2-Unit Duplex with Separate
806 Eva Street, Durham, NC 27701
For Sale
$295,000
Two one-bedroom residences feature recent interior paint and new appliances, with one unit currently occupied by a tenant.
Property Size1,104 SF
Price / SF$267.21
Days on Market32
Property Features for 806 Eva Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
EXP Realty LLC
Listed By:
Renee Hillman
Source:
Thecedenogroup
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 8 at 3:11PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 1,104-square-foot duplex, built in 1930, contains two separate one-bedroom, one-bathroom units, each with its own entrance. Recent updates include interior paint and new appliances. Hardwood flooring is present in the living areas and bedrooms, and each unit has its own kitchen and bathroom. One unit is occupied by a tenant.
The property is on Eva Street in Durham, a short drive from Downtown Durham. Nearby destinations named for the area include Durham Bulls Athletic Park, DPAC, Central Park District and the Golden Belt arts and entertainment district. NC-147 and I-885 provide regional road connections, and Research Triangle Park is approximately 20 minutes away by car, depending on traffic.
The property is on Eva Street in Durham, a short drive from Downtown Durham. Nearby destinations named for the area include Durham Bulls Athletic Park, DPAC, Central Park District and the Golden Belt arts and entertainment district. NC-147 and I-885 provide regional road connections, and Research Triangle Park is approximately 20 minutes away by car, depending on traffic.
Key Highlights
- Two one‑bedroom, one‑bathroom units, each with an individual entrance
- 1,104 square feet; built in 1930
- Recent interior paint and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,480
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,600
$189.6K
Cap Rate 7%
$135,429
$135.4K
Cap Rate 9%
$105,333
$105.3K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$15.2K $13.80/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$13.5K $12.27/SF
− OpEx
−$4.1K −$3.68/SF
NOI
$9.5K $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%
$189,600
Cap Rate 7%
$135,429
Cap Rate 9%
$105,333
Alternative Uses
Best Use
Multifamily LT 5
$135.4K
$118.5K – $158.0K
NOI $9,480 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$118.6K
$103.8K – $138.3K
NOI $8,300 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$356.5K
$311.9K – $415.9K
NOI $24,955 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
995
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
$457,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Durham, NC
Properties on Market for Duplexes in Durham
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences feature recent interior paint and new appliances, with one unit currently occupied by a tenant.
Where is this duplex located?
The property is located at 806 Eva Street Durham, NC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units, each with an individual entrance; 1,104 square feet; built in 1930; Recent interior paint and new appliances
