Duplex with Updated
For Sale
$449,500
320 Clark Street, Durham, NC 27701
Two separate residences offer spacious family rooms and updated bathrooms.
Property Size1,742 SF
Price / SF$258.04
Days on Market123
Property Features for 320 Clark Street
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Duplex
Site & Location
Neighborhood
Duke Park
Additional Details
Average Monthly Rent
$1,450
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,742 SF
Year Built
1946
Construction
bungalow
Listing Agency:
Compass
Listed By:
Terra Nova Global Properties
(919) 929-2005
Source:
Terranovaglobal
Added: Jul 2
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,742-square-foot duplex was built in 1946 and has a bungalow-style design. Both residences feature spacious family rooms, original hardwood flooring across much of the interiors, and updated bathrooms with tile floors. The kitchens have a galley layout, original wood cabinetry, granite counters, LVP flooring, and stainless steel appliances; all appliances are included in the sale.
The property is in Durham’s Duke Park area, with convenient access to Downtown Durham and Duke East Campus.
The property is in Durham’s Duke Park area, with convenient access to Downtown Durham and Duke East Campus.
Key Highlights
- Two‑unit duplex with 1,742 square feet
- Built in 1946 with bungalow‑style architecture
- Original hardwood floors extend through most of each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,958
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,160
$299.2K
Cap Rate 7%
$213,686
$213.7K
Cap Rate 9%
$166,200
$166.2K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$24.0K $13.80/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$21.4K $12.27/SF
− OpEx
−$6.4K −$3.68/SF
NOI
$15.0K $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%
$299,160
Cap Rate 7%
$213,686
Cap Rate 9%
$166,200
Alternative Uses
Best Use
Multifamily LT 5
$213.7K
$187.0K – $249.3K
NOI $14,958 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,096 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$562.5K
$492.2K – $656.3K
NOI $39,376 @ 7.0% cap · market cap 8.76%
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
403
Businesses Nearby
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Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer spacious family rooms and updated bathrooms.
Where is this duplex located?
The property is located at 320 Clark Street Durham, NC.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,742 square feet; Built in 1946 with bungalow‑style architecture; Original hardwood floors extend through most of each residence
