Colonial Duplex Near Downtown
708 S Roxboro Street, Durham, NC 27707
DUPLEX - Colonial - Durham, NC
Property size:
1,892 SFLot size:
0.15 AcresPrice / SF:
$163/SF- Added:
- Feb 4, 2026
- Days on Market:
- 114
- Last Refresh:
- May 29 at 1:06 pm
Property Features for 708 S Roxboro Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2
- Standard status
- Active
- APN
- 118601
- Size
- 1,892 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- New Hope Rlty Co Resubd/L T#05 Pt Pl:000032-000117
- Tax Annual Amount
- 4089
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump, Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Flooring type
- Linoleum, Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing agent Ricardo Cobos License #283523 (919) 670-3298
Listing office 8th Day Realty Group LLC 1418 Aversboro Rd Ste 205 PO BOX 12, Garner, NC (919) 822-9800
Listing date Feb 4, 2026
MLS# 10144631
Listing URL
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.
HighLights
- Prime location: Steps from Downtown Durham with immediate access to key attractions.
- Flexible investment opportunity: Suitable for full renovation, duplex income, or single‑family conversion.
- Two self‑contained units: Each featuring a private entrance, kitchen, living area, and primary bedroom.
- Two electric meters: Already in place for convenient separation of utilities.
- Solid structure: Built in 1930 with hardwood floors and a crawlspace foundation.
- Financing options: Cash, conventional, and FHA 203K financing are welcome, and the property is 1031 exchange eligible.
Overview
Located steps from the heart of Downtown Durham, this two-level property, constructed in 1930, is situated on a publicly maintained road. It offers immediate access to the American Tobacco Trail, Durham Bulls Athletic Park, DPAC, and the American Tobacco Campus. The property features two self-contained units, each with a private entrance, kitchen, living area, and primary bedroom. This configuration allows for a full renovation, a duplex income strategy, or conversion into a single-family home. The property has two electric meters. Architectural features include hardwood floors, a crawlspace foundation, and a two-story Colonial footprint. The property is eligible for a 1031 exchange. The lot size is 0.15 acres, and the property size is 1892 square feet. The zoning is R-3. Intended uses include duplex income, single-family conversion, or renovation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $13.80 |
| − Vacancy | −$2.9k | −$1.53 |
| EGI | $23.2k | $12.27 |
| − OpEx | −$7.0k | −$3.68 |
| NOI | $16.2k | $8.59 |
1,892 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.1K
$203.1K – $270.8K
NOI $16,246 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$203.2K
$177.8K – $237.1K
NOI $14,224 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$610.9K
$534.6K – $712.8K
NOI $42,766 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.902991
- Latitude
- 35.986694
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property near downtown Durham with renovation potential.
Where is this duplex located?
The property is located at 708 S Roxboro Street Durham, NC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Prime location: Steps from Downtown Durham with immediate access to key attractions.; Flexible investment opportunity: Suitable for full renovation, duplex income, or single‑family conversion.; Two self‑contained units: Each featuring a private entrance, kitchen, living area, and primary bedroom.
