$320,000
●
House -
For Sale
1507 Echo Road
Durham, NC 27707
2 Beds
1 Bath
779 Ft²
$1,914
Est. Monthly
About This Property
Investor alert. Prime opportunity in one of Durham's most desirable
locations. This 2-bedroom, 1-bath renovation project is already
taken down to the studs with major rough-ins completed -- saving
significant time and upfront costs. Framing and key infrastructure
improvements are already in place, allowing investors to move
straight into the finish phase.
Ideal for fix-and-flip, long-term rental, or resale. Strong area comps and high demand make this a compelling value-add opportunity. Bring your vision and complete the project to maximize returns.
Property sold as-is. Cash or renovation financing preferred.
Ideal for fix-and-flip, long-term rental, or resale. Strong area comps and high demand make this a compelling value-add opportunity. Bring your vision and complete the project to maximize returns.
Property sold as-is. Cash or renovation financing preferred.
Unit Size
779 Ft²
Days on Market
31 days
Land Size
0.19 acres
Price per sqft
$411
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1948
Listed By
Marla Sewell
Keller Williams Central
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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 #10158424)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2026 | Listed by Elevation Realty, LLC | $320,000 | |
| Listed by Elevation Realty, LLC | |||
| Mar 25, 2021 | No longer available | - | |
| No longer available | |||
| Mar 8, 2021 | Listed | $250,000 | |
| Listed | |||
| | |||
|
Investor alert!! What a great location!! Close to Duke, downtown, shopping and restaurant. The manager has listed the unit size as 896 square feet.
| |||
| Feb 22, 2018 | Sold | ||
| Sold | |||
Property Highlights
Interior Details
Full Bathrooms: 1
Flooring Type: None
Rooms: 3
Exterior Details
Square Footage: 779
Architectural Style: Bungalow
Year Built: 1948
Building Area Total: 779
Levels: One
Construction Materials: Vinyl Siding
Lot Size Area: 0.19
Lot Size Units: Acres
Lot Size Acres: 0.19
Lot Size Square Feet: 8276
Water Source: Public
Financial Details
Tax Map Number: 05
Tax Assessed Value: $332,781
Tax Annual Amount: $4,110
Utilities Details
Cooling Type: None
Heating Type: Other
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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Marla Paulette Sewell, Elevation Realty, LLC
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10158424
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10158424
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