608 Canal Street
About This Property
Picture slow mornings on the front porch and easy evenings out back--this 1920 bungalow invites you to settle into a rhythm that just feels good. With 3 bedrooms and 2 baths, the home blends timeless character with thoughtful updates, creating spaces that are both inviting and functional.
Inside, the renovated kitchen (2017) with classic subway tile flows into warm, light-filled living spaces, anchored by hardwood floors installed in 2022. Out back, a private deck, fenced yard, and shed offer the kind of flexibility that fits real life--whether you're hosting friends, gardening, or simply unwinding at the end of the day.
And while the charm is what you'll notice first, the behind-the-scenes work adds real peace of mind: all new ductwork, boots, and registers (2025), furnace updates (2025), crawlspace encapsulation with bio-clean (2025), and a standing seam metal roof on the back room (2024).
All of this, just minutes from the heart of downtown Durham--local restaurants, breweries, coffee shops, and everything that makes this part of the city so special.
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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 26, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Price Decreased |
$450,000
↓ $39K
(8%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by Nest Realty of the Triangle | $489,000 | |
| Listed by Nest Realty of the Triangle | |||
| Jan 26, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017