217 Hood St, Durham, NC 27701

Property Description

PRICE REDUCTION! Lease renewal at market rate, bringing this opportunity up to a 6.9% CAP Rate! Don't miss this rare opportunity to own a one-of-a-kind, fully renovated mixed-use building in the heart of Downtown Durham in a highly walkable location. Located in the highly sought-after Design District (DD-S1), 217 Hood Street seamlessly blends historic charm with modern design. The property features four beautifully finished 2-bedroom residential units and a third-floor commercial office suite, all thoughtfully crafted with high-end finishes and timeless architectural details. The third-floor suite is currently leased to BETTER (owned and operated by the seller) and includes a full kitchen, two private offices, a conference room, and two bathrooms. Rent and extension terms are negotiable, offering flexibility for investors or owner-occupants. The building has been meticulously restored to provide both comfort and character. Each residential unit boasts hardwood floors, designer kitchens, custom tilework, in-unit laundry, and private outdoor space, including expansive porches and balconies--delivering a level of quality rarely found in multifamily assets. The commercial suite offers a dramatic and functional workspace with open-concept layout, exposed beams, skylights, and modern bath/kitchenette buildouts--perfect for creative professionals, boutique agencies, or continued owner-occupancy. Walkable downtown location, steps from Ponysaurus Brewing, DPAC, the Durham Bulls Athletic Park, and a wide array of restaurants, cafes, and cultural amenities. Quick access to Highway 147 and public transit.