Two-Unit
New
For Sale
$279,000
524 Green Street, Durham, NC 27701
Residential Income, Durham, NC
Property Size1,500 SF
Lot Size0.18 Acres
Price / SF$186
Days on Market2
Property Features for 524 Green Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
Off Street, Driveway
Interior features
Bathtub/Shower Combination
Appliances
Electric Range, Range Hood, Refrigerator
Subdivision
Not in a Subdivision
Standard status
Active
APN
105572
Size
1,500 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Prop-Gregory Real Estate Co Inc/Lt#28 Pl:000093-000017
Tax Annual Amount
3130
Legal Description
Prop-Gregory Real Estate Co Inc/Lt#28 Pl:000093-000017
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick Veneer, Wood Siding
Roof type
Shingle
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley
(919) 475-3891
Added: Oct 21
Last Checked: Oct 22 at 1:06PM
MLS# 10199432
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex contains two residences, each with two bedrooms and one bathroom. The all-electric property was built in 1968 and sits on a 0.18-acre lot. Interior finishes include carpet and vinyl flooring; parking is available in the driveway and off street. Public water and sewer serve the property.
The property is six blocks from Duke University's East Campus and about one mile from downtown Durham, where restaurants, shops, and entertainment are located.
The property is six blocks from Duke University's East Campus and about one mile from downtown Durham, where restaurants, shops, and entertainment are located.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,500 square feet on a 0.18‑acre lot
- All‑electric property built in 1968
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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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with electric appliances and heating.
Where is this duplex located?
The property is located at 524 Green Street 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 residences, each with 2 bedrooms and 1 bathroom; 1,500 square feet on a 0.18‑acre lot; All‑electric property built in 1968
