2209-2211 Morehead Ave Durham, NC 27707
Property details
About 2209-2211 Morehead Ave
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.
Highlights
Summary
- Full Bathrooms: 13
- Basement: Yes
- Flooring Type: Carpet, Hardwood, Luxury Vinyl
- Total Bedroom Count: 22
- Attached Garage: No
- Parking: On Site
- Heating: Central
- Cooling: Central Air
- List Price: $1,990,000
- Price/SqFt: $217
- Directions: Chapel Hill Road to Left on Morehead. Property is on the left.
- Year Built: 1960
- Living Area: 9,148 SqFt
- Lot Size: 1.01 Acres
- MLS Number: 10102564
- MLS Name: Doorify MLS
- Office Name: Compass -- Chapel Hill - Durham
- Office Phone: (919) 999-8482
- Office Email: brett.bushnell@compass.com
- Listing Agent: Ed W Billings, Brooke Gelhaus
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Last updated on: 7/1/2025, 10:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
7
Morehead Montessori Magnet Elementary School
Public Magnet KG-5
0.6 mi
•909 Cobb St
2
C.C. Spaulding Elementary School
Public District PK-5
0.8 mi
•1531 S Roxboro St
5
Eastway Elementary School
Public District PK-5
1.0 mi
•610 N Alston Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $16,058. Typical income of Durham, NC residents is less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC
Figure Skating
Mexican League Soccer
Where do the neighbors shop?
Family Dollar
Books-a-Million
Forever 21
Where do the neighbors go to eat?
Burger King
Church's Chicken
Dominos Pizza
What do the neighbors drive?
Buick
Cadillac
Toyota
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Hits
Frequently asked questions
About 2209-2211 Morehead Ave
The listing price of 2209-2211 Morehead Ave property is $1,990,000.
The property 2209-2211 Morehead Ave is a condo located in Durham, North Carolina, 27707.
Active Listing: 2209-2211 Morehead Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2209-2211 Morehead Ave are: Morehead Montessori Magnet Elementary School (GreatSchools Rating 7/10), C.C. Spaulding Elementary School (GreatSchools Rating 2/10), Eastway Elementary School (GreatSchools Rating 5/10), Healthy Start Academy (GreatSchools Rating 8/10), Global Scholars Academy (GreatSchools Rating 3/10), Central Park School for Child (GreatSchools Rating 4/10), J D Clement Early College High School (GreatSchools Rating 10/10), Durham School of the Arts (GreatSchools Rating 9/10), Durham's Performance Learning Center (GreatSchools Rating 2/10).
The property at 2209-2211 Morehead Ave has 22 bedrooms and 13 bathrooms.
The property 2209-2211 Morehead Ave is 9,148 SqFt (source: MLS/tax record).
The year of construction for 2209-2211 Morehead Ave is 1960.
This home is located at 2209-2211 Morehead Ave in Durham, NC and zip code 27701 in the Southside / Saint Teresa neighborhood. This 9,148 square foot home, which was built in 1960, sits on a 1.01 acre lot. Features: 22 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $1,990,000.
In June 2025, from all listings sold in Durham, NC there were more than 87 sold above asking price, over 173 sold below and more than 80 were sold right at the asked price. The number of homes for sale in Durham, NC increased by 0.3% between May and June 2025. While the average time on the market in June 2025 was 31 days, the median list price was $424,428.