$265,000
●
House -
In Contract
1129 Elmo Street
Durham, NC 27701
3 Beds
2 Baths,
1
Half Bath
1,222 Ft²
$1,302
Est. Monthly
About This Property
This new construction home is designed for the modern minimalist
who values intentionality over excess. Listen to your favorite
podcast while enjoying your pour-over coffee on the front porch.
Sunlight graces the monochrome elegance of the kitchen during the
day. Details matter, soft-touch shaker cabinetry meets crisp white
quartz, and a seamless tile backsplash is the backdrop to your
in-season fruit display. The primary suite is on the main
level, offering an en-suite bathroom with a tiled shower. Neutral
12 mil LVP flooring anchors a brilliant white canvas that's waiting
for your plants to be displayed. Dash to downtown Durham and enjoy
local restaurants, festivals, and entertainment. Whether you
are logging in from your dedicated home office, treating yourself
to a local breakfast spot, or making the quick 15-minute ride to
RTP, this location is your competitive advantage.
Unit Size
1,222 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$217
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
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: 8 months ago (TMLS #10069660)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Price Decreased |
$265,000
↓ $20K
(7%) | |
| Price Decreased | |||
| Nov 27, 2025 | Price Decreased |
$285,000
↓ $15K
(5%) | |
| Price Decreased | |||
| Sep 15, 2025 | Price Decreased |
$300,000
↓ $15K
(4.8%) | |
| Price Decreased | |||
| Aug 1, 2025 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Flooring Type: Luxury Vinyl
Rooms: 5
Basement: Crawl Space
Exterior Details
Square Footage: 1222
Architectural Style: Craftsman
Year Built: 2025
Building Area Total: 1222
Levels: Two
Construction Materials: Fiber Cement
Lot Size Area: 0.09
Lot Size Units: Acres
Lot Size Acres: 0.09
Lot Size Square Feet: 3920.4
Water Source: Public
Utilities Details
Cooling Type: Central Air, Electric, Zoned
Heating Type: Electric, Forced Air, Zoned
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Albright
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Listed by: Precious Allen, Precious Estates Realty LLC
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10069660
Last Updated: 8 months ago
Data Source: TMLS, MLS# 10069660
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