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
Price cut: $100K (9/25)
$1,150,000
348-360 Cedar Lake Rd #&-b, Chapel Hill, NC 27516
12beds
4,416sqft
Multi Family
Built in 1981
-- sqft lot
$1,096,000 Zestimate®
$260/sqft
$-- HOA
What's special
- 143 days
- 59
- 0
Zillow last checked:
Listing updated:
Listed by:
Julia Tucker,
Long & Foster Real Estate INC
Source: Long & Foster Broker Feed,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
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: $260/sqft
- Annual tax amount: $773,501
- Date on market: 6/1/2026
Estimated market value
$1,096,000
$1.04M - $1.15M
$1,924/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Price change | $1,150,000-8%$260/sqft |
Source:  Long & Foster Broker Feed #10171077 Report a problem | ||
| 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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Neighborhood: 27516
Nearby schools
Schools provided by the listing agent
- Elementary: Chatham - Chatham Grove Elementary
- Middle: Chatham - Margaret B Pollard Middle School
- High: Chatham - Seaforth High School
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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