2209-2211 Morehead Ave
Description
2 Buildings with 9 units less than 1 mile from Duke University, offering strong in-place cash flow and a 6.2% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, and selective interior renovations (hardwoods, appliances,...Investor Opportunity - Renovated MF Near Duke | 6.2% Cap | Stable Rents | 9 Units
2 Buildings with 9 units less than 1 mile from Duke University, offering strong in-place cash flow and a 6.2% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, 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.
Property Details for 2209-2211 Morehead Avenue
Property Details for 2209-2211 Morehead Avenue
| Status | Active |
|---|---|
| MLS # | 10102564 |
| Days on Market | 176 |
| Taxes | $12,565 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Apartment |
| Year Built | 1960 |
| Lot Size | 1.01 AC / 43,995 SF |
| County | Durham County |
Location
Listing Courtesy of: .
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Building Information for 2209-2211 Morehead Avenue
Payment Calculator
$9,640 per month
30 year fixed, 6.28% Interest
$8,593
$1,047
$0
Property Information for 2209-2211 Morehead Avenue
- Zoning: RS-M
- Directions: Chapel Hill Road to Left on Morehead. Property is on the left.
- Subdivision Name: Not in a Subdivision
- Latitude: 35.99194
- Longitude: -78.93013
- Association: No
- Tax Annual Amount: $12,565.00
- City Limits Of: Durham
- City Limits YN: Yes
- Lot Number: 18 & 19
- Restrictive Covenants YN: No
- Lease Expiration Date: 2025-12-31
- Original MLS: Triangle MLS Inc
- Property Leased YN: Yes
- Years Owned: 2
- Open Parking: Yes
- Parking Features: On Site
- Attached Garage: No
- Building Area Total: 9148.0
- Total Other Area Sq Ft: 0
- Number Of Buildings: 2
- Parcel Number: 0821056967 and 0821055967
- Structure Type: Multi Family
- New Construction: No
- Photos Count: 59
- Below Grade Finished Area: 1828.0
- Below Grade Finished Area Units: Square Feet
- Sewer: Public Sewer
- Water Source: Public
- Water_Sewer: Public, Public Sewer
- Construction Materials: Brick Veneer
- Foundation Details: Brick/Mortar
- Pool Private: No
- Roof: Shingle
- New Construction Type: Brick Veneer, Multi Family
- Levels: Three Or More, Two
- Basement Description: Daylight
- Flooring: Carpet, Hardwood, Vinyl
- Cooling: Central Air
- Cooling?: Yes
- Heating: Central
- Heating?: Yes
- Interior: On Site, Brick Veneer
- Equipment: On Site
- Total Units: 9
- Property Type: Residential Income
- Property Class Name: CrossProperty
- Lease Term: Other
- Unit One: Baths Total: 1.0
- Unit One: Beds Total: 2.0
- Unit Two: Baths Total: 2.0
- Unit Two: Beds Total: 3.0
- Unit Three: Baths Total: 1.0
- Unit Three: Beds Total: 2.0
- Unit Four: Baths Total: 1.0
- Unit Four: Beds Total: 2.0
Property History for 2209-2211 Morehead Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 17, 2025 | Price Change TRIANGLEMLS #10102564 | $1,739,000 | — |
| Jun 12, 2025 | Listed (Active) TRIANGLEMLS #10102564 | $1,990,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/17/2025 | Price Change TRIANGLEMLS #10102564 | $1,739,000 |
| 06/12/2025 | Listed (Active) TRIANGLEMLS #10102564 | $1,990,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2209-2211 Morehead Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lakewood Elementary PublicPK to 5 | ||
Morehead Montessori PublicPK to 5 | ||
Lakewood Montessori Middle School Public6 to 8 | ||
Charles E Jordan Sr High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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