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217 Hood St (Mixed-Use) 217 Hood St 4 Unit Apartment Building $1,425,000 ($356,250/Unit) 6.21% Cap Rate Durham, NC 27701
INVESTMENT HIGHLIGHTS
- Downtown Walkable Location
- Stabilized Income Producing Asset
- Unique Mixed-Use Property
EXECUTIVE SUMMARY
A rare opportunity to own a one-of-a-kind, fully renovated mixed-use building in the heart of Downtown Durham in a highly walkable location. Located in the highly sought-after Design District (DD-S1), 217 Hood Street seamlessly blends historic charm with modern design. The property features four beautifully finished 2-bedroom residential units and a third-floor commercial office suite, all thoughtfully crafted with high-end finishes and timeless architectural details.
The third-floor suite is currently leased to BETTER (owned and operated by the seller) through 3/31/2026 and includes a full kitchen, two private offices, a conference room, and two ADA-compliant bathrooms. Rent and extension terms are negotiable, offering flexibility for investors or owner-occupants.
The building has been meticulously restored to provide both comfort and character. Each residential unit boasts hardwood floors, designer kitchens, custom tilework, in-unit laundry, and private outdoor space, including expansive porches and balconies—delivering a level of quality rarely found in multifamily assets.
The third-floor suite is currently leased to BETTER (owned and operated by the seller) through 3/31/2026 and includes a full kitchen, two private offices, a conference room, and two ADA-compliant bathrooms. Rent and extension terms are negotiable, offering flexibility for investors or owner-occupants.
The building has been meticulously restored to provide both comfort and character. Each residential unit boasts hardwood floors, designer kitchens, custom tilework, in-unit laundry, and private outdoor space, including expansive porches and balconies—delivering a level of quality rarely found in multifamily assets.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 835 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 102875 | Total Assessment | $1,124,635 |
| Land Assessment | $261,360 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $863,275 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
102875
Land Assessment
$261,360
Improvements Assessment
$863,275
Total Assessment
$1,124,635
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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217 Hood St (Mixed-Use) | 217 Hood St
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