Contemporary Duplex with Fenced
For Sale
$799,000
804 Vardaman Street, Raleigh, NC 27610
Residential Income, Raleigh, NC
Property Size2,418 SF
Lot Size0.11 Acres
Price / SF$330.44
Days on Market159
Property Features for 804 Vardaman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-10
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Basement, Bathroom 1, Dining Room, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 4
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Kitchen/Dining Room Combination, Open Floorplan, Primary Downstairs, Recessed Lighting, Smooth Ceilings, Walk-In Closet(s)
Exterior features
Fenced Yard, Private Yard, Rain Gutters
Fencing
Fenced
Basement
Crawl Space
Appliances
Dryer, Gas Range, Microwave, Refrigerator, Washer
Subdivision
Quarry Hills
Lot features
Back Yard, City Lot, Landscaped, Near Public Transit, Paved
Elementary school
Wake - Southeast Raleigh Elementary
Middle school
Wake - Centennial Campus Middle
High school
Wake - Southeast Raleigh High
Standard status
Active
APN
1713256079
Size
2,418 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lo17 Hightower Street Properties LLC Unrcd Srvy
Tax Annual Amount
6812
Legal Description
Lo17 Hightower Street Properties LLC Unrcd Srvy
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
private fenced backyards
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Fiber Cement
Roof type
Shingle
Listing Agency:
Coldwell Banker HPW · Coldwell Banker Real Estate
(919) 876-8824
Listed By:
Michael Terbet
(919) 621-1015
Added: May 14
Changed: Oct 16
Last Checked: Oct 19 at 3:06PM
MLS# 10167290
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two separate residences totaling 2,418 square feet. Each unit is arranged with an open kitchen and living area, stainless steel appliances, white shaker cabinetry, granite counters, contemporary tile accents, and durable vinyl flooring. The layout includes a primary suite on the main level, two additional bedrooms upstairs, and two bathrooms per unit. Central heating and cooling, recessed lighting, walk-in closets, and washer and dryer appliances add practical functionality.
Both residences include a fenced private yard, porch, driveway parking, and public water and sewer service. The property sits on 0.11 acres in Raleigh’s R-10 zoning district at 804 Vardaman Street, with the units identified as 804 and 806. Downtown Raleigh, the NCSU campus, dining, shopping, entertainment, and major highways are described as nearby.
Both residences include a fenced private yard, porch, driveway parking, and public water and sewer service. The property sits on 0.11 acres in Raleigh’s R-10 zoning district at 804 Vardaman Street, with the units identified as 804 and 806. Downtown Raleigh, the NCSU campus, dining, shopping, entertainment, and major highways are described as nearby.
Key Highlights
- Duplex with two units identified as 804 and 806
- 2,418 square feet on a 0.11‑acre lot
- Built in 2022 with fiber cement construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,920
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,400
$558.4K
Cap Rate 7%
$398,857
$398.9K
Cap Rate 9%
$310,222
$310.2K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$42.1K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.9K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$27.9K $11.55/SF
Area
ZIP 27610
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,400
Cap Rate 7%
$398,857
Cap Rate 9%
$310,222
Alternative Uses
Best Use
Multifamily LT 5
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$708.8K
$620.2K – $827.0K
NOI $49,617 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature open living areas, first-floor primary suites, updated kitchens, and private outdoor space.
Where is this duplex located?
The property is located at 804 Vardaman Street Raleigh, NC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex with two units identified as 804 and 806; 2,418 square feet on a 0.11‑acre lot; Built in 2022 with fiber cement construction
