217 Hood St - Apartments FOR SALE


Durham, NC 27701- City Center Durham
$1,500,000 USD
980-233-1490
217 Hood St, Durham, NC for Sale
$1,500,000 USD
Apartments - FOR SALE
1/28
null | 5.9% Cap Rate


HIGHLIGHTS

  • Downtown Walkable Location
  • Unique Mixed-Use Property
  • Stabilized Income Producing Asset

OVERVIEW

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. Originally a historic residence, 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

217 Hood St (Mixed-Use)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,443 SF

ZONING

DD-S1

APN/PARCEL ID

102875

ASK ABOUT THIS PROPERTY

Gabe GorelickBetter Realty LLCMore Info
980-233-1490

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Gabe GorelickBetter Realty LLCMore Info
980-233-1490

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