$300,000
●
House -
Off Market
301 Monk Road
Durham, NC 27704
3 Beds
1 Bath
919 Ft²
$1,791
Est. Monthly
6.63%
Cap Rate
About This Property
Discover endless possibilities with this unique property nestled
just minutes from the heart of Durham! This cozy 3-bedroom, 1-bath
home sits on a beautiful 0.78-acre lot, with three additional
parcels included - totaling 2.14 acres of serene, wooded land.
Whether you're an investor seeking your next project or a
first-time homebuyer looking to make a house your own, this is the
opportunity you've been waiting for.
The classic single-story home features rustic charm with a wood exterior, a welcoming front porch, and plenty of yard space for expansion or recreation. Step outside to a peaceful, natural setting surrounded by mature trees - perfect for privacy, play, or future development.
Prime Location Highlights:
5 miles to Downtown Durham
2.8 miles to I-85 access
0.8 miles to Northern High School
With its unbeatable location and potential for multiple uses - from personal residence to investment property - this is a rare find in today's market.
Bring your vision and make this property your own!
The classic single-story home features rustic charm with a wood exterior, a welcoming front porch, and plenty of yard space for expansion or recreation. Step outside to a peaceful, natural setting surrounded by mature trees - perfect for privacy, play, or future development.
Prime Location Highlights:
5 miles to Downtown Durham
2.8 miles to I-85 access
0.8 miles to Northern High School
With its unbeatable location and potential for multiple uses - from personal residence to investment property - this is a rare find in today's market.
Bring your vision and make this property your own!
Unit Size
919 Ft²
Days on Market
-
Land Size
2.14 acres
Price per sqft
$365
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1955
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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: 2 years ago (TMLS #10110293)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Jul 18, 2025 | Listed by eXp Realty, LLC - C | $335,000 | |
| Listed by eXp Realty, LLC - C | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Durham
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Listed by: Adam Noe, eXp Realty, LLC - C
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10110293
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10110293
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