About This Home

This 3-bedroom, 1-bathroom single family at 314 Wake Place in Durham, NC is listed for $395,000 ($308 per sqft). Built in 1920, the home offers 1,281 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1920
  • 0.11 acre lot

Property Details

1 story
1 full
1920

Amenities

A/C
Listing Description

MOTIVATED SELLER! Bring all offers! **INVESTOR ALERT in the Heart of Durham!** This charming 3-bedroom, 1-bath bungalow offers endless possibilities for investors and homeowners alike. Currently tenant-occupied at $1,850/month, the property is being successfully operated as a full-time Airbnb with a long, proven history of strong rental performance and consistent income.

Keep the current tenant in place and start generating immediate cash flow, continue its use as a short-term or long-term rental, or make it your own personal residence. The fenced backyard provides plenty of space for pets, entertaining, gardening, or simply relaxing outdoors.

Ideally situated in a vibrant Durham location, you'll enjoy being within walking distance of popular restaurants, local breweries, and neighborhood parks. Plus, you're just a 4-minute drive from the Durham Performing Arts Center (DPAC) and Durham Bulls Athletic Park. Whether you're looking to expand your investment portfolio or find a home in a highly desirable location, this property offers flexibility, income potential, and exceptional convenience. The possibilities are endless!

Monthly Cost Estimate

$2,113/mo

20% down · 6.5% · 30 years

Principal$286
Interest$1,712
Insurance$115

Estimates only. Actual payments may vary.

Location

314 Wake Place

Durham, NC 27701

Not in a Subdivision

Features & Amenities

Interior Features

Ceiling Fan(s)

Exterior Features

Fenced YardRain Gutters

Property Details

Flooring

Vinyl

Construction

Concrete

Outdoor Features

Porch

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 314 Wake Place is listed at $395,000 ($308/sqft). The estimated monthly payment is $2,112 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.11 acre lot. Interior Features: Ceiling Fan(s). Exterior Features: Fenced Yard, Rain Gutters.

This property is listed by Colleen Patricia Pirozzi.

CP

Colleen Patricia Pirozzi

Agent at Coldwell Banker Howard Perry and Walston

Listed by Coldwell Banker Howard Perry and Walston · Broker phone: (919) 789-5200 · View on Broker Site · Broker website

MLS# 10174850· Source: Doorify MLS· 130 days on PropertySimple

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

314 Wake Place, Durham, NC 27701

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