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    120 Kingston Dr Chapel Hill, NC 27514

    View on Map
    Sponsored
    Pending
    $849,900

    MULTI_FAMILY - Chapel Hill, NC

    Property size:
    3,641 SF
    Lot size:
    0.53 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 17 at 4:06 am

    Property Features for 120 Kingston Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Vegetation
    Partially Wooded, Natural State
    Rooms
    Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 3, Basement, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
    Bedrooms
    8
    Bathrooms
    5
    APN
    9880448877
    Parking features
    Driveway, Off Street
    Patio and Porch features
    Deck, Porch
    Interior features
    Bathtub/Shower Combination, Eat-in Kitchen, Pantry, Quartz Counters, Smart Thermostat, Smooth Ceilings, Walk-In Closet(s)
    Exterior features
    Storage
    Fireplace
    1
    Basement
    Crawl Space
    Appliances
    Dishwasher, Electric Range, Free-Standing Refrigerator, Range Hood, Stainless Steel Appliance(s), Water Heater
    Size
    3,641 SF
    Lot size
    0.53 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Vinyl
    Building materials
    HardiPlank Type, Masonite
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michelle Delin
    Michelle Delin

    Flex Realty (919) 355-4356

    Listing agent Michelle Delin (919) 619-0019

    Listing date Feb 27, 2026

    MLS# 10095564 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Spacious Updated Duplex in Chapel Hill

    Located in Chapel Hill, NC, this updated duplex offers a unique opportunity for investors, multigenerational households, or owner-occupants. Situated on a 0.53-acre corner lot in the Timberlyne neighborhood, the property features a total of 8 bedrooms and 3641 square feet of living space. Each unit includes 4 bedrooms and 2.5 baths with thoughtfully designed layouts. The units feature oversized living rooms filled with natural light and expansive eat-in kitchens. Each unit also has a separate dining room. Upstairs, each unit includes a spacious primary suite with ensuite and walk-in closet, an additional full bathroom, three more bedrooms, and laundry. Recent upgrades in both units include modern quartz countertops, refinished hardwood floors, LVT flooring, carpet, interior and exterior paint, and landscaping. Unit A features a dedicated oversized driveway accessed from Silver Cedar Ln, a spacious backyard, and a large storage shed. The kitchen has LVT flooring. A recently replaced HVAC system and ecobee smart thermostat ensure year-round comfort and energy efficiency. Unit B's kitchen includes hardwood floors and a suite of new stainless steel appliances, including a refrigerator, stove, and dishwasher. This unit also has its own driveway, a generous backyard, and a detached garage. The property offers quick access to I-40, UNC, and top-rated CHCCS schools. Timberlyne Shopping Center is nearby, and public transit is also close by, with three bus lines within walking distance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multidimensional Bodywork Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.050541
    Latitude
    35.961416

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    FAQs

    What type of property is this?
    Duplex - Renovated 8BR duplex in Timberlyne, ideal for investors or homeowners.
    Where is this duplex located?
    The property is located at 120 Kingston Dr Chapel Hill, NC.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Spacious, renovated duplex (8 BR, 3641 sf) on a large corner lot, ideal for investors, multigenerational living, or owner-occupants.; - Each unit features 4 bedrooms, 2.5 baths, updated kitchens with quartz countertops/stainless steel appliances, refinished hardwood floors, and private decks.; - Prime location in the desirable Timberlyne neighborhood with quick access to I-40, UNC, top-rated schools, and Timberlyne Shopping Center.
    (919) 619-0019
    Request Owner's contact information
    120 Kingston Dr Chapel Hill, NC 27514
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    Chapel Hill, NC 27514
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Kingston Dr Chapel Hill, NC 27514
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    Listing Contact
    Michelle Delin
    Michelle Delin
    (919) 619-0019
    Learn more
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