Contemporary Duplex with Fenced
For Sale
$399,000
103 Stewart Lane, Chapel Hill, NC 27514
DUPLEX - Contemporary - Chapel Hill, NC
Property Size1,344 SF
Lot Size0.10 Acres
Price / SF$296.88
Days on Market47
Property Features for 103 Stewart Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Laundry Room, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Bathroom 2, Bathroom 1
Subdivision
Erwin Village
Elementary school
Chapel Hill Carrboro - Ephesus Road Elementary Sch
Middle school
Chapel Hill Carrboro - Guy B Phillips Middle Schoo
High school
Chapel Hill Carrboro - East Chapel Hill High Schoo
Standard status
Active
APN
9799495283
Size
1,344 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
9A Erwin Village P74/198
Tax Annual Amount
5099
HOA Fee
$180 Monthly
Legal Description
9A Erwin Village P74/198
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Cooling system
Electric, Attic Fan, Central Air
Water source
Public
Amenities
laundry room
back deck
fenced-in backyard
Building Details
Year built
1995
Floors in Building
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Fiber Cement
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Golden House Realty, LLC
(919) 462-6680
Listed By:
Wei Huang
(919) 491-0697
Added: Jun 20
Changed: Aug 4
Last Checked: Aug 5 at 4:06AM
MLS# 10175456
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This contemporary duplex at 103 Stewart Lane features an updated interior and an outdoor space designed for everyday use. The home offers a bright, open living layout with high ceilings and a mix of hardwood, carpet, and tile flooring. The kitchen has granite countertops and a brand-new range stove with a vent hood. Laundry is supported by a new LG front-load washer and dryer. The master bedroom is on the first floor, with hardwood flooring and a view of the backyard. Bathrooms have been updated with new lighting and faucets, and the interior has been freshly painted. Exterior improvements include a newly updated back deck and a spacious, fenced-in backyard.
The property sits across from a large open green field and is located in Chapel Hill, near the Booker Creek trail and within walking distance of Wegmans, Trader Joe's, banks, restaurants, and clinics. Residents have access to free bus service to UNC and throughout Chapel Hill, as well as free bus service to Duke for students. Major access includes quick connections to 15-501 and I-40, with proximity to UNC, Duke, RTP, and RDU International Airport.
Built in 1995, the duplex has fiber cement construction and a shingle roof. Utilities include public water and public sewer, with natural gas forced-air heating and central air cooling supported by an attic fan and electric components.
The property sits across from a large open green field and is located in Chapel Hill, near the Booker Creek trail and within walking distance of Wegmans, Trader Joe's, banks, restaurants, and clinics. Residents have access to free bus service to UNC and throughout Chapel Hill, as well as free bus service to Duke for students. Major access includes quick connections to 15-501 and I-40, with proximity to UNC, Duke, RTP, and RDU International Airport.
Built in 1995, the duplex has fiber cement construction and a shingle roof. Utilities include public water and public sewer, with natural gas forced-air heating and central air cooling supported by an attic fan and electric components.
Key Highlights
- R‑4 zoning duplex across from a large open green field
- Spacious, fenced‑in backyard plus newly updated back deck
- Upgraded kitchen with granite countertops, new range stove, and vent hood
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.5k | $13.80 |
| − Vacancy | −$2.1k | −$1.53 |
| EGI | $16.5k | $12.27 |
| − OpEx | −$4.9k | −$3.68 |
| NOI | $11.5k | $8.59 |
1,344 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.7K
NOI $10,182 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 27514, NC
33,809
Population
11,470
Households
2.9
Avg Household Size
27
Median Age
80%
College-Educated
98%
High-School Grad
19.6 sq mi
ZIP Area
1,725
Density / Sq Mi
$94,167
Median Household Income
$25,145
Median Earnings
$1,491
Median Rent
$628,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Contemporary duplex in R-4 zoning with a fenced backyard, upgraded kitchen, and central HVAC with public water and sewer.
Where is this duplex located?
The property is located at 103 Stewart Lane Chapel Hill, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: R‑4 zoning duplex across from a large open green field; Spacious, fenced‑in backyard plus newly updated back deck; Upgraded kitchen with granite countertops, new range stove, and vent hood
