$427,000
●
House -
Off Market
3003 Banner Street
Durham, NC 27704
3 Beds
2 Baths
1,200 Ft²
$2,224
Est. Monthly
About This Property
Durham's got character, funk, and grit, but most of its new builds
and flips don't. Enter 3003 Banner Street into the chat - Modernist
new construction thoughtfully designed inside and out by architect
Chad Wilkins and executed to perfection. Inviting and open floor
plan, complete with a vaulted main living space, sprawling master
suite on the first floor and spacious upstairs bedrooms.
Compromised finishes? Nope - site finished hardwoods, Marvin
windows, black misty honed granite countertops, fiber cement
siding, and polished lighting. Just as great outside - inviting
back deck in your own private fenced backyard oasis. Designated
laundry room and the Washer/Dryer stack is already set up for you!
Spray foam insulation and sealed crawl. Nicely perched in Colonial
Village, walk to the hot spots - Redstart Foods, Omie's Coffee,
Taquerias, Northgate Park, Ellerbe Creek Trail, Museum of Life and
Sciences, and Kings for groceries. Short car ride downtown - you're
in the heat of the action here in Colonial Village!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$366
Property Type
House
Property Taxes
$68
HOA Dues
-
Year Built
-
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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: 12 months ago (TMLS #10128240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2025 | Listed by Nest Realty of the Triangle | $439,000 | |
| Listed by Nest Realty of the Triangle | |||
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About Durham
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Listed by: Kenneth Martin Jackson, Nest Realty of the Triangle
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10128240
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10128240
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