$249,900
●
House -
For Sale
511 Commonwealth Street
Durham, NC 27703
3 Beds
1 Bath
1,033 Ft²
$1,425
Est. Monthly
About This Property
Beautifully updated ranch home featuring new engineered wood floors
throughout the main living areas and new carpet in the bedrooms.
The kitchen has been refreshed with new quartz countertops, a
stylish tile backsplash, and stainless steel appliances. The
bathroom has been updated with a custom quartz vanity and tile
floors, adding a fresh, contemporary touch. With thoughtful updates
and modern finishes, this home offers comfortable, move-in-ready
living.
Unit Size
1,033 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$242
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1955
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 7 hours ago (TMLS #10200135)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | Listed by Grow Local Realty, LLC | $249,900 | |
| Listed by Grow Local Realty, LLC | |||
| Sep 27, 2025 | Price Decreased |
$219,000
↓ $20K
(8.4%) | |
| Price Decreased | |||
| Aug 11, 2025 | Price Decreased |
$239,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed | $249,000 | |
| Listed | |||
| | |||
|
Wonderful opportunity to own this 3 bedroom, 1 bath home just minutes outside of downtown Durham! Convenient access to everything the city has to offer, as well as quick commute times to RTP and RDU. This home is clean and ready for someone to come along and make it their own!
| |||
| May 18, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Concrete, Driveway
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Walk-In Closet(s), Bathtub/Shower Combination, Kitchen/Dining Room Combination, Primary Downstairs, Quartz Counters, Smooth Ceilings
Appliances: Dishwasher, Electric Range, Microwave
Flooring Type: Carpet, Luxury Vinyl, Tile
Laundry Features: Electric Dryer Hookup, Laundry Room, Washer Hookup
Rooms: 6
Exterior Details
Square Footage: 1033
Property Condition: Updated/Remodeled
Architectural Style: Ranch
Year Built: 1955
Building Area Total: 1033
Levels: One
Construction Materials: Aluminum Siding
Patio and Porch Features: Covered, Front Porch
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5227
Water Source: Public
Financial Details
Tax Map Number: 85
Tax Assessed Value: $232,860
Tax Annual Amount: $2,367
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Nicholas S Yarrington, Grow Local Realty, LLC
Last Updated: 7 hours ago
Data Source: TMLS, MLS# 10200135
Last Updated: 7 hours ago
Data Source: TMLS, MLS# 10200135
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017