Duplex with Two Identical 2BR
For Sale
$260,000
719 Holloway Street, Durham, NC 27701
MULTI_FAMILY - Durham, NC
Property Size1,336 SF
Lot Size0.43 Acres
Price / SF$194.61
Days on Market53
Property Features for 719 Holloway Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1
Parking features
Driveway
Subdivision
Not in a Subdivision
Standard status
Active
APN
111310
Size
1,336 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Obriant Calvin/Lt#09 Pl:000003-000129
Tax Annual Amount
1897
Legal Description
Prop-Obriant Calvin/Lt#09 Pl:000003-000129
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Added: Jun 18
Changed: Aug 3
Last Checked: Aug 9 at 6:06PM
MLS# 10174881
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.
Investment Insights
Based on property information with market context.
719 Holloway Street is a value-add duplex with two identical units, each offering two bedrooms and one bathroom. The property is delivered fully vacant, providing an opportunity to lease both units. The duplex was recently relocated to the site and placed on a new foundation, with additional improvements including new decks and a freshly painted exterior.
The property sits on a 0.43-acre lot and includes a shared driveway, supported by a survey available with the documents. Construction is wood siding with a shingle roof. Interior finishes include carpet and vinyl flooring, with baseboard heat and wall unit cooling. The home is served by public water and public sewer, and parking is available via a driveway.
Built in 1981, this duplex reflects major exterior work already completed, leaving room for minor interior improvements and lease-up efforts.
The property sits on a 0.43-acre lot and includes a shared driveway, supported by a survey available with the documents. Construction is wood siding with a shingle roof. Interior finishes include carpet and vinyl flooring, with baseboard heat and wall unit cooling. The home is served by public water and public sewer, and parking is available via a driveway.
Built in 1981, this duplex reflects major exterior work already completed, leaving room for minor interior improvements and lease-up efforts.
Key Highlights
- Two identical 2‑bedroom, 1‑bath units delivered fully vacant
- Recently relocated duplex placed on a new foundation
- New decks and freshly painted exterior
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
Multi-tenant
Tenancy
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 - Duplex features two identical 2-bedroom, 1-bath units delivered fully vacant, with recent foundation and exterior updates.
Where is this duplex located?
The property is located at 719 Holloway Street 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‑bath units delivered fully vacant; Recently relocated duplex placed on a new foundation; New decks and freshly painted exterior
