Two-Unit
524 Green St, Durham, NC 27701
For Sale
$279,000
Pending
Both residences are all-electric, with two bedrooms and one bathroom apiece.
Property Size1,500 SF
Days on Market20
Property Features for 524 Green St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Source:
Exprealty
Added: Oct 21
Changed: Nov 4
Last Checked: Nov 8 at 7:01AM
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 duplex contains two all-electric residences, each arranged with two bedrooms and one bathroom. The property is in Durham’s Duke Park neighborhood, six blocks from Duke University’s East Campus and about one mile from Downtown Durham.
Downtown offers restaurants, shopping, and entertainment.
Downtown offers restaurants, shopping, and entertainment.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- All‑electric duplex
- Six blocks from Duke University’s East Campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,880
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,600
$257.6K
Cap Rate 7%
$184,000
$184.0K
Cap Rate 9%
$143,111
$143.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$18.4K $12.27/SF
− OpEx
−$5.5K −$3.68/SF
NOI
$12.9K $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%
$257,600
Cap Rate 7%
$184,000
Cap Rate 9%
$143,111
Alternative Uses
Best Use
Multifamily LT 5
$184.0K
$161.0K – $214.7K
NOI $12,880 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
510
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
$457,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences are all-electric, with two bedrooms and one bathroom apiece.
Where is this duplex located?
The property is located at 524 Green St Durham, NC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; All‑electric duplex; Six blocks from Duke University’s East Campus
