$315,000
●
House -
Off Market
811 Avalon Road
Durham, NC 27704
3 Beds
2 Baths
1,344 Ft²
$1,700
Est. Monthly
6.95%
Cap Rate
About This Property
Step inside this charming 3-bedroom, 2-bathroom home offering 1,344
square feet of comfortable living space on a generous 1.14-acre
lot. With no HOA and NO CITY TAXES, this property gives you the
flexibility and value you've been searching for. The inviting
rocking chair front porch creates a warm welcome, while the
screened back porch provides a perfect spot to relax and enjoy the
outdoors year-round. Inside, the home features a functional layout
that balances comfort and everyday convenience.
Outside, you'll find plenty of extras to make life easier, including a workshop, two storage sheds, and a chicken coop. Whether you need room for tools, storage, hobbies, or small-scale homesteading, this property has the space and setup to make it possible. The 1.14-acre lot offers ample room for gardening, play, or future projects.
Located in Durham, this home provides a great balance of space, functionality, and convenience-close to shopping, dining, schools, and commuter routes.
Outside, you'll find plenty of extras to make life easier, including a workshop, two storage sheds, and a chicken coop. Whether you need room for tools, storage, hobbies, or small-scale homesteading, this property has the space and setup to make it possible. The 1.14-acre lot offers ample room for gardening, play, or future projects.
Located in Durham, this home provides a great balance of space, functionality, and convenience-close to shopping, dining, schools, and commuter routes.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$231
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
1988
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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 years ago (TMLS #10121071)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Listed by Coldwell Banker HPW | $310,000 | |
| Listed by Coldwell Banker HPW | |||
Property Highlights
Air Conditioning
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
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Bonnie Lou Hernandez, Coldwell Banker HPW
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10121071
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10121071
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