$415,000
●
House -
Off Market
205 Nelson Street
Durham, NC 27707
3 Beds
2 Baths,
1
Half Bath
1,233 Ft²
$437,950
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Welcome to 205 Nelson Street! This new construction home is nestled
in an established neighborhood just outside of downtown Durham.
This light filled home is inviting with 10 ft
ceilings and vivid white walls. The main level has an
impressive quartz waterfall island perfect to showcase an enticing
holiday dinner. While the balcony off the primary suite
offers that special place to reflect and take in a
morning sunrise. Enjoy nature even more with access to the
American Tobacco trial just around the corner. You'll
never to miss brunch or the big game, downtown Durham is minutes
away. DPAC, Research Triangle Park, Duke, NCCU, and
other entertainment venues are easily accessible. This home
and location have what you want, schedule your tour
today! Buyer incentive available with use of preferred lender.
Unit Size
1,233 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$337
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
-
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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 years ago (TMLS #2471419)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 22, 2022 | Sold | ||
| Sold | |||
| Aug 29, 2022 | Listed by Engel & Volkers Raleigh | $415,000 | |
| Listed by Engel & Volkers Raleigh | |||
Property Highlights
Parking Available
Air Conditioning
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
Similar Homes for Sale
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Listed by: Precious Allen, Engel & Volkers Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2471419
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2471419
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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