Vacant Duplex with New
For Sale
$260,000
719 Holloway St, Durham, NC 27701
Two matching residential units are delivered vacant with new decks and a freshly painted exterior.
Property Size1,336 SF
Price / SF$194.61
Days on Market48
Property Features for 719 Holloway St
General Information
Standard status
Active
Size
1,336 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
minor interior improvements
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1981
Listing Agency:
Deaton Investment Real Estate
(919) 412-3913
Listed By:
Thomas Furlow · License #222598
Source:
Tcrnc
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 29 at 12:26PM
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 Deaton Investment Real Estate
Investment Insights
Based on property information with market context.
This duplex contains 1,336 square feet arranged as two identical units, each with two bedrooms and one bathroom. Both residences will be delivered fully vacant. The structure was relocated to the site and set on a new foundation, with new decks and a freshly painted exterior completed as part of the improvements.
Located at 719 Holloway Street in Durham, North Carolina, the property includes a shared driveway documented by an available survey. The building was originally constructed in 1981. Interior work and leasing remain to be addressed by the next owner.
Located at 719 Holloway Street in Durham, North Carolina, the property includes a shared driveway documented by an available survey. The building was originally constructed in 1981. Interior work and leasing remain to be addressed by the next owner.
Key Highlights
- Two identical 2‑bedroom, 1‑bathroom units
- 1,336 SF duplex delivered fully vacant
- Structure relocated to site and placed on a new foundation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,440
$229.4K
Cap Rate 7%
$163,886
$163.9K
Cap Rate 9%
$127,467
$127.5K
Market Conditions
NOI Build-Up for 1,336 SF
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.
Gross rent
$18.4K $13.80/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$16.4K $12.27/SF
− OpEx
−$4.9K −$3.68/SF
NOI
$11.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,440
Cap Rate 7%
$163,886
Cap Rate 9%
$127,467
Alternative Uses
Best Use
Multifamily LT 5
$163.9K
$143.4K – $191.2K
NOI $11,472 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$143.5K
$125.6K – $167.4K
NOI $10,044 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$431.4K
$377.5K – $503.3K
NOI $30,199 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residential units are delivered vacant with new decks and a freshly painted exterior.
Where is this duplex located?
The property is located at 719 Holloway St Durham, NC.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two identical 2‑bedroom, 1‑bathroom units; 1,336 SF duplex delivered fully vacant; Structure relocated to site and placed on a new foundation
