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Listing courtesy of Compass -- Chapel Hill - Durham

Sold

2209-2211 Morehead Avenue

2209-2211 Morehead Avenue, Durham, NC 27707

$1,405,000

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.

Contact

22
beds

13
baths

9,148 Sq.Ft. LIVING AREA

1.01 Acres lot

Ed Billings

title Broker/Realtor®, GRI
PHONE (919) 423-6627
EMAIL [email protected]
DRE # 201236

Features & Amenities

Interior

total bedrooms22
Total bathrooms13
full bathrooms13
Flooring Carpet, Hardwood, Vinyl

Area & Lot

Status Sold
Date Sold May 14, 2026
Living Area9,148 Sq.Ft.
Total Area9,148 Sq.Ft.
Lot Area1.01 Acres
MLS® ID10102564
TypeCondo
YEAR BUILT1960
NeighborhoodDurham

Exterior

STORIES3
water SourcePublic
roofShingle
parkingOn Site
HEAT TYPECentral
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureBrick/Mortar

Financial

Sales Price$1,405,000
Real Estate Tax $12,565/yr
Zoning RS-M

Durham

Durham is a vibrant community with various neighborhoods and plenty of activities to keep residents entertained.

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