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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Durham, NC
Rental Income
Listed for sale 1 day ago
$ 305,000
ROI
22.8
Cash Flow/m
258- 3 Bed
- 3 Bath
- 1540 sft
929 Morreene Rd APT C23, Durham, NC, 27705
Listed for sale 5 days ago
$ 175,000
ROI
24.6Cash Flow/m
237- 1 Bed
- 1 Bath
- 555 sft
1309 Hudson Ave #5, Durham, NC, 27705
$ 205,000
ROI
20.0Cash Flow/m
17- 2 Bed
- 2 Bath
- 1030 sft
600 Audubon Lake Dr APT 4C31, Durham, NC, 27713
$ 155,000
ROI
22.0Cash Flow/m
94- 1 Bed
- 1 Bath
- 1474 sft
600 Audubon Lake Dr APT 2C21, Durham, NC, 27713
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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