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$1,739,000

  • For Sale
  • Active
  • Apartment
  • 22 Beds
  • 13 Full Baths
  • 9,148 Sq. Ft.
  • 1.01 Acres
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Investor Opportunity - Renovated MF Near Duke | 6.2% Cap | Stable Rents | 9 Units 2 Buildings with 9 units less than 1 mile from Duke University, offering strong in-place cash flow and a 6.2% 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.

Full Property Details for 2209-2211 Morehead Ave

General

  • Price: $1,739,000
  • Taxes: $12,565
  • Status: Active
  • Type: Apartment
  • Source: 2218
  • MLS ID: 10102564
  • Updated: 12/3/2025
  • Added to Site: 219 day(s) ago

Rental Information

  • Lease/Rent Term: Other

Interior

  • Flooring: Carpet, Hardwood, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 13
  • Full Bathrooms: 13

Bedrooms

  • Total Bedrooms: 22

Parking

  • Parking Features: On Site

Location

  • County: Durham
  • Subdivision: Not in a Subdivision
  • Driving Directions: Chapel Hill Road to Left on Morehead. Property is on the left.
  • City Limits: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 2
  • Structure Type: Multi Family
  • Exterior Const.: Brick Veneer
  • Basement: Yes
  • Basement Desc.: Daylight
  • Roof: Shingle
  • Building Size: 9148
  • Square Feet: 9,148
  • Finished Above Grnd: 7,320 Sq. Ft.
  • Finished Below Grnd: 1,828 Sq. Ft.
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 1.01
  • Lot Size (Sq. Ft.): 43,995.6
  • Zoning: RS-M

Financial Considerations

  • Tax Amount: $12,565

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 0821056967 and 0821055967
  • Lot Number: 18 & 19

Listed by Compass -- Chapel Hill - Durham, Ed W Billings (919) 423-6627 and Compass -- Chapel Hill - Durham, Brooke Gelhaus (919) 307-7590

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Listing agents

— 2209-2211 Morehead Ave —

  • Ed W Billings

    Compass -- Chapel Hill - Durham

  • Brooke Gelhaus

    Compass -- Chapel Hill - Durham

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 2209-2211 Morehead Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/17/2025
Price Reduced
$1,739,000
-12.61%
MLS
6/12/2025
Listed
$1,990,000
44.73%
MLS
9/08/2023
Sold
$1,375,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2209-2211 Morehead Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,774
24%
$683,310
74%
2024
$5,470
6%
$392,147
—
2023
$5,137
2%
$392,147
—
2022
$5,019
—
$392,147
—
2021
$4,996
2%
$392,147
—
2020
$4,878
—
$392,147
—
2019
$4,878
115%
$392,147
134%
2018
$2,270
1%
$167,376
—
2017
$2,254
3%
$167,376
—
2016
$2,178
-1%
$167,376
5%
2015
$2,201
—
$158,984
—
2014
$2,201
3%
$158,984
—
2013
$2,133
—
$158,984
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2209-2211 Morehead Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass -- Chapel Hill - Durham, Ed W Billings (919) 423-6627 and Compass -- Chapel Hill - Durham, Brooke Gelhaus (919) 307-7590

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2209-2211 Morehead Avenue, Durham, NC 27707 (MLS# 10102564) is a Apartment property with 22 bedrooms and 13 full bathrooms. 2209-2211 Morehead Avenue is currently listed for $1,739,000 and was received on June 12, 2025. Want to learn more about 2209-2211 Morehead Avenue? Do you have questions about finding other Apartment real estate for sale in Durham? You can browse all Durham real estate or contact a Coldwell Banker agent to request more information.

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