2209-2211 Morehead Avenue, Durham, NC 27707

Local realty services provided by:ERA Live Moore
2209-2211 Morehead Avenue,Durham, NC 27707
$1,990,000
  • 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:$1,990,000
  • Price per sq. ft.:$217.53

About this home

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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Home facts

  • Year built:1960
  • Listing ID #:10102564
  • Added:156 day(s) ago
  • Updated:November 15, 2025 at 07:00 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:13
  • Full bathrooms:13
  • Living area:9,148 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1960
  • Building area:9,148 sq. ft.
  • Lot area:1.01 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,990,000
  • Price per sq. ft.:$217.53
  • Tax amount:$12,565
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