Brick
New
For Sale
$289,000
425 Green Street, Durham, NC 27701
Residential Income, Durham, NC
Property Size1,675 SF
Lot Size0.14 Acres
Price / SF$172.54
Days on Market3
Property Features for 425 Green Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Porch
Interior features
Bathtub/Shower Combination, Ceiling Fan(s)
Exterior features
Rain Gutters
Basement
Interior Entry, Exterior Entry
Appliances
Electric Range, Refrigerator
Subdivision
Not in a Subdivision
Standard status
Active
APN
0832-02-0853
Size
1,675 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Glendale Addition/Blk:C/L T#42 & 43 Pl:00003B-000173
Tax Annual Amount
3936
Legal Description
Glendale Addition/Blk:C/L T#42 & 43 Pl:00003B-000173
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1961
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Brick Veneer
Roof type
Shingle
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Added: Oct 13
Last Checked: Oct 15 at 3:06AM
MLS# 10198046
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 brick veneer duplex was built in 1961 and contains 1,675 square feet. The property occupies a 0.14-acre lot and includes a porch, driveway parking, rain gutters, and public water and sewer service. Interior features include carpet and hardwood flooring, ceiling fans, and a bathtub/shower combination. The listed appliances are an electric range and refrigerator; heating is central natural gas, while cooling includes central air and window or wall units.
Duke East Campus is six blocks away, and downtown Durham is one mile from the property. Downtown offers restaurants, shopping, and entertainment.
Duke East Campus is six blocks away, and downtown Durham is one mile from the property. Downtown offers restaurants, shopping, and entertainment.
Key Highlights
- 1,675 square feet of building area
- 0.14‑acre lot
- Brick veneer construction; built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,383
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,660
$287.7K
Cap Rate 7%
$205,471
$205.5K
Cap Rate 9%
$159,811
$159.8K
Market Conditions
NOI Build-Up for 1,675 SF
Gross rent
$23.1K $13.80/SF
− Vacancy
−$2.6K −$1.53/SF
EGI
$20.5K $12.27/SF
− OpEx
−$6.2K −$3.68/SF
NOI
$14.4K $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%
$287,660
Cap Rate 7%
$205,471
Cap Rate 9%
$159,811
Alternative Uses
Best Use
Multifamily LT 5
$205.5K
$179.8K – $239.7K
NOI $14,383 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$179.9K
$157.4K – $209.9K
NOI $12,592 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$540.9K
$473.3K – $631.0K
NOI $37,861 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
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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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 - The property is near Duke East Campus and downtown Durham.
Where is this duplex located?
The property is located at 425 Green Street Durham, NC.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,675 square feet of building area; 0.14‑acre lot; Brick veneer construction; built in 1961
