Custom-Built
637 Conover Rd Unit B, Durham, NC 27703
For Sale
$475,000
Two-level duplex with quartz kitchens, stainless steel appliances, covered rear porches, and detailed interior finishes.
Property Size2,281 SF
Price / SF$208.24
Days on Market70
Property Features for 637 Conover Rd Unit B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
stainless steel appliances
quartz countertops
covered porch
built ins
Building Details
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker HPW
Listed By:
Jim Allen · License #126077
(919) 876-8824
Source:
Myhomesearchtriangle
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 8 at 6:42AM
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 Coldwell Banker HPW
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Investment Insights
Based on property information with market context.
Completed in 2025, this 2,281-square-foot custom-built duplex is connected by a single party wall at the garage and laundry room. The first floor includes separate dining space, an eat-in kitchen with stainless steel appliances and quartz countertops, a family room with built-ins, and access to a covered back porch.
The upper level contains a spacious laundry room, four bedrooms, three bathrooms, and a primary suite with detailed trim work, a walk-in closet, and a barn-door entry to the primary bath. The primary bathroom includes dual vanities and a walk-in shower finished with tile to the ceiling. The property is located at 637 Conover Rd in Durham, North Carolina.
The upper level contains a spacious laundry room, four bedrooms, three bathrooms, and a primary suite with detailed trim work, a walk-in closet, and a barn-door entry to the primary bath. The primary bathroom includes dual vanities and a walk-in shower finished with tile to the ceiling. The property is located at 637 Conover Rd in Durham, North Carolina.
Key Highlights
- 2025 construction with 2,281 square feet
- Duplex connected by one party wall at the garage and laundry room
- Eat‑in kitchens feature stainless steel appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,586
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,720
$391.7K
Cap Rate 7%
$279,800
$279.8K
Cap Rate 9%
$217,622
$217.6K
Market Conditions
NOI Build-Up for 2,281 SF
Gross rent
$31.5K $13.80/SF
− Vacancy
−$3.5K −$1.53/SF
EGI
$28.0K $12.27/SF
− OpEx
−$8.4K −$3.68/SF
NOI
$19.6K $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%
$391,720
Cap Rate 7%
$279,800
Cap Rate 9%
$217,622
Alternative Uses
Best Use
Multifamily LT 5
$279.8K
$244.8K – $326.4K
NOI $19,586 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$245.0K
$214.4K – $285.8K
NOI $17,148 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$736.6K
$644.5K – $859.3K
NOI $51,559 @ 7.0% cap · market cap 10.85%
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
121
Businesses Nearby
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Business Placement
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
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Market
Average Price Trend$/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 - Two-level duplex with quartz kitchens, stainless steel appliances, covered rear porches, and detailed interior finishes.
Where is this duplex located?
The property is located at 637 Conover Rd Unit B Durham, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2025 construction with 2,281 square feet; Duplex connected by one party wall at the garage and laundry room; Eat‑in kitchens feature stainless steel appliances and quartz countertops
