$690,000
●
House -
Off Market
811 Lancaster Street
Durham, NC 27701
2 Beds
2 Baths,
1
Half Bath
1,682 Ft²
$558,565
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Ideally located in Trinity Heights, Durham within a block from Duke
University's east campus, and close to Watts Elementary, Whole
Foods, 9th St. Shopping, Central Park and downtown Durham. This
home boasts historic charming architecture with an iconic Southern
front porch and large backyard. Enter the house through a large
foyer with high ceilings and heartwood pine flooring throughout
most of the house. There are fireplaces in the spacious living
room, kitchen, and two bedrooms. The primary bedroom has a wall of
bay windows, a cedar closet, and a half bath. There is a bonus
study room off the primary bedroom with a bay window seat
overlooking the back garden. The large full bath has a walk-in
dual-head shower and an iconic large clawfoot tub. The kitchen is a
chef's delight and features brand-new stainless appliances and
quartz counters. Adjoining the kitchen is a sunny dining area that
leads to the lovely backyard garden. This charming historic home is
a rare find in Durham.
Unit Size
1,682 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$326
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1935
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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 #2501199)
Price History
Property Highlights
Air Conditioning
Fireplace
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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Sold On
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HOA + Taxes
About Trinity Heights
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Listed by: Chris M Culbreth, Tony Hall & Associates
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2501199
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2501199
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