Brick
For Sale
$289,000
425 Green Street, Durham, NC 27701
Built in 1961, the property is a brick duplex near Duke East Campus and downtown Durham.
Property Size1,675 SF
Price / SF$172.54
Days on Market18
Property Features for 425 Green Street
General Information
Standard status
Active
Size
1,675 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Duke Park
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,935
Amenities
Ceiling Fan(s)
Bathtub/Shower Combination
Storage
Rain Gutters
Building Details
Building Size
1,675 SF
Year Built
1961
Stories
1
Construction
brick
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Source:
Dwellraleigh
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 29 at 6:49PM
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 Frasher Whaley Realty Group
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Investment Insights
Based on property information with market context.
This 1961 brick duplex contains 1,675 square feet and is described as having 2 bedrooms and 1 bathroom. The available information does not specify whether that bedroom and bathroom count applies to each unit or the full property.
The property is six blocks from Duke East Campus and one mile from downtown Durham, where restaurants, shopping, and entertainment are located.
The property is six blocks from Duke East Campus and one mile from downtown Durham, where restaurants, shopping, and entertainment are located.
Key Highlights
- 1,675‑square‑foot brick duplex
- 2 bedrooms and 1 bathroom; configuration of the count is unspecified
- 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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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
528
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 - Built in 1961, the property is a brick duplex 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‑foot brick duplex; 2 bedrooms and 1 bathroom; configuration of the count is unspecified; Built in 1961
