$59,000
↓ $10K (14.5%)
●
Land -
For Sale
200 Bern Street
Durham, NC 27707
Studio
0 Bath
$386
Est. Monthly
About This Property
Rare opportunity to acquire approximately 2 acres of wooded land
just outside of Downtown Durham in highly flexible RU-5 zoning,
offering potential for small-lot development, multiple homesites,
or a private urban retreat. The property is well-suited for
builders, investors, and long-term holders seeking infill land in a
strong growth corridor. RU-5 zoning supports a variety of
residential configurations (subject to approvals), creating
flexibility for future site planning and development concepts. The
parcel offers a private, wooded setting with mature tree cover and
natural topography, providing a strong canvas for design and
layout. Site features are present and should be evaluated through
standard due diligence. The property is currently landlocked. An
adjacent city-owned parcel exists nearby, which may be relevant to
future access considerations, subject to independent verification
and municipal approvals.
Unit Size
-
Days on Market
259 days
Land Size
1.91 acres
Price per sqft
-
Property Type
Land
Property Taxes
$96
HOA Dues
-
Year Built
-
Listed By
Nicholas Huscroft
Chosen Realty
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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: 2 months ago (TMLS #10145286)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$59,000
↓ $10K
(14.5%) | |
| Price Decreased | |||
| Jul 10, 2026 | Price Decreased |
$69,000
↓ $10K
(12.7%) | |
| Price Decreased | |||
| Jun 4, 2026 | Price Decreased |
$79,000
↓ $10K
(11.2%) | |
| Price Decreased | |||
| May 5, 2026 | Price Decreased |
$89,000
↓ $10K
(10.1%) | |
| Price Decreased | |||
| Apr 15, 2026 | Price Decreased |
$99,000
↓ $10K
(9.2%) | |
| Price Decreased | |||
Show More
Property Highlights
Exterior Details
Lot Features: City Lot, Private, Rectangular Lot, Split Possible, Wooded
Lot Size Area: 1.91
Lot Size Units: Acres
Lot Size Acres: 1.91
Lot Size Square Feet: 83199.6
Lot Size Dimensions: 468x27x59x22x101x41 x333x76x41x59x50x36
Water Source: Public
Financial Details
Tax Assessed Value: $116,400
Tax Annual Amount: $1,154
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 Durham
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Listed by: Nicholas Huscroft, Chosen Real Estate Group
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10145286
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10145286
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