$992,000
●
House -
Off Market
813 Burch Avenue
Durham, NC 27701
3 Beds
2 Baths,
1
Half Bath
2,305 Ft²
$5,408
Est. Monthly
1.76%
Cap Rate
About This Property
This alluring Victorian was built in 1907 for Joshua Melvin, a
salesman at the Burch-Gorman Shoe Store in downtown Durham. Local
builder Miles Honeycutt and Sara Lachenman with Four-Over-One
Design created a sensitive revitalization of the home in 2011,
exposing and restoring intricately carved newel posts, bead-board
ceilings, and tiled coal-burner fireplace surrounds. The present
owners added a massive screened porch with vaulted ceiling and
wraparound deck to optimize backyard enjoyment. The home is across
the street from Burch Avenue Park, a quick stroll to the busline,
Duke's East Campus, downtown, Co-op, or 9th Street. The deep front
porch extends the full length of the house, and the driveway offers
an electric car charger. If you are looking to reduce your carbon
footprint while increasing your cool house credibility, 813 Burch
is your gem.
Unit Size
2,305 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$430
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1920
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Cap Rate Calculator
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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 #10096362)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed by Inhabit Real Estate | $992,000 | |
| Listed by Inhabit Real Estate | |||
| Aug 11, 2021 | Sold | ||
| Sold | |||
| Jun 22, 2021 | Listed by Inhabit Real Estate | $738,000 | |
| Listed by Inhabit Real Estate | |||
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Property Highlights
Parking Available
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Burch Avenue
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Listed by: Tammi Brooks, Inhabit Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10096362
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10096362
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