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314 Wake Place, Durham, NC 27701 ACTIVE 1 of 23 314 Wake Place, Durham, NC 27701 — photo 2 314 Wake Place, Durham, NC 27701 — photo 3 314 Wake Place, Durham, NC 27701 — photo 4 314 Wake Place, Durham, NC 27701 — photo 5
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Active
$395,000 Est. $2,722/mo — Get pre-qualified
3beds 1baths 1,281sq ft 0.11acres

314 Wake Place · Durham, NC 27701

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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!

Features & Amenities

Living Area1,281 Sq.Ft.
Bedrooms3
Baths1
CoolingCentral Air
FlooringLuxury Vinyl
FireplaceNo
Interior FeaturesCeiling Fan(s)
LaundryInside, Laundry Room
Exterior FeaturesFenced Yard, Rain Gutters
StyleBungalow
Year Built1920
ConstructionConcrete
RoofShingle
FoundationConcrete, Crawlspace
StatusActive
Lot Size0.11 Acres
SubdivisionNot in a Subdivision
CountyDurham
Property TypeResidential
Property SubTypeSingle Family Residence
Last UpdatedAug 28, 2026
SewerPublic Sewer
Water SourcePublic
HOANo
ElementaryDurham County Schools Elementary School
MiddleDurham County Schools Middle School
HighDurham County Schools High School
Presented By: Coldwell Banker HPW; sherrerl@hpw.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Aug 28, 2026 Price Reduced $399,000 → $395,000 ▾ $4,000 (1.0%)

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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