39
Map
$350,000
●
House -
In Contract
2520 Elgin Street
Durham, NC 27704
2 Beds
1 Bath
1,026 Ft²
$2,006
Est. Monthly
About This Property
Welcome to 2520 Elgin St, a dreamy 2-bedroom, 1-bath gem styled
after a classic Swedish cottage that blends Scandinavian warmth
with crisp modern living. Located directly across from Northgate
Park, this updated retreat offers parkside peace just minutes from
Downtown Durham. Inside, you'll find original hardwood floors,
granite countertops, stainless appliances, and a stylish
double-vanity bath. Outdoors, the generous yard features fruit
trees, a storage shed, rain barrels, and an irrigation system
perfect for summer hangs or garden projects. Complete with Ring
security equipment, tankless gas water heater, 2018 HVAC, and zero
HOA fees, this one-of-a-kind home is ready for you. And high-speed
internet is available from AT&T, Spectrum and Frontier. Reach
out today to schedule your tour!
Unit Size
1,026 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$341
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1950
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: 16 days ago (TMLS #10197254)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2026 | In contract | - | |
| In contract | |||
| Oct 8, 2026 | Listed by Space Exchange Realty | $350,000 | |
| Listed by Space Exchange Realty | |||
| Nov 28, 2018 | Sold | ||
| Sold | |||
| Oct 7, 2018 | Listed by Space Exchange Realty | $215,000 | |
| Listed by Space Exchange Realty | |||
| Sep 19, 2011 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
With View
Parking Details
Has Open Parking
Parking Features: Gravel
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Double Vanity, Granite Counters, High Speed Internet, Bathtub/Shower Combination, Smooth Ceilings
Appliances: Dishwasher, Dryer, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Tankless Water Heater, Washer
Flooring Type: Hardwood, Tile, Vinyl
Laundry Features: Gas Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Rooms: 7
Basement: Block, Crawl Space, Exterior Entry, French Drain, Sump Pump
Exterior Details
Square Footage: 1026
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Property Condition: Updated/Remodeled
Architectural Style: Ranch
Year Built: 1950
Building Area Total: 1026
Levels: One
Other Structures: Shed(s), Storage
Window Features: Blinds, Double Pane Windows
Construction Materials: Brick
Patio and Porch Features: Front Porch, Patio
Lot Features: Back Yard, City Lot, Few Trees, Front Yard, Garden, Level, Rectangular Lot, Flood Plains
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Lot Size Dimensions: 50x194x51x202
Water Source: Public
Financial Details
Tax Map Number: 14
Tax Assessed Value: $338,507
Tax Annual Amount: $3,440
Utilities Details
Cooling Type: Attic Fan, Central Air, Electric
Heating Type: Central, Natural Gas
Sewer : Public Sewer
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 Northgate Park
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Listed by: Kitty Stockton, Space Exchange Realty
Last Updated: 16 days ago
Data Source: TMLS, MLS# 10197254
Last Updated: 16 days ago
Data Source: TMLS, MLS# 10197254
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