Griffin Associates Realtors
Listed by Griffin Associates Realtors
$2,300,000
2201 Tampa Ave
Details
APN 243795
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,184
Price per SqFt $1,943
Year Built 2026
Stories 2
Parking Spaces 2 spaces
Parking per 1,000 SqFt 1.69
Multifamily
Marketing description
Five-home new construction portfolio being sold as one package. Addresses included: (1) 2205 Tampa, (2) 2203 Tampa B, (3) 2203 Tampa A, (4) 2201 Tampa C, (5) 2201 Tampa B Priced below individual appraised value — five newly built rental homes available as one portfolio near Duke University and Downtown Durham. One home recently appraised at $490,000, while the full package is offered at $2,300,000, or approximately $460,000 per home. Two homes are currently leased at $2,400/month each, with the remaining homes available for long-term rental, short-term rental, or resale. Strong location for Duke-related rental demand, Downtown Durham access, and long-term appreciation. Rare opportunity to acquire multiple new-construction homes together with low maintenance and 1031 exchange appeal.
Investment highlights
- Flooring: Vinyl
- Common walls with other units/homes: No Common Walls
- Total spaces: 2
- Parking features: On Site
- Uncovered spaces: 2
- Price per square foot: $1,943/sqft
- Date on market: 6/22/2026
- Lease term: 12 Months
Listing Contacts
Griffin Associates Realtors
Listed by Griffin Associates Realtors
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