Condo Investment Properties for Sale in Durham, NC
Listed for sale 1 day ago
$ 218,000
ROI
27.4
Cash Flow/m
463- 2 Bed
- 2 Bath
- 1020 sft
600 Audubon Lake Dr APT 10B31, Durham, NC, 27713
$ 300,000
ROI
21.6Cash Flow/m
152- 4 Bed
- 3 Bath
- 1804 sft
4101 Five Oaks Dr Unit 32, Durham, NC, 27707
$ 163,500
ROI
24.4Cash Flow/m
210- 1 Bed
- 1 Bath
- 576 sft
1309 Hudson Ave APT F11, Durham, NC, 27705
$ 188,500
ROI
28.3Cash Flow/m
448- 1 Bed
- 1 Bath
- 576 sft
1309 Hudson Ave APT F12, Durham, NC, 27705
Why Invest in Durham, North Carolina?
Durham, NC offers strong investment potential in the condo market, driven by the Research Triangle's job growth and university presence. Condo investors benefit from rising rental demand amid low vacancy rates. Average rents hold steady around $1,800 monthly, with cap rates near 5.5%. Annual appreciation averages 3%, supported by population influx. Renter-occupied units exceed 45%, ensuring reliable cash flow for multifamily plays.
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, Durham condos offer solid returns with 5.5% cap rates and strong renter demand from universities and tech workers. Low vacancy supports steady cash flow. Appreciation trends at 3% annually enhance long-term value.
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