$314,000
●
House -
Off Market
2002 B Riddle Road
Durham, NC 27713
3 Beds
2 Baths,
1
Half Bath
1,278 Ft²
$1,921
Est. Monthly
About This Property
MODERN HOME PERFECT FOR Investors, first time home buyers or anyone
wanting to be in the heart of the city- This is a home that blends
sleek modern design with the charm and character that makes Durham
so special. Enjoy an open-concept floor plan featuring beautiful
luxury vinyl plank flooring throughout both the main and upper
levels. The stylish kitchen shines with quartz countertops,
offering a clean, contemporary space perfect for everyday living
and entertaining. Large, modern windows fill the home with abundant
natural light, creating a bright and inviting atmosphere. Enjoy
having a bedroom on the main level. The primary suite includes a
private en-suite bathroom with double vanity sinks, adding both
comfort and convenience. Step outside onto the balcony with your
favorite beverage and unwind. Extra convenience-Refrigerator,
Stacker Washer and Dryer convey. For investors, this home is a
fantastic opportunity- for rental income ($1950 last rental June
2026) and is in move in condition. Ideally located just minutes
from some of Durham's most popular destinations, including the
Durham Bulls Athletic Park, Tobacco Road Sports Cafe, Bull
CityBurger and Brewery, and the Durham Performing Arts Center.
Outdoor lovers will appreciate the nearby American Tobacco Trail
and local dog parks. With easy access to major highways and
Raleigh-Durham International Airport, this home offers the perfect
balance of convenience, style, and affordability. NO HOA.
Move in ready!
Unit Size
1,278 Ft²
Days on Market
105 days
Land Size
0.31 acres
Price per sqft
$250
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1960
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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: 3 days ago (TMLS #10179457)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Sold | ||
| Sold | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Increased |
$320,000
↑ $235K
(276.5%) | |
| Price Increased | |||
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by Julie Wright Realty Group LLC | $85,000 | |
| Listed by Julie Wright Realty Group LLC | |||
   | |||
|
Great opportunity for a builder or investor looking for a shovel-ready project in a highly desirable Durham location. Much of the heavy lifting has already been completed, including the building permit, survey, and plans (see attached documents). This is the final remaining lot in a four-home small development, with three homes already completed. The development is designed around a shared driveway that is already in place and legally recorded by easement (see attached). The location is excellent—situated directly along the American Tobacco Trail, just over one mile from North Carolina Central University (NCCU) and less than four miles from Downtown Durham. With the permitting, planning, and infrastructure already in place, this property offers an opportunity for a quick build-and-sell strategy or a build-and-hold investment for long-term rental income. An ideal opportunity to step into a partially completed development with the major groundwork already done. .
| |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
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ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Stacy Slone, Keller Williams Elite Realty
Last Updated: 3 days ago
Data Source: TMLS, MLS# 10179457
Last Updated: 3 days ago
Data Source: TMLS, MLS# 10179457
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.
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