508 E Trinity Avenue
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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%.
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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 30, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | Listed by Urban Durham Realty | $415,000 | |
| Listed by Urban Durham Realty | |||
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Treasure on Trinity! Adorable 1950 bungalow with a classic cottage feel! Original hardwoods throughout most of the home, loads of natural light, spacious bedrooms and so much more! This 4BR, 1.5BA charmer has just enough blend of modern & retro - you will fall in love! Outdoor space abounds! Lovely raised deck overlooking a generous backyard - perfect for entertaining! Sweet covered front porch - great place to enjoy a crisp cool lemonade on warm summer days. Don't miss the raised crawlspace/basement under deck. Many options! Workshop, storage, studio - make it your own.Easy access to Downtown's farmer's market, restaurants and shops! Nothing could be finer!
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| Apr 12, 2025 | Price Decreased |
$415,000
↓ $14K
(3.3%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed | $429,000 | |
| Listed | |||
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Welcome home to this beautifully updated bungalow filled with charm, warmth, and timeless character, located just one mile from the heart of downtown Durham. This spacious 4-bedroom, 1.5-bath home strikes the perfect balance between classic features with modern touches throughout. It's nestled in one of the city's most walkable and thriving neighborhoods.
Natural light pours through the home, accentuating the original hardwood floors and a thoughtfully designed layout that feels both open and inviting. The kitchen offers stainless steel appliances, granite countertops, open shelving, new luxury vinyl plank flooring, and a separate dining area that serves as the perfect gathering place. Carefully curated finishes elevate both the comfort and style of the home. A new architectural shingle roof with a transferable warranty, a newer water heater, and refreshed light fixtures in the dining room, living room, and bedrooms create a fresh, updated atmosphere.
These improvements seamlessly complement the home's original finishes, providing modern durability while preserving its timeless charm. Step outside, and you will fall in love with its spacious back deck that overlooks a beautifully landscaped yard filled with mature trees. Your own peaceful oasis in the middle of the city. In addition, you will discover an enlarged walk-in crawl space that offers excellent storage and provides the potential for creative use.
This location is truly unbeatable. You're just a short stroll from Durham's most popular spots, including the farmer's market, Durham Central Park, Boxcar, DPAC, and an exciting mix of local coffee shops, breweries, and top-tier restaurants, including James Beard Finalists chefs. With quick access to Duke University, RTP, major highways, and the scenic Tobacco Trail, daily convenience meets weekend adventure. The neighborhood is friendly, walkable, and rapidly growing, with new developments all around.
Whether you're hosting a backyard gathering, enjoying a sunny afternoon on the deck, or heading out to explore downtown, this home offers the lifestyle and location you've been dreaming of.
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| Oct 12, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017