314 Wake Place - 314 Wake Place, Durham, NC 27701, Durham
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Walk to Everything! - 314 Wake Place, Durham, NC 27701, Durham
livingroom - 314 Wake Place, Durham, NC 27701, Durham
livingroom - 314 Wake Place, Durham, NC 27701, Durham
dining - 314 Wake Place, Durham, NC 27701, Durham
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kitchen - 314 Wake Place, Durham, NC 27701, Durham
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bedroom 1 - 314 Wake Place, Durham, NC 27701, Durham
bedroom 1 - 314 Wake Place, Durham, NC 27701, Durham
bed2 - 314 Wake Place, Durham, NC 27701, Durham
bed 3 - 314 Wake Place, Durham, NC 27701, Durham
backdoor and laundry - 314 Wake Place, Durham, NC 27701, Durham
bathroom - 314 Wake Place, Durham, NC 27701, Durham
Potential backyard - 314 Wake Place, Durham, NC 27701, Durham
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Potential backyard - 314 Wake Place, Durham, NC 27701, Durham
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Location! Location! Location! - 314 Wake Place, Durham, NC 27701, Durham
Potential front landscaping - 314 Wake Place, Durham, NC 27701, Durham
all_floors_314_wake_place_durham_with_di - 314 Wake Place, Durham, NC 27701, Durham
23 photos

$395,000

314 Wake Place, Durham, NC 27701
Durham, NC 27701
Listed by Colleen Patricia Pirozzi · Coldwell Banker HPW
Bedrooms
3
Bathrooms
1
Living area
N/A
Year built
1920

About this home

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!

Property details

MLS #
10174850
Property type
Single Family Residence
Subdivision
Not in a Subdivision
Status
Active
Days on market
113
On market date
June 18, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.11 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Eastway Elementary
0.75 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
420
Student:teacher ratio
10.2:1
District
Durham Public Schools
Middle
Lucas Middle
7.49 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
420
Student:teacher ratio
10.5:1
District
Durham Public Schools
High
City of Medicine Academy
3.25 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
352
Student:teacher ratio
14.1:1
District
Durham Public Schools

Walkability

Blended score for Durham's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools20
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Durham, from live MLS data.

On the market 113 days -- 3 more days than Durham's current average of 110 days.
For reference, the median list price across 1,678 active listings in Durham right now is $375,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,529/mo
$79,000 down
$316,000 loan
Principal & interest$2,050
Property tax (est.)$329
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 28, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.