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$1,405,000

  • Sold
  • Closed
  • Apartment
  • 22 Beds
  • 13 Full Baths
  • 9,148 Sq. Ft.
  • 1.01 Acres
  • Updated 6 days ago
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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.

Full Property Details for 2209-2211 Morehead Ave

General

  • Sold For: $1,405,000
  • Taxes: $12,565 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: 2218
  • MLS ID: 10102564
  • Added to Site: 483 day(s) ago

Rental Information

  • Lease/Rent Term: Other

Interior

  • Flooring: Carpet, Hardwood, Luxury 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

Heating & Cooling

  • Central air: Yes
  • 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
  • Living Area: 9,148 Sq. Ft.
  • Finished Above Grnd: 7,320 Sq. Ft.
  • Finished Below Grnd: 1,828 Sq. Ft.
  • Year Built: 1960

Unit Information

  • Units in Building: 9

Lot Features

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

Financial Considerations

  • Tax Amount: $12,565
  • Tax Year: 2024
  • Terms: Cash, Conventional, 1031 Exchange
  • Owner Pays: Grounds Care, Insurance, Taxes, Trash Collection

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 0821-05-6967 and 0821-05-5967
  • 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
Sold by EXP Realty LLC, Garrett Warren White

Listing agents

— 2209-2211 Morehead Ave —

  • Ed W Billings

    Compass -- Chapel Hill - Durham

  • Brooke Gelhaus

    Compass -- Chapel Hill - Durham

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 2209-2211 Morehead Ave

Date
Details
Price
Change
Source
5/14/2026
Sold
$1,405,000
-9.35%
MLS
3/02/2026
Price Reduced
$1,550,000
-10.87%
MLS
11/17/2025
Price Reduced
$1,739,000
-12.61%
MLS
6/12/2025
Listed
$1,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Compass -- Chapel Hill - Durham, Ed W Billings (919) 423-6627 and Compass -- Chapel Hill - Durham, Brooke Gelhaus (919) 307-7590
Sold by EXP Realty LLC, Garrett Warren White

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2209-2211 Morehead Avenue, Durham, NC 27707 (MLS# 10102564) is a Apartment property that was sold at $1,405,000 on May 14, 2026. 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.