$384,000
●
House -
Off Market
1004 Cheviot Avenue
Durham, NC 27707
3 Beds
2 Baths
1,609 Ft²
$2,188
Est. Monthly
About This Property
NEW 3/27/26 - Sellers offering $10k in closing costs for a rate
buy-down!
Hope Valley proximity without the Hope Valley price tag -- tucked on a quiet Durham cul-de-sac with a wooded backdrop and room to add equity. Set in Hope Valley North, a neighborhood known for quiet streets, evening strolls, and a dog-walking-friendly feel. Inside, the open living and dining area offers additional flex space for a reading nook or home office. Beyond this space are three bedrooms and two full baths, along with new carpet and blinds and updated vinyl flooring.
A fantastic option for buyers seeking a well-located first home, investment property, or a place to make their own in one of Durham's most desirable areas.
Private homes in settings like this are increasingly hard to find at this price point.
Hope Valley proximity without the Hope Valley price tag -- tucked on a quiet Durham cul-de-sac with a wooded backdrop and room to add equity. Set in Hope Valley North, a neighborhood known for quiet streets, evening strolls, and a dog-walking-friendly feel. Inside, the open living and dining area offers additional flex space for a reading nook or home office. Beyond this space are three bedrooms and two full baths, along with new carpet and blinds and updated vinyl flooring.
A fantastic option for buyers seeking a well-located first home, investment property, or a place to make their own in one of Durham's most desirable areas.
Private homes in settings like this are increasingly hard to find at this price point.
Unit Size
1,609 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$239
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1977
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 months ago (TMLS #10150954)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Price Decreased |
$384,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Mar 6, 2026 | Listed by Nest Realty of the Triangle | $389,000 | |
| Listed by Nest Realty of the Triangle | |||
| Feb 25, 2021 | Sold | ||
| Sold | |||
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Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Hope Valley
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Listed by: Courtney Dunstan, Nest Realty of the Triangle
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10150954
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10150954
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