For sale

$1,250,000

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

12beds

4,416sqft

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Multi Family

Built in 1981

-- sqft lot

$1,167,000 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.

34 days

65

4

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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

Features

Flooring: Carpet, Linoleum
Has basement: No

Interior area

Total structure area: 4,416
Total interior livable area: 4,416 sqft

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Lot

Size: 4.99 Acres
Features: Wooded

Construction

Type & style

Home type: MultiFamily
Architectural style: Multi-Family
Property subtype: Multi Family

Materials

Roof: Shingle

Condition

New construction: No
Year built: 1981

Utilities & green energy

Sewer: Septic Tank
Water: Shared Well

Community & HOA

Community

Subdivision: Cedar Lake

Location

Region: Chapel Hill

Financial & listing details

Price per square foot: $283/sqft
Annual tax amount: $773,501
Date on market: 6/1/2026

Estimated market value

$1,167,000

$1.11M - $1.23M

$1,929/mo

Price history

Date	Event	Price
6/1/2026	Listed for sale	$1,250,000$283/sqft
Source: Long & Foster Broker Feed #10171077 Report a problem
5/30/2026	Listing removed	$1,250,000$283/sqft
Source: Long & Foster Broker Feed #10150692 Report a problem
3/5/2026	Listed for sale	$1,250,000$283/sqft
Source: Long & Foster Broker Feed #10150692 Report a problem
3/1/2026	Listing removed	$1,250,000$283/sqft
Source: Long & Foster Broker Feed #10129995 Report a problem
10/28/2025	Listed for sale	$1,250,000$283/sqft
Source: Long & Foster Broker Feed #10129995 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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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Climate risks

Neighborhood: 27516

Getting around

29 / 100

Car-Dependent

17 / 100

Minimal Transit

22 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Chatham Grove Elementary
Grades: PK-5Distance: 2.9 mi
6/10
Margaret B. Pollard Middle School
Grades: 6-8Distance: 2.6 mi
6/10
Seaforth High
Grades: 9-12Distance: 8.4 mi

Schools provided by the listing agent

Elementary: Chatham - Chatham Grove Elementary
Middle: Chatham - Margaret B Pollard
High: Chatham - Seaforth

Source: Long & Foster Broker Feed. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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