7
Map
$100,000
●
Land -
For Sale
1902 Ruffin Street
Durham, NC 27704
Studio
0 Bath
$501
Est. Monthly
About This Property
Discover the potential of 1902 Ruffin Street - a private and
versatile .49 acre vacant lot located in a growing area of Durham,
NC. This parcel offers an excellent opportunity for builders,
investors, or anyone looking to create a custom home or
income-producing property. Nestled on a quiet street with
established homes, the lot provides a rare sense of privacy while
still being minutes from downtown Durham, NCCU, RTP, and major
highways. Public utilities available. Whether you're building your
dream home or planning your next project, this lot is full of
promise.
Unit Size
-
Days on Market
70 days
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
-
Year Built
-
Listed By
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Cap Rate Calculator
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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: 3 months ago (TMLS #10189242)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Listed by Smith Pearson Realty | $100,000 | |
| Listed by Smith Pearson Realty | |||
| Nov 5, 2025 | Price Decreased |
$135,000
↓ $5K
(3.6%) | |
| Price Decreased | |||
| Sep 8, 2025 | Listed | $140,000 | |
| Listed | |||
| | |||
|
Discover the potential of 1902 Ruffin Street - a private and versatile .49 acre vacant lot located in a growing area of Durham, NC. This parcel offers an excellent opportunity for builders, investors, or anyone looking to create a custom home or income-producing property. Nestled on a quiet street with established homes, the lot provides a rare sense of privacy while still being minutes from downtown Durham, NCCU, RTP, and major highways. Public utilities available. Whether you're building your dream home or planning your next project, this lot is full of promise.
| |||
| Aug 11, 2022 | Sold | ||
| Sold | |||
| Apr 13, 2017 | Sold | ||
| Sold | |||
Show More
Property Highlights
Exterior Details
Lot Size Area: 0.49
Lot Size Units: Acres
Lot Size Acres: 0.49
Lot Size Square Feet: 21344.4
Lot Size Dimensions: see county records
Water Source: Public
Financial Details
Tax Map Number: 05-06
Tax Assessed Value: $11,682
Tax Annual Amount: $119
Utilities Details
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 Northgate Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Chelsea Pearson, Smith Pearson Realty
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10189242
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10189242
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