$310,000
↓ $19K (5%)
●
House -
Off Market
1811 University Drive
Durham, NC 27707
2 Beds
1 Bath
927 Ft²
$334,884
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Have you been looking for the cutest place in Forest Hills? This
well maintained bungalow is ready for owner occupants or investors,
with numerous updates already performed. The current owner has
utilized this home for short-term rental with great success. Take
advantage of no HOAs and the proximity that downtown Durham and the
Rockwood area has to offer. Are you into disc golf, biking, running
or just a stroll in the park, well, you are in luck just walk out
your door and you have everything you want.
Unit Size
927 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$318
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1953
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (TMLS #2398644)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2025 | Price Decreased |
$360,000
↓ $19K
(5%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed | $379,000 | |
| Listed | |||
| | |||
|
Charming 2-bedroom, 1-bath home just 5 minutes from the heart of Downtown Durham in the popular Forest Hills neighborhood! Step inside to a light-filled living room featuring a cozy wood-burning fireplace and built-in shelving. Enjoy morning coffee or evening breezes on the screened-in porch overlooking the backyard. This home also offers a 1-car garage for added convenience. A rare opportunity to live close to vibrant shops, dining, & only one minute to Forest Hills Park, while enjoying a peaceful setting!
| |||
| Sep 13, 2021 | Sold | ||
| Sold | |||
| Jul 29, 2021 | Listed by Inhabit Real Estate | $295,000 | |
| Listed by Inhabit Real Estate | |||
| Apr 18, 2016 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
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 Forest Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Shawn Hays, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2398644
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2398644
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017