$395,000
 $2,120 est/mo Sourced by Back At You

314 Wake Place,Durham, NC 27701

Durham, NC 27701

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Description

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!

Details

MLS #10174850
Listing TypeFor Lease
StyleHouse
StatusActive
Year1920
Days On Site99
Listing Provided ByColdwell Banker HPW | Colleen Patricia Pirozzi

Features

Bed(s)3
Bath(s) 1 Total
SQ Feet1,281
Story(s)1
ZoningR-3
Acreage0.11

Interior

Interior FeaturesCeiling Fan(s)
Heating Yes / NoNo
Cooling Yes / NoYes
CoolingCentral Air
Fireplace Yes / NoNo
Laundry FeaturesInside, Laundry Room
Rooms Total1

Exterior

Exterior FeaturesFenced Yard, Rain Gutters
RoofShingle
Foundation DetailsConcrete, Crawlspace
Construction MaterialsConcrete
Security FeaturesSmoke Detector(s)
Patio And Porch FeaturesCovered, Front Porch, Porch

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Tax Assessed Value337126
Tax Legal DescriptionProp-Harris Joyce/Lt#04 Pl:000000-000000
Tax Year2026
Tax Map Number04

Area Information

StateNC
CountyDurham
CityDurham
Zip Code27701
AreaDurham
Community NameNot in a Subdivision
School DistrictDurham County Schools
Elementary SchoolDurham County Schools
High SchoolDurham County Schools
Listing VS Median (in Not in a Subdivision)
Price:
$395,000
low | high
Med:
$379,900
53.822784810127% of Average
sqft:
1,281
low | high
Med:
1,422
38.992974238876% of Average
$ / sqft:
$308
low | high
Med:
$267
63.359344122203% of Average
On site:
99
low | high
Med:
21
100% of Average
Sourced by Back At You

Market Activity 27701

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Learn More About This Property

StateNC
CountyDurham
CityDurham
Zip Code27701
AreaDurham
Community NameNot in a Subdivision
School DistrictDurham County Schools
Elementary SchoolDurham County Schools
High SchoolDurham County Schools
Listing VS Median (in Not in a Subdivision)
Price:
$395,000
low | high
Med:
$379,900
53.822784810127% of Average
sqft:
1,281
low | high
Med:
1,422
38.992974238876% of Average
$ / sqft:
$308
low | high
Med:
$267
63.359344122203% of Average
On site:
99
low | high
Med:
21
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $296K - $493K
sqft: 961 - 1,500
Nearby Listings Property ImageNearby Listings Details
416 Dowd Street Property Photo 1
$419,000
416 Dowd Street
Durham, NC 27701
507 Dowd Street Property Photo 1
$249,900
507 Dowd Street
Durham, NC 27701
Listing Updated: August 27, 2026 at 7:26:07 PM PDT