3203 Stanford Drive
About This Property
The rocking chair front porch, bathed in the gentle morning light, makes that first sip of coffee tastes even more delicious. Inside, the home offers a smart layout featuring three bedrooms and two bathrooms across 1,569 square feet of inviting space. The living area, filled with golden light, flows seamlessly into a kitchen and dining space that captures the warm evening glow. A bedroom that makes a great office along with a full bath complete the main level.
You'll love the rich hardwood floors throughout the home (no carpet anywhere). The open kitchen and dining area lead out to your private deck - the perfect spot to quietly unwind or host a casual barbecue with friends.
Located in the inviting University Heights community, you're just a stone's throw from downtown Durham's vibrant dining and nightlife scenes. Getting to Duke, UNC or RDU is a breeze! Take a moment to breathe, relax, and enjoy the timeless appeal of Stanford Drive. Welcome home!
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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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Price Decreased |
$450,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Oct 24, 2025 | Listed by Compass -- Chapel Hill - Durham | $469,500 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| Oct 13, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017