2701 Lawndale Avenue
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 |
|---|---|---|---|
| Aug 29, 2025 | Listed | $549,000 | |
| Listed | |||
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This beautifully renovated property that expertly blends modern design with a clean, classic feel. This home is a fantastic opportunity, whether you're looking for a move-in ready residence or a prime investment property. This home is currently being operated as a successful Airbnb, offering a proven income stream for any potential investor. Because of its current use, we kindly ask for your cooperation in scheduling showings to accommodate the guests. The location is truly unbeatable. Situated in a rapidly growing area, this home is close to Downtown Durham, Research Triangle Park (RTP), and Duke University. Its proximity to these key locations makes it a highly desirable spot for anyone who wants to live in the heart of the action or an investor seeking a secure and growing asset. With an acceptable offer, the sellers are willing to consider selling the home fully furnished, making it an even more enticing opportunity for a seamless transition, whether you're moving in or continuing its use as a short-term rental. This property truly offers the best of both worlds: a stunning, modern living space and a prime investment.
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| Mar 13, 2025 | Price Decreased |
$590,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Mar 4, 2025 | Price Decreased |
$599,900
↓ $100
(0%) | |
| Price Decreased | |||
| Jan 27, 2025 | Listed | $600,000 | |
| Listed | |||
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Updated 3BR/2BA corner-lot cottage in the wonderful Old West Durham neighborhood! This charming home features beautiful hardwood floors, fresh white paint throughout, and updated light fixtures. The kitchen boasts granite countertops, adding both style and functionality. Enjoy fantastic outdoor spaces, including a welcoming front porch, a spacious rear deck, and a fenced-in yard. Conveniently located just blocks from 9th Street and Duke East Campus, only a few miles from downtown Durham, and with easy access to Hwy 147 and I-85.
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| Oct 22, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017