2508 Albany Street
About This Property
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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 |
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| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 1, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed by LPT Realty, LLC | $275,000 | |
| Listed by LPT Realty, LLC | |||
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Charming Ranch-Style Bungalow Near Duke University **turnkey investment potential** and **high-demand location**
Welcome to this delightful 2-bedroom, 1-bath ranch-style bungalow nestled in the heart of Durham, just minutes from Duke University and Duke University Hospital. Perfectly positioned near shopping, dining, and vibrant city life, this home offers both comfort and convenience.
Step inside to find an inviting open kitchen that seamlessly connects to the living and dining areas—ideal for entertaining or relaxed everyday living. Natural light fills the space, highlighting the bungalow's warm charm and thoughtful layout.
Enjoy outdoor living with a spacious backyard and a generous deck—perfect for summer barbecues, gardening, or simply unwinding after a long day. Whether you're a first-time buyer, investor, or looking to downsize near one of Durham's most sought-after areas, this home checks all the boxes.
Don't miss your chance to own a piece of Durham's charm just steps from the best the city has to offer!
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| Apr 8, 2025 | Listed | $294,900 | |
| Listed | |||
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This 2 bed/1 bath home is adorable from start to fine finishes. Every detail has been meticulously attended to in its updates. The home is perfect for anyone looking for a one story home located close to downtown, hospitals, restaurants, shopping & more. The kitchen is filled with natural wood walls, flooring, bar area & butcher block countertops. The front porch is perfect with wood flooring and wonderful sitting area to enjoy your morning coffee. There is shed for storage in the back or use your imagination?? This must see home offers loads of potential as an Investment Property or as a cozy family home - Either way, the real winner is you!!
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| Jul 14, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017