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    Durham Duplex Near Duke Title is generated by Realmo AI

    4310 American Drive, Durham, NC 27705

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    Pending
    $575,000

    MULTI_FAMILY - Durham, NC

    Property size:
    2,391 SF
    Lot size:
    0.45 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    52
    Last Refresh:
    May 9 at 2:06 pm

    Property Features for 4310 American Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 17, Bathroom 9, Bathroom 24, Bathroom 11, Bathroom 7, Bathroom 26, Bathroom 25, Bathroom 23, Bathroom 21, Bedroom 2, Bathroom 6, Bathroom 16, Bathroom 10, Bathroom 13, Bedroom 5, Bathroom 12, Bathroom 22, Bathroom 20, Bathroom 4, Bedroom 3, Bathroom 14, Bathroom 1, Bedroom 4, Bathroom 15, Bathroom 27, Bathroom 8, Bedroom 1, Bathroom 5, Bathroom 18, Bathroom 19
    Parking features
    Driveway, Off Street
    Window features
    Insulated Windows
    Patio and Porch features
    Deck, Porch
    Interior features
    Bathtub/Shower Combination, Ceiling Fan(s)
    Exterior features
    Lighting, Private Entrance, Private Yard
    Fireplace
    1
    Appliances
    Dryer, Electric Oven, Electric Water Heater, Free-Standing Electric Range, Freezer, Oven, Range Hood, Refrigerator, Washer
    Standard status
    Pending
    APN
    175045
    Size
    2,391 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    American Village/Sec:08-A /Blk:A/Lt#12 Pl:000099-000009
    Tax Annual Amount
    4702

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Carpet
    Building materials
    Block, Concrete, Vinyl Siding
    Roof type
    Fiberglass

    We can help!

    Listing Contact
    Adam J Dickinson
    Adam J Dickinson

    Listing agent Adam J Dickinson License #266837

    Listing office Nest Realty of the Triangle 308 W Main Street, Durham, NC

    Listing date Mar 19, 2026

    MLS# 10154400 Listing URL

    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.

    HighLights

    • Prime location: Minutes from Duke University and Duke University Hospital.
    • Duplex with income potential: One unit leased to a long‑term tenant, the other renovated and move‑in ready.
    • Flexible rental options: Suitable for long‑term or short‑term rentals.
    • Quiet, wooded setting: Located in a peaceful residential neighborhood with mature trees.
    • Strong investment profile: Historically low vacancy rates and consistent rental demand.
    • Convenient amenities: Close to grocery stores, parks, and trails.

    Overview

    Located in the American Village neighborhood of Durham, the duplex at 4310 American Drive is set on a 0.45-acre lot with mature trees. The property contains two units with functional layouts. One unit is currently leased to a long-term tenant through June, providing immediate income. The second unit has been renovated and is move-in ready, suitable for an owner-occupant, a new long-term lease, or short-term rental use. The property is located approximately two miles from Duke University and Duke University Hospital. Nearby grocery and shopping options include Harris Teeter, Whole Foods Market, and Durham Co-op Market, along with additional neighborhood options like Compare Foods. Residents can enjoy green space at nearby parks such as American Village Park, as well as access to trails in the Duke Forest area. Fitness facilities, healthcare services, and dining options are all within a short drive. The property has a total size of 2391 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.971062
    Latitude
    36.015807

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    FAQs

    What type of property is this?
    Duplex - Duplex in Durham's American Village, near Duke University.
    Where is this duplex located?
    The property is located at 4310 American Drive Durham, NC.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime location: Minutes from Duke University and Duke University Hospital.; Duplex with income potential: One unit leased to a long‑term tenant, the other renovated and move‑in ready.; Flexible rental options: Suitable for long‑term or short‑term rentals.
    (919) 452-3751
    We can help!
    Listing Contact
    Adam J Dickinson
    Adam J Dickinson
    Real Estate License ID: 266837
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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