3 duplexes, 6 units which are 2 BR, 1 bath each on a nicely wooded 5 acre lot. Good condition yet not updated. Truly work force housing as they are right now. All are leased for $950 per month/ $5700 income monthly. Fabulous rental history and future rental potential is unlimited. Plenty of room for adding carports/ garages and updating to match Chapel Hill rental rates. Super close to shopping and park and ride.
For sale
$1,250,000
348-360 Cedar Lake Rd #A & B, Chapel Hill, NC 27516
12beds
4,416sqft
Duplex, Multi Family
Built in 1981
-- sqft lot
$1,140,200 Zestimate®
$283/sqft
$-- HOA
What's special
- 83 days |
- 186 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Julia Tucker 919-602-1222,
Long & Foster Real Estate INC
Source: Doorify MLS,MLS#: 10171077
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Electric Range, Electric Water Heater, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Linoleum
- Common walls with other units/homes: 1 Common Wall, End Unit
Interior area
- Total structure area: 4,416
- Total interior livable area: 4,416 sqft
- Finished area above ground: 4,416
- Finished area below ground: 0
Property
Parking
- Total spaces: 24
- Parking features: Driveway
- Uncovered spaces: 24
Features
- Levels: One
- Stories: 1
- Fencing: None
- Has view: Yes
Lot
- Size: 4.99 Acres
- Features: Wooded
Details
- Parcel number: 2608
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
- Utilities for property: Cable Available
Community & HOA
Community
- Features: None
- Subdivision: Cedar Lake
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Chapel Hill
Financial & listing details
- Price per square foot: $283/sqft
- Annual tax amount: $6,372
- Date on market: 6/1/2026
- Lease term: Month To Month
Estimated market value
$1,140,200
$1.08M - $1.20M
$1,904/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $1,250,000$283/sqft |
Source:  Doorify MLS #10171077 Report a problem | ||
| 5/30/2026 | Listing removed | $1,250,000$283/sqft |
Source: Doorify MLS #10150692 Report a problem | ||
| 3/5/2026 | Listed for sale | $1,250,000$283/sqft |
Source: Doorify MLS #10150692 Report a problem | ||
| 3/1/2026 | Listing removed | $1,250,000$283/sqft |
Source: Doorify MLS #10129995 Report a problem | ||
| 10/28/2025 | Listed for sale | $1,250,000$283/sqft |
Source: Doorify MLS #10129995 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 27516
Nearby schools
GreatSchools rating
- 5/10Chatham Grove ElementaryGrades: PK-5Distance: 2.7 mi
- 6/10Margaret B. Pollard Middle SchoolGrades: 6-8Distance: 2.4 mi
- 6/10Seaforth HighGrades: 9-12Distance: 8.3 mi
Schools provided by the listing agent
- Elementary: Chatham - Chatham Grove Elementary
- Middle: Chatham - Margaret B Pollard Middle School
- High: Chatham - Seaforth High School
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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