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107 Hilton Ave 8 Unit Apartment Building $1,250,000 ($156,250/Unit) Durham, NC 27707
Investment Highlights
- Fully leased multifamily asset positioned for long-term income stability.
- Central Durham location offering quick access to Downtown, Duke, NCCU, and major highways.
- Strong surrounding population and household growth reinforcing sustained rental demand.
- Two well-maintained buildings with garage parking and updated systems.
- Recent property improvements supporting low near-term capital needs.
Executive Summary
107 and 109 Hilton Avenue present a compelling multifamily investment opportunity in the heart of Durham, offering stable income, strong operational fundamentals, and long-term upside in one of the region’s most resilient rental markets. Situated within an established residential neighborhood just minutes from Downtown Durham, Duke University, NCCU, and the Durham Freeway, the property benefits from consistently high rental demand driven by education, healthcare, and research employment centers.
The asset comprises two well-maintained apartment buildings with a total of eight fully leased units, each configured with two apartments on the first level and two on the second. A highly desirable feature, both buildings include garage space beneath them, adding resident convenience and supporting tenancy stability. Recent improvements such as new water heaters and targeted interior updates enhance operational efficiency while preserving future value-add pathways.
Durham continues to experience strong demographic expansion, with steady population and household growth projected through 2029 within one-, three-, and five-mile radii. The property’s centralized location places residents within easy access of the Durham Freeway and Hwy 501, enabling quick commutes to RTP, Downtown Durham, UNC Chapel Hill, and RDU International Airport. These regional connectivity advantages reinforce long-term occupancy strength and capitalize on the Triangle’s expanding economic base.
With all units separately metered for power and fully leased, the property provides immediate income performance while offering investors the optionality to enhance value through further interior updates, rent realignment, or long-term hold strategies. This multifamily asset aligns well with investors seeking stable returns, durable location fundamentals, and entry into one of North Carolina’s highest-growth markets.
Interior photos and building layout sketches are available within the marketing brochure for additional review.
The asset comprises two well-maintained apartment buildings with a total of eight fully leased units, each configured with two apartments on the first level and two on the second. A highly desirable feature, both buildings include garage space beneath them, adding resident convenience and supporting tenancy stability. Recent improvements such as new water heaters and targeted interior updates enhance operational efficiency while preserving future value-add pathways.
Durham continues to experience strong demographic expansion, with steady population and household growth projected through 2029 within one-, three-, and five-mile radii. The property’s centralized location places residents within easy access of the Durham Freeway and Hwy 501, enabling quick commutes to RTP, Downtown Durham, UNC Chapel Hill, and RDU International Airport. These regional connectivity advantages reinforce long-term occupancy strength and capitalize on the Triangle’s expanding economic base.
With all units separately metered for power and fully leased, the property provides immediate income performance while offering investors the optionality to enhance value through further interior updates, rent realignment, or long-term hold strategies. This multifamily asset aligns well with investors seeking stable returns, durable location fundamentals, and entry into one of North Carolina’s highest-growth markets.
Interior photos and building layout sketches are available within the marketing brochure for additional review.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $156,250 | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 7,568 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Etna St |
| Zoning | R-8 - Residential | ||
| Price | $1,250,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 7,568 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.85/1,000 SF |
| Cross Streets | Etna St |
| Zoning | R-8 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
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Property Taxes
| Parcel Number | 107677 | Improvements Assessment | $936,236 |
| Land Assessment | $560,000 | Total Assessment | $1,496,236 |
Property Taxes
Parcel Number
107677
Land Assessment
$560,000
Improvements Assessment
$936,236
Total Assessment
$1,496,236
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