2209-2211 Morehead Avenue, Durham, NC 27707

Durham
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
2209-2211 Morehead Avenue,Durham, NC 27707
$1,550,000
  • 22 Beds
  • 13 Baths
  • 9,148 sq. ft.
  • Multi-family
  • Active
Listed by: ed w billings, brooke gelhaus
Office: compass -- chapel hill - durham
MLS#:10102564
Source:RD

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$169.44

About this home

Investor Opportunity - Renovated MF Near Duke | 6.75 Cap | Stable Rents | 9 Units 2 Buildings with 9 units less than 1 mile from Duke University and Downtown Durham, offering strong in-place cash flow and a 6.75% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add levers.

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Home facts

  • Year built:1960
  • Listing ID #:10102564
  • Added:288 day(s) ago
  • Updated:March 27, 2026 at 03:40 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:13
  • Full bathrooms:13
  • Flooring:Carpet, Hardwood, Vinyl
  • Basement Description:Daylight
  • Living area:9,148 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1960
  • Building area:9,148 sq. ft.
  • Lot area:1.01 Acres
  • Construction Materials:Brick Veneer
  • Foundation Description:Brick/Mortar
  • Levels:Three Or More, Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$169.44
  • Tax amount:$12,565

Parking

  • Parking description:On Site
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