2201 Tampa Avenue, Durham, NC 27705

$2,140,000
Property Type: Residential Income Bedrooms: 3 Baths: 3 Square Footage: 1,184 Lot Size (sq. ft.): 2,178 Status: Active
Current Price: $2,140,000 List Date: 6/22/2026 Last Modified: 10/11/2026

Overview

Description

Price improved to $2,140,000 ($428,000/home). Five new-construction (2026) detached single-family homes near Duke University and Downtown Durham, offered as one portfolio: 2201 Tampa B, 2201 Tampa C, 2203 Tampa A, 2203 Tampa B and 2205 Tampa. Three homes leased July 2026 at $2,400, $2,500 and $2,400/month; two vacant homes ready to lease. Stabilized at current rents: $142,800/yr gross and $114,488 NOI after taxes and insurance (5.35% cap). Four 3 BR/3 BA homes and one 2 BR/2.5 BA. No shared walls, no HOA, 2 parking spaces on each lot, tenants pay all utilities. Low-maintenance new construction with strong Duke-area rental demand. 1031 exchange buyers welcome. Investor packet and rent roll available on request.

Listing Details MLS# 10175586

General Property Information

Number Of Units Total
5
Above Grade Finished Area
1184
Below Grade Finished Area
0
Living Area
1184
Total Unfinished Area
0
Lot Size Acres
0.05
Lot Size Square Feet
2178
Association YN
No
Open Parking YN
Yes
Open Parking Spaces
2
Basement YN
No
Stories
2
Units Furnished
None

Contract Information

Estimated Completion Date
2026-01-01
Lease Term
12 Months
Comp Sale YN
No
Years Owned
1 or More Year(s)
Property Leased YN
Yes
Lease Expiration Date
2027-06-30
Original MLS
Triangle MLS Inc

Location, Tax, and Legal

Lot Number
5
Country
US
City Limits Of
Durham
City Limits YN
Yes
Restrictive Covenants YN
No

Status Change Information

Status Change Timestamp
2026-06-22

Architectural Style

Contemporary
Yes

Common Walls

No Common Walls
Yes

More Information

Construction Materials

HardiPlank Type
Yes
Lap Siding
Yes

Cooling

Heat Pump
Yes

Flooring

Luxury Vinyl
Yes

Foundation Details

Block
Yes

Heating

None
Yes

Levels

Two
Yes

Parking Features

On Site
Yes

Possession

Close Of Escrow
Yes

Property Condition

New Construction Description
Spec Home
Framed
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Architectural Shingle
Yes

Sales Options

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
Other
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Seller Licensed Real Estate Professional
Yes
Standard
Yes

Structure Type

House
Yes

Subscriber Confirmation

Subscriber Created Text
Yes
Subscriber Took Photos
Yes

Water Source

Public
Yes

Owner Pays

Insurance
Yes
Other Tax
Yes

Tenant Pays

All Utilities
Yes

Unit Details

Number Of Units Leased
2
Number Of Units Vacant
3

Unit One

Actual Rent
2400
Furnished
Unfurnished
Garage Attached YN
No
Garage Spaces
0
Levels
Two
Unit Type
3 Bedroom
Units Total
4
Above Grade Finished Area
1184
Below Grade Finished Area
0
Deck
Yes
Dining Room
Yes
Dishwasher
Yes
Disposal
Yes
Kitchen
Yes
Living Room
Yes
Porch
Yes
Range
Yes
Refrigerator
Yes
Washer/Dryer Hookups
Yes

Unit Two

Actual Rent
2400
Furnished
Unfurnished
Garage Attached YN
No
Garage Spaces
0
Levels
Two
Unit Type
3 Bedroom
Units Total
4
Above Grade Finished Area
1184
Below Grade Finished Area
0
Deck
Yes
Dining Room
Yes
Dishwasher
Yes
Disposal
Yes
Kitchen
Yes
Living Room
Yes
Porch
Yes
Range
Yes
Refrigerator
Yes
Washer/Dryer Hookups
Yes

Unit Three

Actual Rent
0
Furnished
Unfurnished
Garage Attached YN
No
Levels
Two
Unit Type
3 Bedroom
Units Total
4
Above Grade Finished Area
1184
Deck
Yes
Dining Room
Yes
Dishwasher
Yes
Disposal
Yes
Kitchen
Yes
Living Room
Yes
Range
Yes
Refrigerator
Yes
Washer/Dryer Hookups
Yes

Unit Four

Actual Rent
0
Furnished
Unfurnished
Garage Attached YN
No
Garage Spaces
0
Levels
Two
Unit Type
3 Bedroom
Above Grade Finished Area
1184
Deck
Yes
Dining Room
Yes
Dishwasher
Yes
Disposal
Yes
Kitchen
Yes
Living Room
Yes
Porch
Yes
Refrigerator
Yes
Washer/Dryer Hookups
Yes

Showing Requirements

Lockbox
Yes
IDX
Listing Office: Griffin Associates REALTORS
Source MLS Verified
Office Phone: 919-383-2595
Last Updated: October - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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