402 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
Northside Realty Inc.
Listed By:
Stephanie Anson · License #270558
(407) 252-8240
Source:
Bonniestrowd
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 4 at 1:33PM
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 Northside Realty Inc.
Investment Insights
Based on property information with market context.
This 1,402-square-foot duplex is currently tenant occupied and offers a two-unit residential configuration. The property is located near North Carolina Central University, Duke University, and Downtown Durham, placing it within reach of established academic and civic destinations.
The home may suit buyers seeking an occupied duplex property, subject to access and showing requirements. Prior notice is required for showings, and occupants should not be disturbed.
The home may suit buyers seeking an occupied duplex property, subject to access and showing requirements. Prior notice is required for showings, and occupants should not be disturbed.
Key Highlights
- 1,402‑square‑foot duplex
- Currently tenant occupied
- Near North Carolina Central University, Duke University, and Downtown Durham
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,039
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,780
$240.8K
Cap Rate 7%
$171,986
$172.0K
Cap Rate 9%
$133,767
$133.8K
Market Conditions
NOI Build-Up for 1,402 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$17.2K $12.27/SF
− OpEx
−$5.2K −$3.68/SF
NOI
$12.0K $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%
$240,780
Cap Rate 7%
$171,986
Cap Rate 9%
$133,767
Alternative Uses
Best Use
Multifamily LT 5
$172.0K
$150.5K – $200.7K
NOI $12,039 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$150.6K
$131.8K – $175.7K
NOI $10,540 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$452.7K
$396.1K – $528.2K
NOI $31,690 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 27707, NC
49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit home positioned near NCCU, Duke, and Downtown Durham.
Where is this duplex located?
The property is located at 314 Price Ave Durham, NC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,402‑square‑foot duplex; Currently tenant occupied; Near North Carolina Central University, Duke University, and Downtown Durham
