2009 Carolina Avenue
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Listed by Urban Durham Realty | $325,000 | |
| Listed by Urban Durham Realty | |||
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Welcome to your peaceful retreat on Carolina Avenue, located in the Warren Park area of the Watts-Hillandale neighborhood. This lovingly cared for home greets you with beautiful flower beds, blueberry bushes and a custom stone walkway. Pull into your driveway and take advantage of the recently installed EV charger. Step into your large east facing living room, which provides amazing sunlight during all times of the day. Throughout this house you will find smooth ceilings and gorgeous hardwood floors. There are four bedrooms with the middle bedroom currently functioning as a dining room, giving you great floor plan flexibility. As you move to the back of the house, enjoy the relaxation of nature as you sit under an incredible ancient oak tree, on your shaded screened porch. In the fenced in backyard area, the current owner has built a tailor-made chicken coop, ready for your hens and fresh eggs. There is also a custom shed that can be used to park a car or simply used for storage or as a work space. This home's location gives you so much living flexibility, just down the street from Westover park and W Ellerbe Creek Trail, also close to the historic Hillandale Golf Club. There is an array of restaurants, retail and grocery stores within a 5 minute drive and quick access to highway 85 and downtown Durham!
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| May 28, 2015 | Sold | ||
| Sold | |||
| Jun 9, 2014 | Listed by Premier Advantage Realty Inc | $119,900 | |
| Listed by Premier Advantage Realty Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017