About This Home

This 4-bedroom, 2-bathroom multi-family at 706 Colfax Street in Durham, NC is listed for $269,900 ($180 per sqft). Built in 1970, the home offers 1,500 sqft of living space on a 0.15 acres lot.

Key Features

  • Built in 1970
  • 0.15 acre lot

Property Details

1 story
2 full
1970

Amenities

A/C
Listing Description

Investment Opportunity - Turnkey Durham Duplex with Immediate Cash Flow! Excellent opportunity to acquire a fully tenanted, low-maintenance 2-unit residential property just minutes from Downtown Durham and NCCU. Two 2-bedroom, 1-bathroom units. Currently generating $1,900/month in gross rental income ($950/side) with a strong history of consistent occupancy and marketability.

Surrounded by recently built and in progress new construction homes. A excellent addition to any real estate portfolio. Roof replaced in 2024. Detailed maintenance and improvement breakdown in MLS docs.

Monthly Cost Estimate

$1,443/mo

20% down · 6.5% · 30 years

Principal$195
Interest$1,170
Insurance$79

Estimates only. Actual payments may vary.

Location

706 Colfax Street

Durham, NC 27701

Not in a Subdivision

Features & Amenities

Interior Features

Ceiling Fan(s)Stone Counters

Exterior Features

Rain Gutters

Property Details

Flooring

WoodCarpetVinylLaminate

Construction

Brick Masonite

Parking

Garage

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

DryerElectric RangeFree-Standing Electric RangeFree-Standing RangeFree-Standing RefrigeratorMicrowaveRangeRefrigeratorWasherWasher/Dryer Stacked

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 706 Colfax Street is listed at $269,900 ($180/sqft). The estimated monthly payment is $1,444 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 0.15 acre lot. Interior Features: Ceiling Fan(s), Stone Counters. Exterior Features: Rain Gutters.

This property is listed by David Bermel.

DB

David Bermel

Agent at West & Woodall Real Estate

Listed by West & Woodall Real Estate · Broker phone: (919) 382-2000 · View on Broker Site · Broker website

MLS# 10195266· Source: Doorify MLS· 34 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.

706 Colfax Street, Durham, NC 27701

Open this listing in: