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 Market94
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
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Source:
Tcrnc
Added: Jul 14
Changed: Oct 3
Last Checked: Oct 7 at 1:38PM
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 / Yr
$11,472
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
