2209-2211 Morehead Ave, Durham, NC 27707
- $1,405,000
- 22
- BD
- 13
- BA
- 9,148
- SqFt
Seller Representative Compass -- Chapel Hill - Durham
Buyer Representative
- Sold Price
- $1,405,000
- List Price
- $1,550,000
- Closing Date
- May 14, 2026
- Status
- CLOSED
- MLS#
- 10102564
- Bedrooms
- 22
- Bathrooms
- 13
- Full-baths
- 13
- Living Area
- 9,148
- Lot Size
- 43,995
- Subdivision
- Not In A Subdivision
- Year Built
- 1960
- Acres
- 1.01
Property Description
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.
Additional Information
- Foundation
- Brick/Mortar
- Water
- Public
- Basement
- Daylight
- Flooring
- Carpet, Hardwood, Vinyl
- Roof
- Shingle
- Heating
- Central
Mortgage Calculator
Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .