22092211 Morehead Avenue

Off Market

22092211 Morehead Avenue

Durham NC 27707

9148 sq. ft.

43995.6 sq. ft.

Apartment

Last sold for $1,405,000

Ed Billings, last sold this property on 14 May 2026 after 335 days on market.

Overview

Investor Opportunity - Renovated MF Near Duke | 6.75 Cap | Stable Rents | 9 Units 2 Buildings with 9 units less than 1 mile from Duke University and Downtown Durham, offering strong in-place cash flow and a 6.75% 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.

Features

22 bedrooms

13 bathrooms

9148 sq. ft. floor area

43995.6 sq. ft. lot size

Apartment

Estimated Value

We need at least 3 similar 22 bedroom apartments sold in Durham over the last 12 months.

Property history for 22092211 Morehead Avenue

2026

Sold

$1,405,000

14 May 2026 by Ed Billings, of Compass -- Durham

Happy sellers in Durham

87%

87% of sellers in Durham reported that their sale price either exceeded or met their price expectations.

Durham stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Durham over the last 12 months.

Local market activity for 22 bedroom apartments in Durham

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Durham for a market analysis.

Ian Kipp

at Berkshire Hathaway HomeServices

(4 reviews)

Get a market analysis

MAYA GALLETTA

at RE/MAX United - Cary

(300 reviews)

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DeAnn Mershon

at NorthGroup Real Estate

(8 reviews)

Get a market analysis

Lynn Nilssen

at Real Estate Experts

(9 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Durham

Ian Kipp

Ian Kipp is an award winning recommended agent for Durham. They have 2 local sales and collected 2 local reviews across the last 12 months.

5 (4 reviews)
2 Reviews in Durham
2 Sales in Durham

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MAYA GALLETTA

Sellers who recommend MAYA GALLETTA have praised them for being local expert, responsive, clear communication, supportive, patient, reliable, and dedicated