406 E Markham Avenue
About This Property
The interior offers 3 bedrooms, 2.5 baths, and 2,140 square feet of updated living space, including a finished basement that works well as a third bedroom, office or flexible bonus area. The home also features a laundry room, two fireplaces, and a sunroom that is heated and cooled for comfortable year round use.
A one car garage and a new roof installed in 2021 add convenience and peace of mind. Classic details shine throughout, including gleaming hardwood floors, tile kitchen countertops, and timeless architectural elements that make the home both elegant and livable.
Outside, the backyard feels like a private sanctuary with two ponds, a stone patio, and a cascading waterfall. It is a rare and tranquil retreat just steps from downtown Durham, Duke's East Campus, and the vibrant Duke Park neighborhood. This home offers historic character, thoughtful updates, and an exceptional location all in one.
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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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Price Decreased |
$550,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$570,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Mar 14, 2026 | Price Decreased |
$595,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017