$230,000
↓ $5K (2.1%)
●
House -
For Sale
304 Red Oak Avenue
Durham, NC 27707
2 Beds
1 Bath
789 Ft²
$1,302
Est. Monthly
About This Property
New Price! Charming, light-filled, and move-in ready -- this
2-bedroom, 1-bath home offers character and thoughtful updates in
Durham's established Oakwood Park neighborhood. The original
hardwood floors have been beautifully refinished, while the updated
kitchen and bathroom and fresh interior paint give the home a
refreshed feel. Major improvements include full-house rewiring
(2023), the addition of a tankless gas water heater (2024),
replaced HVAC compressor and air handler (2023). The detached
garage and floored attic provide valuable extra storage. Enjoy easy
access to Durham bus routes, the American Tobacco Trail, and
downtown Durham. The spacious backyard offers room to entertain,
gather around a fire pit, or explore the potential for future
expansion. A wonderful opportunity to enjoy a well-maintained home
with both simple comfort and possibilities!
Unit Size
789 Ft²
Days on Market
22 days
Land Size
0.17 acres
Price per sqft
$292
Property Type
House
Property Taxes
$172
HOA Dues
-
Year Built
1950
Listed By
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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: 7 days ago (TMLS #10198628)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2026 | Price Decreased |
$230,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Oct 15, 2026 | Listed by Flex Realty | $235,000 | |
| Listed by Flex Realty | |||
| Apr 6, 2023 | Sold | ||
| Sold | |||
| Mar 3, 2023 | Listed by Flex Realty | $210,000 | |
| Listed by Flex Realty | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Driveway, Garage, On Street
Garage Spaces: 1
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Laminate Counters, Storage, Bathtub/Shower Combination
Appliances: Dishwasher, Electric Range, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked
Flooring Type: Hardwood, Tile
Laundry Features: In Kitchen, Inside
Rooms: 5
Exterior Details
Square Footage: 789
Security Features: Smoke Detector(s)
Property Condition: Updated/Remodeled
Architectural Style: Bungalow, Ranch
Year Built: 1950
Building Area Total: 789
Levels: One
Other Structures: Garage(s), Shed(s)
Window Features: Blinds, Double Pane Windows, Screens
Construction Materials: Brick
Patio and Porch Features: Awning(s)
Lot Features: Back Yard, Gentle Sloping
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Water Source: Public
Financial Details
Tax Map Number: 08
Tax Assessed Value: $203,159
Tax Annual Amount: $2,065
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric, Heat Pump
Heating Type: Central, Heat Pump, 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
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Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Robby Nash, Flex Realty
Last Updated: 7 days ago
Data Source: TMLS, MLS# 10198628
Last Updated: 7 days ago
Data Source: TMLS, MLS# 10198628
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