Tenant-Occupied
314 Price Avenue, Durham, NC 27707
For Sale
$320,000
Residential Income, Durham, NC
Property Size1,402 SF
Lot Size0.17 Acres
Price / SF$228.25
Days on Market109
Property Features for 314 Price Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Northside Realty Inc.
(919) 784-0101
Listed By:
Stephanie Anson
(919) 335-3048
Added: Jul 24
Changed: Oct 23
Last Checked: Nov 9 at 7:06AM
MLS# 10182539
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.
This 1,402-square-foot duplex was built in 1935 and includes two bedrooms, two bathrooms, a basement, and off-street parking. Interior finishes include tile and hardwood flooring, with central air and ductless electric heating. The exterior has aluminum siding and a metal roof.
The property occupies 0.17 acres and is served by public water and public sewer. It is zoned R-5 and is currently tenant occupied. The address places the property near North Carolina Central University, Duke University, and Downtown Durham. Showings require advance notice, and occupants should not be disturbed.
The property occupies 0.17 acres and is served by public water and public sewer. It is zoned R-5 and is currently tenant occupied. The address places the property near North Carolina Central University, Duke University, and Downtown Durham. Showings require advance notice, and occupants should not be disturbed.
Key Highlights
- 1,402‑square‑foot duplex on a 0.17‑acre lot
- Two bedrooms, two bathrooms, and a basement
- Currently tenant occupied
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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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
$371,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Durham, NC
Properties on Market for Duplexes in Durham
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath property with off-street parking and separate living spaces.
Where is this duplex located?
The property is located at 314 Price Avenue 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 on a 0.17‑acre lot; Two bedrooms, two bathrooms, and a basement; Currently tenant occupied
