$150,000
●
Land -
For Sale
906 Ardmore Drive
Durham, NC 27713
Studio
0 Bath
$828
Est. Monthly
About This Property
Rare chance to own nearly two-thirds of an acre in one of Durham's
fastest-growing corridors, priced at just $150,000. While neighbors
are building new construction all around you, this lot sits ready
for your vision: a custom home, an investment build, or a land hold
in a market that keeps climbing. Located in the Ardmore Hills
neighborhood of South Durham, you're minutes from RTP, Duke, and
I-40, putting buyers, renters, and future value all within reach.
New construction on this very street. the upside here is
real. Whether you're a builder, developer, or savvy individual
investor, this is the kind of opportunity that doesn't sit long in
the Triangle market. Bring your plans and make it yours.
Unit Size
-
Days on Market
248 days
Land Size
0.64 acres
Price per sqft
-
Property Type
Land
Property Taxes
$91
HOA Dues
-
Year Built
-
Listed By
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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: 21 days ago (TMLS #10148090)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2026 | Listed by WINLAND GROUP LLC | $150,000 | |
| Listed by WINLAND GROUP LLC | |||
| Dec 3, 2021 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Lot Size Area: 0.64
Lot Size Units: Acres
Lot Size Acres: 0.64
Lot Size Square Feet: 27878
Lot Size Dimensions: TBA
Water Source: See Remarks, Need Well
Financial Details
Tax Map Number: 09
Tax Assessed Value: $110,700
Tax Annual Amount: $1,097
Utilities Details
Sewer : Public Sewer
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
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Sold On
Sold On
HOA + Taxes
About Durham
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Listed by: Mynor Contreras Martinez, WINLAND GROUP LLC
Last Updated: 21 days ago
Data Source: TMLS, MLS# 10148090
Last Updated: 21 days ago
Data Source: TMLS, MLS# 10148090
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