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2209-2211 Morehead Avenue, Durham, NC

$1,990,000

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22

Beds

13

Baths

9,148

Square feet

1.01

Acres

About 2209-2211 Morehead Avenue

Investor Opportunity - Renovated MF Near Duke | 5.5% Cap | Stable Rents + Upside Charming, fully leased multifamily asset less than 1 mile from Duke University, offering strong in-place cash flow and a 5.6% cap rate. Unit mix includes rare 3BR/2BA and 2BR/2BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades, drainage improvements, modernized kitchens/baths, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add levers.

Features of 2209-2211 Morehead Avenue

MLS® # 10102564
Price $1,990,000
Bedrooms 22
Bathrooms 13.00
Full Baths 13
Square Footage 9,148
Acres 1.01
Year Built 1960
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 2209-2211 Morehead Avenue
Subdivision Not in a Subdivision
City Durham
County Durham
State NC
Zip Code 27707

Amenities

Parking Spaces 8
Parking On Site
Is Waterfront No
Has Pool No

Interior

Heating Central
Cooling Central Air
Fireplace No
Stories Three Or More, Two
Has Basement Yes
Basement Daylight

Exterior

Roof Shingle
Construction Brick Veneer
Foundation Brick/Mortar

Additional Information

Date Listed June 12th, 2025
Zoning RS-M
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass -- Chapel Hill - Durham

Listing Map

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