500 Spruce Street
About This Property
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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 |
|---|---|---|---|
| Aug 6, 2025 | Price Decreased |
$360,000
↓ $25K
(6.5%) | |
| Price Decreased | |||
| May 30, 2025 | Price Decreased |
$385,000
↓ $45K
(10.5%) | |
| Price Decreased | |||
| May 21, 2025 | Listed | $430,000 | |
| Listed | |||
| | |||
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This home is currently rented but still a great option for an investor. Step into this beautifully crafted home that seamlessly blends thoughtful design with modern luxury. Boasting two spacious en-suite bedrooms, each with generous closets and spa-like bathrooms, this home delivers comfort and convenience in every corner. The primary suite features a private balcony — perfect for morning coffee or winding down at sunset.
A versatile third bedroom on the main level can double as a home office, studio, or guest retreat, offering flexible living options to suit your lifestyle.
You'll fall in love with the gourmet kitchen, showcasing an oversized island, sleek quartz counter tops, soft-close, dovetail cabinetry, and a designer tile backsplash — all thoughtfully selected for style and function.
High-end finishes flow throughout the home, from luxe bathrooms to refined fixtures.
Located just a short stroll from East Durham's vibrant dining scene and downtown Durham, this is urban living at its best.
Don't miss your chance to own this exceptional home in one of Durham's most dynamic neighborhoods!
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| Mar 27, 2024 | Sold | ||
| Sold | |||
| Feb 22, 2024 | Listed by Nest Realty of the Triangle | $410,000 | |
| Listed by Nest Realty of the Triangle | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017