Log In/Sign Up
Your email has been sent.
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
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
217 Hood St (Mixed-Use) | 217 Hood St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.