Description
Price improved to $2,140,000 ($428,000/home). Five new-construction (2026) detached single-family homes near Duke University and Downtown Durham, offered as one portfolio: 2201 Tampa B, 2201 Tampa C, 2203 Tampa A, 2203 Tampa B and 2205 Tampa. Three homes leased July 2026 at $2,400, $2,500 and $2,400/month; two vacant homes ready to lease. Stabilized at current rents: $142,800/yr gross and $114,488 NOI after taxes and insurance (5.35% cap). Four 3 BR/3 BA homes and one 2 BR/2.5 BA. No shared walls, no HOA, 2 parking spaces on each lot, tenants pay all utilities. Low-maintenance new construction with strong Duke-area rental demand. 1031 exchange buyers welcome. Investor packet and rent roll available on request.
Details
| MLS # | 10175586 |
|---|---|
| Listing Type | For Lease |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2026 |
| Days On Site | 126 |
| Listing Provided By | Griffin Associates REALTORS | Ezequiel Espitia |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,184 |
| Story(s) | 2 |
| Acreage | 0.05 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Heat Pump |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Hardi Plank Type, Lap Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27705 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $2,140,000 low | high Med: $310,000 sqft: 1,184 low | high Med: 1,808 $ / sqft: $1,807 low | high Med: $171 On site: 126 low | high Med: 16 | |
Market Activity 27705
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Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27705 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| Listing VS Median (in Not in a Subdivision) | |
Price: $2,140,000 low | high Med: $310,000 sqft: 1,184 low | high Med: 1,808 $ / sqft: $1,807 low | high Med: $171 On site: 126 low | high Med: 16 | |