$382,500
↓ $7K (1.7%)
●
House -
For Sale
2201 Otis Street
Durham, NC 27707
4 Beds
3 Baths
1,705 Ft²
$2,159
Est. Monthly
About This Property
Thoughtfully updated and designed for how people actually live,
this four-bedroom home offers open-concept living with seamless
flow between the kitchen, dining, and living areas. The renovated
kitchen features granite countertops, a farmhouse sink, gas range,
and a layout that keeps everything connected.
A first-floor primary suite provides privacy and comfort with an updated en-suite bath and generous closet space. Three additional large bedrooms offer flexibility for guests, home offices, roommates or growing needs-rarely found at this size and price point.
Updated bathrooms throughout, plus a large fenced backyard with patio, create a home that works both inside and out.
Located in College Heights, a historic Durham neighborhood developed alongside what is now North Carolina Central University, with easy access to downtown Durham and major corridors.
A first-floor primary suite provides privacy and comfort with an updated en-suite bath and generous closet space. Three additional large bedrooms offer flexibility for guests, home offices, roommates or growing needs-rarely found at this size and price point.
Updated bathrooms throughout, plus a large fenced backyard with patio, create a home that works both inside and out.
Located in College Heights, a historic Durham neighborhood developed alongside what is now North Carolina Central University, with easy access to downtown Durham and major corridors.
Unit Size
1,705 Ft²
Days on Market
292 days
Land Size
0.14 acres
Price per sqft
$224
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1955
Listed By
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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 #10140351)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2026 | Price Decreased |
$382,500
↓ $7K
(1.7%) | |
| Price Decreased | |||
| Mar 20, 2026 | Price Decreased |
$389,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Feb 16, 2026 | Price Decreased |
$399,000
↓ $16K
(3.9%) | |
| Price Decreased | |||
| Jan 27, 2026 | Price Decreased |
$415,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Cornerstone Properties | $424,900 | |
| Listed by Cornerstone Properties | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Has Carport
Parking Features: Carport, Driveway, Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Flooring Type: Carpet, Laminate, Luxury Vinyl
Rooms: 7
Exterior Details
Square Footage: 1705
Architectural Style: Traditional
Year Built: 1955
Building Area Total: 1705
Levels: Two
Construction Materials: Brick Veneer, Vinyl Siding
Patio and Porch Features: Patio
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Lot Size Square Feet: 6098
Water Source: Public
Financial Details
Tax Map Number: 01
Tax Assessed Value: $339,765
Tax Annual Amount: $3,368
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Forced Air, Heat Pump
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Durham
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Listed by: Dale Moody, Cornerstone Properties
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10140351
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10140351
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