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2201 Tampa Ave, Durham, NC, 27705

3beds
3baths
1,184sqft
$2,300,000
$1,943price/sqft
$14,146/moest. monthly cost
$565,840/yrincome needed

About This Home

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.

Getting Around

36
WalkingCar-Dependent
36
TransitSome Transit
55
BikeBikeable

Schools

6/10
E K Powe ElementaryGrades PK-51.0 mi
5/10
Brogden MiddleGrades 6-81.4 mi
3/10
Riverside High SchoolGrades 9-122.9 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: HardiPlank Type,Lap Siding

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Single Family Residence,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,184
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: None
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,184
  • Total interior livable area: 1,184 sqft

Property

Details

  • Parcel number: 243795
  • Special condition: Seller Licensed Real Estate Professional,Standard

Features

  • Levels: Two
  • Stories: 2
  • Has view: Yes

Lot

  • Lot size: 2,178 sqft

Parking

  • Total spaces: 2
  • Parking features: On Site
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Inland Flooding

FEMA Declared Disasters in Durham County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,630$139,560
Home Insurance *$764$9,168
Property Taxes $1,552$18,624
Electricity $200$2,405
Total$14,146$169,752
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$485,005/yr
40% on housing$424,380/yr
45% on housing$377,226/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,943This listing

vs Other Active Listings

Avg $/sqft

ZIP 27705$195
Durham County$200

vs Homes Sold Last Month

Median $/sqft

ZIP 27705$257
Durham County$231

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-22Listed for sale$2,300,000

New Construction

AgentEzequiel Espitia
BrokerageGriffin Associates REALTORS

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