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28 Gorham Place
About This Property
Tucked among towering pines on a quiet cul-de-sac, this traditional Southern-style home offers timeless character just minutes from Duke Hospital, downtown Durham, and Duke Forest. Inside, hardwoods flow throughout, with a spacious primary suite on the main level. The large kitchen is filled with natural light from generous windows and a solar tube. Upstairs, two bedrooms each feature en suite baths, plus a versatile bonus room accessed by a charming back staircase. Outside, a large deck overlooks a wooded yard, complete with a fully wired workshop for hobbies or storage. With a new HVAC (2023/2025), this home is ready for you.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| May 17, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by Nest Realty of the Triangle | $690,000 | |
| Listed by Nest Realty of the Triangle | |||
| May 3, 2022 | Sold | ||
| Sold | |||
| Mar 25, 2022 | Listed by Nest Realty of the Triangle | $599,000 | |
| Listed by Nest Realty of the Triangle | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017