Duplex with Two Vacant
New
For Sale
$269,000
616 W Markham Avenue, Durham, NC 27701
Residential Income, Durham, NC
Property Size1,216 SF
Lot Size0.19 Acres
Price / SF$221.22
Days on Market1
Property Features for 616 W Markham Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Driveway, Off Street
Window features
Blinds
Interior features
Bathtub/Shower Combination, Ceiling Fan(s)
Appliances
Electric Range, Range Hood, Refrigerator, Water Heater
Subdivision
Not in a Subdivision
Elementary school
Durham - Club Boulevard Elementary
Middle school
Durham - Brogden Middle
High school
Durham - Riverside High
Standard status
Active
APN
0822-92-1673
Size
1,216 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Prop-Wright T D/Lt#25-26 Lt#46-47 Pl:000005-000139
Tax Annual Amount
3273
Legal Description
Prop-Wright T D/Lt#25-26 Lt#46-47 Pl:000005-000139
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Electric
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Number of units
2
Flooring type
Carpet, Hardwood, Linoleum
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Frasher Whaley Realty Group
(919) 794-3233
Listed By:
John Whaley · License #262351
(919) 475-3891
Added: Oct 6
Last Checked: Oct 6 at 11:06AM
MLS# 10196790
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 two-unit property at 616 W Markham Avenue contains 1,216 square feet on a 0.19-acre parcel. Built in 1935, it has vinyl siding, a shingle roof, and a mix of hardwood, carpet, and linoleum flooring. Interior features include ceiling fans and bathtub/shower combinations; the property also has a driveway and off-street parking. Public water and sewer serve the site.
The duplex is in Durham’s Duke Park neighborhood, within five blocks of Duke East Campus and less than a mile from downtown Durham. Both units are vacant, allowing a purchaser to consider renovation or occupancy of one unit while renting the other.
The duplex is in Durham’s Duke Park neighborhood, within five blocks of Duke East Campus and less than a mile from downtown Durham. Both units are vacant, allowing a purchaser to consider renovation or occupancy of one unit while renting the other.
Key Highlights
- Two vacant units in a duplex
- 1,216 square feet on a 0.19‑acre parcel
- Built in 1935; vinyl siding and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,442
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,840
$208.8K
Cap Rate 7%
$149,171
$149.2K
Cap Rate 9%
$116,022
$116.0K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$16.8K $13.80/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$14.9K $12.27/SF
− OpEx
−$4.5K −$3.68/SF
NOI
$10.4K $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%
$208,840
Cap Rate 7%
$149,171
Cap Rate 9%
$116,022
Alternative Uses
Best Use
Multifamily LT 5
$149.2K
$130.5K – $174.0K
NOI $10,442 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$130.6K
$114.3K – $152.4K
NOI $9,142 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, offering flexibility for renovation or owner occupancy with rental income from the second unit.
Where is this duplex located?
The property is located at 616 W Markham Avenue Durham, NC.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two vacant units in a duplex; 1,216 square feet on a 0.19‑acre parcel; Built in 1935; vinyl siding and shingle roof
