107 Hilton Ave - Apartments FOR SALE


Durham, NC 27707- West End Durham
$1,250,000 USD
919-493-0395
107 Hilton Ave, Durham, NC for Sale
$1,250,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

107 Hilton Ave
Durham, NC 27707
West End Durham


HIGHLIGHTS

  • Fully leased multifamily asset positioned for long-term income stability.
  • Two well-maintained buildings with garage parking and updated systems.
  • Central Durham location offering quick access to Downtown, Duke, NCCU, and major highways.
  • Recent property improvements supporting low near-term capital needs.
  • Strong surrounding population and household growth reinforcing sustained rental demand.

OVERVIEW

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. No showings until offer accepted.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,206 SF

ZONING

R-8

APN/PARCEL ID

107677

ASK ABOUT THIS PROPERTY

Brad GregoryPickett Sprouse Commercial Real EstateMore Info
919-493-0395

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Brad GregoryPickett Sprouse Commercial Real EstateMore Info
919-493-0395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.