NC
Durham
Durham
27707
2209-2211 Morehead Avenue
2209-2211 Morehead Avenue, Durham, NC 27707
Share Listing
Listing Type
Condo/Townhome
Listing Status
active
10
$1,990,000
Home Details for 2209-2211 Morehead Avenue
Price
$1,990,000
Type
Residential Income
Bedrooms
22
Bathrooms
13.0
Square feet
9148
Year built
1960
Lot size acres
1.01
County
Durham
Garage
Basement
Daylight
Days on site
103
MLS Listing#
10102564
Property Description
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.
Property Features
Cooling Information
- Central Air
Heating Information
- Central
Water Features
- Public
Parking
- On Site
Basement
- Daylight
Listing Courtesy: Compass -- Chapel Hill - Durham - 919-999-8482
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.Last Updated: 2025-06-12 09:15:59
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EXIT REALTY TRIANGLE
8601 Six Forks Road, Suite 400, Raleigh, NC 27615Mikaela Rojas
License #: 315723
Franchisee
Office
919 706 7778
Agent
919 999 2568
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