$486,000
●
House -
Off Market
511 Hugo Street
Durham, NC 27704
3 Beds
2 Baths
1,551 Ft²
$2,661
Est. Monthly
About This Property
Completely reimagined and renovated down to the studs in 2015-2016,
this stunning Colonial Village home seamlessly blends mid-century
character with modern design and efficiency. The open-concept floor
plan features vaulted ceilings, abundant natural light, wide-plank
European white oak flooring, and a spacious living area centered
around a fireplace. The custom kitchen showcases Executive
Cabinetry, GE Cafe appliances, induction cooktop, designer
finishes, and thoughtful storage throughout. The luxurious primary
suite offers a spa-inspired bath with marble finishes and a
floor-to-ceiling zero entry Grohe rain shower. Major updates
include all-new electrical, plumbing, HVAC, roof, gutters, tankless
water heater, Marvin Integrity windows, spray-foam insulation, and
structural improvements. Outside, enjoy a rear deck, fenced yard,
garden beds, storage shed, and expanded green space. Conveniently
located near downtown Durham, Duke, RTP, shopping, dining, and
parks, this is a rare opportunity to own a thoughtfully renovated
home where virtually every major system has been updated.
Unit Size
1,551 Ft²
Days on Market
82 days
Land Size
0.20 acres
Price per sqft
$319
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
1959
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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: 2 months ago (TMLS #10173480)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Price Decreased |
$495,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by Nest Realty of the Triangle | $515,000 | |
| Listed by Nest Realty of the Triangle | |||
| Dec 12, 2014 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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About Durham
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Listed by: Jeff Goldman, Nest Realty of the Triangle
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10173480
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10173480
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