Custom-Built
639 Conover Rd Unit B, Durham, NC 27703
For Sale
$440,000
Two residences share a single wall at the garage and laundry room.
Property Size2,530 SF
Price / SF$173.91
Days on Market70
Property Features for 639 Conover Rd Unit B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker HPW
Listed By:
Jim Allen · License #126077
(919) 876-8824
Source:
Searchhomesinnorthcarolina
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 8 at 7:14AM
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 2,530-square-foot duplex combines two residences with a limited connection at the garage and laundry room. The interior plan includes a dedicated dining room, eat-in kitchen with stainless steel appliances and quartz countertops, and a family room with built-in features. A covered rear porch provides direct outdoor access.
The upper level includes a spacious laundry room, four bedrooms, three bathrooms, and a primary suite with detailed trim, a walk-in closet, barn-style bathroom door, dual vanities, and a tiled walk-in shower. The property is located at 639 Conover Rd in Durham, North Carolina.
The upper level includes a spacious laundry room, four bedrooms, three bathrooms, and a primary suite with detailed trim, a walk-in closet, barn-style bathroom door, dual vanities, and a tiled walk-in shower. The property is located at 639 Conover Rd in Durham, North Carolina.
Key Highlights
- 2,530‑square‑foot duplex completed in 2025
- Four bedrooms and three bathrooms on the upper level
- Eat‑in kitchen with stainless steel appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,725
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,500
$434.5K
Cap Rate 7%
$310,357
$310.4K
Cap Rate 9%
$241,389
$241.4K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$34.9K $13.80/SF
− Vacancy
−$3.9K −$1.53/SF
EGI
$31.0K $12.27/SF
− OpEx
−$9.3K −$3.68/SF
NOI
$21.7K $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%
$434,500
Cap Rate 7%
$310,357
Cap Rate 9%
$241,389
Alternative Uses
Best Use
Multifamily LT 5
$310.4K
$271.6K – $362.1K
NOI $21,725 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$271.7K
$237.8K – $317.0K
NOI $19,020 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$817.0K
$714.9K – $953.1K
NOI $57,188 @ 7.0% cap · market cap 13.00%
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 residences share a single wall at the garage and laundry room.
Where is this duplex located?
The property is located at 639 Conover Rd Unit B Durham, NC.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,530‑square‑foot duplex completed in 2025; Four bedrooms and three bathrooms on the upper level; Eat‑in kitchen with stainless steel appliances and quartz countertops
