217 Gresham Avenue
About This Property
The sought-after main-floor primary suite offers true convenience with a double vanity bath and walk-in closet. Upstairs, two additional bedrooms--each with its own private ensuite bathroom--provide a rare level of privacy, alongside a conveniently located laundry closet.
Outside, the fully fenced backyard and large patio offer a private oasis for weekend gatherings or playing fetch with your dog. A rare find that combines easy living, impeccable quality, and the best of Durham right at your fingertips.
The lifestyle extends beyond your front door. Situated just one block from the 30-acre Northgate Park, you'll have immediate access to tennis courts, the greenway, and vast open green space. Enjoy being just a half-mile from the Museum of Life and Science and only two miles from the heart of Downtown Durham's world-class dining and entertainment.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Listed by Compass -- Raleigh | $535,000 | |
| Listed by Compass -- Raleigh | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017