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For sale
    • $1,195,000

    594 Cedar Lake Rd, Chapel Hill, NC 27516

    8beds
    4,416sqft
    : 
    $7,322/mo
    Get pre-qualified
    Condominium
    Built in 1981
    -- sqft lot
    $-- Zestimate®
    $271/sqft
    $-- HOA

    What's special

    Fiber cement sidingNew floors
    Turnkey Multi Unit Investment opportunity available! Updated 6 - unit Condominium units on approx. 5 acres in the beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6 -unit condominium package on almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management
    30 days
    111
    5

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd Averette 919-475-8310,

    1st Choice Realty of Triangle,

    Mary Jo Edgerton 919-605-0452,

    1st Choice Realty of Triangle

    Source: Doorify MLS,MLS#: 10195912MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 3
      Heating
      • Heat Pump
      Cooling
      • Central Air
      Features
      • Flooring: Luxury Vinyl
      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: 12
      • Parking features: Open
      • Uncovered spaces: 12
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 4.98 Acres
      • Features: Partially Cleared
      Details
      • Parcel number: 0002606
      • Zoning: R-2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Fiber Cement
      • Foundation: Block, Permanent, Crawlspace
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1981

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Shared Well, Well

      Community & HOA

      Community
      • Subdivision: Shadow Ridge
      HOA
      • Has HOA: No
      Location
      • Region: Chapel Hill

      Financial & listing details

      • Price per square foot: $271/sqft
      • Tax assessed value: $673,476
      • Annual tax amount: $5,744
      • Date on market: 10/1/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Lease term: 12 Months
      • Tenant pays: All Utilities

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/1/2026Listed for sale$1,195,000+274.6%$271/sqft
        Source: Doorify MLS #10195912 Report a problem
        3/10/2025Listing removed$1,200
        Source: Zillow Rentals Report a problem
        2/11/2025Listed for rent$1,200
        Source: Zillow Rentals Report a problem
        8/19/2011Listing removed$319,000$72/sqft
        Source: Chapel Hill Partner, LLC d/b/a Keller Williams Realty - Chapel Hill #1702159 Report a problem
        5/31/2011Price change$319,000-5.9%$72/sqft
        Source: Chapel Hill Partner, LLC d/b/a Keller Williams Realty - Chapel Hill #1702159 Report a problem
        1/21/2011Price change$339,000-10.6%$77/sqft
        Source: Chapel Hill Partner, LLC d/b/a Keller Williams Realty - Chapel Hill #1702159 Report a problem
        9/21/2010Listed for sale$379,000+235.4%$86/sqft
        Source: Chapel Hill Partner, LLC d/b/a Keller Williams Realty - Chapel Hill #1702159 Report a problem
        1/15/2002Sold$113,000$26/sqft
        Source: Doorify MLS #597361 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.
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 27516

        Getting around

        18 / 100
        Car-Dependent
        19 / 100
        Minimal Transit
        8 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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