For sale

$1,250,000

348-360 Cedar Lake Rd #A & B, Chapel Hill, NC 27516

12beds

4,416sqft

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Duplex, Multi Family

Built in 1981

-- sqft lot

$1,155,800 Zestimate^®

$283/sqft

$-- HOA

What's special

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.

35 days

176

11

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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

$1,155,800

$1.10M - $1.21M

$1,733/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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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