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$1,990,000
8 Days On Site
2209-2211 Morehead AvenueDurham, NC 27707
For Sale|Apartment|Active
22
Beds
13
Total Baths
13
Full Baths
9,148
SqFt
$218
/SqFt
1960
Built
Subdivision:
Not in a Subdivision
County:
Durham
Call Now: 919-263-SOLD
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919-263-SOLD
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Investor Opportunity - Renovated MF Near Duke | 5.5% Cap | Stable Rents + Upside Charming, fully leased multifamily asset less than 1 mile from Duke University, offering strong in-place cash flow and a 5.6% cap rate. Unit mix includes rare 3BR/2BA and 2BR/2BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades, drainage improvements, modernized kitchens/baths, 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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Listing Snapshot
Price
$1,990,000
Days On Site
8 Days
Bedrooms
22
Inside Area (SqFt)
9,148 sqft
Total Baths
13
Full Baths
13
Partial Baths
N/A
Lot Size
1.01 Acres
Year Built
1960
MLS® Number
10102564
Status
Active
Property Tax
$12,565
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| yesterday | Listing updated with changes from the MLS® | |
| a week ago | Listing first seen on site |
General Features
Acres
1.01
Foundation
Brick/Mortar
Lease Term
Other
Parking
On Site
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
7320
SqFt Below
1828
SqFt Total
9148
Stories
Three Or MoreTwo
Water Source
Public
Zoning
RS-M
Interior Features
Basement
Daylight
Cooling
Central Air
Flooring
CarpetHardwoodVinyl
Heating
Central
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Exterior Features
Construction Details
Brick Veneer
Roof
Shingle
Community Features
Financing Terms Available
CashConventional1031 Exchange
Listing courtesy of Ed W Billings of Compass -- Chapel Hill - Durham
Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Last checked: 2025-06-21 05:45 AM UTC
Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Last checked: 2025-06-21 05:45 AM UTC
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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