INNOVATE Real Estate
PXL_20260925_160004197.jpg - 706 Colfax Street, Durham, NC 27701, Durham
PXL_20260925_155717007.jpg - 706 Colfax Street, Durham, NC 27701, Durham
706 Colfax Street.jpg - 706 Colfax Street, Durham, NC 27701, Durham
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11 photos

$269,900

706 Colfax Street, Durham, NC 27701
Durham, NC 27701
Listed by David Bermel · West & Woodall Real Estate - D
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1970

About this home

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.

Property details

MLS
Doorify MLS
MLS #
10197911
Property type
Duplex
Subdivision
Not in a Subdivision
Status
Active
Days on market
20
On market date
September 28, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.15 acres

Location

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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.

Elementary
Pearsontown Elementary
3.54 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
729
Student:teacher ratio
13.3:1
District
Durham Public Schools
Middle
Rogers-Herr Middle
2.43 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
642
Student:teacher ratio
14.9:1
District
Durham Public Schools
High
C E Jordan High
5.63 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,939
Student:teacher ratio
17.6:1
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).

81
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores5
Parks12
Schools16
Transit stops20
Pharmacies0

Market position

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

On the market 20 days -- 100 fewer days than Durham's current average of 120 days.
For reference, the median list price across 1,686 active listings in Durham right now is $375,000.

Mortgage calculator

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Est. monthly payment
$1,775/mo
$53,980 down
$215,920 loan
Principal & interest$1,400
Property tax (est.)$225
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 7 days ago.

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.