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2209-2211 Morehead Ave, Durham, NC 27707
2209-2211 Morehead Ave, Durham, NC 27707
2209-2211 Morehead Ave, Durham, NC 27707
2209-2211 Morehead Ave, Durham, NC 27707
2209-2211 Morehead Ave, Durham, NC 27707
2209-2211 Morehead Ave, Durham, NC 27707
2209-2211 Morehead Ave, Durham, NC 27707

2209-2211 Morehead Ave Durham, NC 27707

$1,550,000

PENDING
Beds
22
Baths
13
Sqft
9,148
Acres
1.01
Year
1960
Days on Site
302
Property Type
Residential Income
Sub Type
Apartment
Per Square Foot
$169
Date Listed
Jun 12, 2025

Description of 2209-2211 Morehead Ave, Durham, NC 27707

Listing details for 2209-2211 Morehead Ave, Durham, NC 27707 : 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.
Listing Updated : 04-04-2026 at 9:00 AM EDT
Listing Provided By

Ed W Billings, 919-423-6627, Compass -- Chapel Hill - Durham

Source

Triangle, MLS, MLS#: 10102564

Property History

DateEventPrice
4/4/2026
Pending sale
$1,550,000 0%
$169/sqft
Source:Triangle, MLS #10102564
6/12/2025
Listed for sale
$1,550,000
$169/sqft
Source:Triangle, MLS #10102564
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