(864) 362-2375
$395,000
314 Wake Place, Durham, NC 27701
3Beds
1Baths
1,281SQFT
0.11Acres
1920YearYear Built
About This Home
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!
Location
Key Facts
Status: Active
Type: Residential
Neighborhood: Not in a Subdivision
Annual Taxes: $3,342
HOA Fees: $0
MLS: Doorify
MLS #: 10174850
Features
Single Family Residence
Mortgage Calculator
$1,997Estimated monthly payment
Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.
History
Current list price: $395,000
Status: Active — For Sale
Recent change: Price reduced
Days on market: 70
Last updated: Aug 28, 2026
Schools
Loading assigned schools…
Listing courtesy of Coldwell Banker HPW
Source MLS #: 10174850
Last updated: Aug 28, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.