For sale

$1,250,000

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

12beds

4,416sqft

$7,252/mo

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Multi Family

Built in 1981

-- sqft lot

$1,149,200 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.

79 days

66

5

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

$1,149,200

$1.09M - $1.21M

$1,798/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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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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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 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.