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2323 Farthing St, Durham, NC, 27704

2beds
1baths
926sqft
$235,000
$254price/sqft
$1,672/moest. monthly cost
$66,880/yrincome needed

About This Home

Affordable opportunity in Durham! Currently rented month to month at a below market rate. This 1940s cottage offers lots of potential for the right buyer. Built in the 1940s, it has the charm of the era with arched doorways and hardwood floors. Sale includes two additional lots giving a new owner .75 acre to work with. For the creative and patient owner-occupant or developer, the potential is there! Potential for an ADU addition. Rents in the neighborhood are in the $1400-$1800 range. In 2026, extensive work was completed to floor system per engineering specs giving you a solid foundation to work from. Additional work in includes fresh exterior paint and repairs. Tenants need at least 24 hour notice.

Getting Around

59
WalkingSomewhat Walkable
34
TransitSome Transit
73
BikeVery Bikeable

Schools

9/10
5/10
Brogden MiddleGrades 6-81.0 mi
3/10
Riverside High SchoolGrades 9-124.4 mi

Construction

Condition

  • Year built: 1940

Materials

  • Roof: Asphalt
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow, Cottage
  • Property subType: Single Family Residence,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood,Linoleum,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 926

Heating & Cooling

  • Heating features: Central
  • Cooling features: Electric,Wall/Window Unit(s)

Interior Area

  • Total structure area: 926
  • Total interior livable area: 926 sqft

Property

Details

  • Parcel number: 109177
  • Zoning: R-5
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes

Lot

  • Lot size: 0.75 Acres
  • Features: Flood Plains

Parking

  • Parking features: Driveway

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

  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Heat Wave
Inland Flooding
Lightning
Strong Wind
Tornado
Winter Weather

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 $1,188$14,256
Home Insurance *$93$1,116
Property Taxes $191$2,292
Electricity $200$2,405
Total$1,672$20,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,325/yr
40% on housing$50,160/yr
45% on housing$44,586/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

$254This listing

vs Other Active Listings

Avg $/sqft

ZIP 27704$171
Durham County$202

vs Homes Sold Last Month

Median $/sqft

ZIP 27704$222
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)

Price History

DateEventPrice
2026-05-02Listed for sale$235,000

For Sale by Agent

AgentMary Wible
BrokerageNest Realty of the Triangle

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