314 Wake Place
Durham, NC 27701**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!
$415,000
3 bedrooms
1 full bathrooms
0.11 acres
1,281 square feet
$324 per square foot
- Exterior Features
- Interior Features
- Property Features
- Common Walls No Common Walls
- Construction Materials Concrete
- Exterior Features Fenced Yard, Rain Gutters
- Fencing Privacy
- Lot Size Acres 0.11
- Patio And Porch Features Covered, Front Porch, Porch
- Structure Type House
- Above Grade Finished Area 1,281
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Vinyl
- Heating None
- Interior Features Ceiling Fan(s)
- Laundry Features Inside, Laundry Room
- Rooms Total 1
- Tax Annual Amount 3341.93
- Water Source Public
- Year Built 1920
Additional Property Information
- TypeSingle Family Residence
- Built1920
- NeighborhoodNot in a Subdivision
- CountyDurham
- AreaDurham
- Elementary SchoolDurham County Schools
- Middle SchoolDurham County Schools
- High SchoolDurham County Schools
Listing courtesy of Coldwell Banker HPW. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-06-18T15:44:41.000Z.