423 Eugene Street
About This Property
Inside, the open-concept design is filled with natural light and chefs dream kitchen featuring quartz countertops, stainless steel appliances, subway tile backsplash, sleek cabinetry, and a spacious center island. Durable luxury vinyl plank flooring runs throughout, creating a clean, modern aesthetic that's both stylish and low maintenance. Upstairs, comfortable bedrooms and a thoughtfully designed primary suite provide functional everyday living, while the wooded backdrop offers a surprising sense of privacy this close to the city center.
For owner-occupants seeking newer construction without stretching into higher price brackets, or investors targeting a strong rental corridor near Downtown Durham and NCCU, this property checks the boxes. With major systems only a few years old, the benefits of newer construction mean lower maintenance and long-term appeal. Modern build. Prime Durham location. Competitive price. Opportunities like this in 27701 don't come around often. 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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Mar 15, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Listed by Keller Williams Elite Realty | $309,900 | |
| Listed by Keller Williams Elite Realty | |||
| Aug 4, 2023 | No longer available | - | |
| No longer available | |||
| Jun 23, 2023 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017