$385,000
●
House -
Off Market
3320 Alabama Avenue
Durham, NC 27705
3 Beds
2 Baths
1,410 Ft²
$2,064
Est. Monthly
About This Property
Want a little slice of your very own Sweet Home Alabama? This
little ranch gem will have you singing, Lord, I'm coming home to
you! You will love the spacious updated eat-in kitchen, with ample
counter space and loads of cabinetry. Full laundry room (appliances
included!) just off the kitchen keeps the day-to-day chore tucked
away. Ideal ranch layout includes three bedrooms, including an en
suite primary, two baths, lovely light-filled living room,
and an incredible over-sized dining room. Outside, the backyard
includes so much patio space that backs up to woodland. This
little gem is nestled close to where Alabama dead-ends. Detached
out-building offers so many possibilities, including upfitting to a
workshop, a studio-you decide! Quiet location still offers quick
access to I-85, all things downtown Durham. 50 year shingle roof
installed in 2016.
Unit Size
1,410 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$266
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1968
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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 #10127977)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Listed by Inhabit Real Estate | $375,000 | |
| Listed by Inhabit Real Estate | |||
| Oct 5, 2016 | Sold | ||
| Sold | |||
| Sep 6, 2016 | Listed by Inhabit Real Estate | $198,500 | |
| Listed by Inhabit Real Estate | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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About Durham
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Listed by: Rebecca S Ives, Inhabit Real Estate
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10127977
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10127977
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